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<p>[QUOTE=&quot;rte, post: 26555018, member: 78199&quot;]I&#039;ll repost here in case someone else didn&#039;t get to read it in the other post.</p><p><br /></p><p>My first recollection of a first gold coin was a half ounce eagle when I was invited to be part of a coin collecting club system drawn up by a group of investment people and lawyers.</p><p>By system I&#039;m pretty sure it was a type of MLM pyramid thing. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie12" alt="o_O" unselectable="on" unselectable="on" /></p><p>Well that&#039;s what the .gov said when they Shut it Down&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> shortly after I got in the coin club.</p><p><br /></p><p>Invest X amount of $ and get 3 other like minded individuals to do the same.</p><p>At which point when the member qualified and enough time had passed a club member was given a check to reinvest for a half ounce 1986 gold eagle coin and 3 1986 silver eagle coins...</p><p>When enough members were involved and enough time passed another check was supposed to come around to reinvest in a full ounce gold eagle coin and 6 silver eagle coins, and so on.</p><p><br /></p><p>It seems someone <b>Allegedly</b> got a check to reinvest out of turn and that caused some other member(s) to complain to someone who called in question the coin club system and the .gov got involved. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p>Now with the .gov involvement, the club spending investors money on lawyers and bureaucratic red tape, caused the club to be disbanded AFTER this member reinvested the check but BEFORE this member was to receive the ONE full ounce gold eagle and 6 silver eagle coins.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><b>That Sucks</b>...the .gov claimed that the club was operating like, LIKE a type of MLM pyramid thing and at some point wouldn&#039;t be able to fulfill the clubs obligation to all the members.</p><p>The money invested was more than the coins were worth and deemed it a be UN sustainable.</p><p><br /></p><p><b>In other words didn&#039;t like the competition</b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie12" alt="o_O" unselectable="on" unselectable="on" /></p><p>Not political... Many years have passed and what do you know...the coins ARE worth more than the money invested. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p><br /></p><p><b>On A Side Note:</b></p><p>Does anyone want to start a coin club <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie12" alt="o_O" unselectable="on" unselectable="on" /> What could possibly go wrong <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" /></p><p>I&#039;m pretty sure startup paperwork is filed away somewhere.[/QUOTE]</p><p><br /></p>

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