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<p>[QUOTE="medoraman, post: 2226700, member: 26302"]Yeah, I agree with others. Unfortunately the PM market has a very long and ugly history with identical schemes. PM vendors promise you its in a "vault", yet its "leased short term". "No, no, no", they claim, "you have physical metal its just in my vault so I can't show you, or it was leased so we are waiting the replacement metal", etc ad nauseum. When the Sheriff comes in the door, the money is always gone and anyone who thought they had physical metal has nothing but a claim in a shyster company.</p><p> </p><p>These have been going on since at least the 70's by memory. I always wondered what made PM investors such suckers for these shysters. Over and over PM investors fall for it, the owner of the company gets to live large for a while, he gets busted, goes to white collar jail a few years and comes out and lives on what was probably hidden profits from his scam. Unfortunately, many start the scam up all over again. I always thought these thieves should get sent to a real prison and have to have a boyfriend named "Big Bubba" or "Angry Leroy".[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2226700, member: 26302"]Yeah, I agree with others. Unfortunately the PM market has a very long and ugly history with identical schemes. PM vendors promise you its in a "vault", yet its "leased short term". "No, no, no", they claim, "you have physical metal its just in my vault so I can't show you, or it was leased so we are waiting the replacement metal", etc ad nauseum. When the Sheriff comes in the door, the money is always gone and anyone who thought they had physical metal has nothing but a claim in a shyster company. These have been going on since at least the 70's by memory. I always wondered what made PM investors such suckers for these shysters. Over and over PM investors fall for it, the owner of the company gets to live large for a while, he gets busted, goes to white collar jail a few years and comes out and lives on what was probably hidden profits from his scam. Unfortunately, many start the scam up all over again. I always thought these thieves should get sent to a real prison and have to have a boyfriend named "Big Bubba" or "Angry Leroy".[/QUOTE]
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