Gold Bullion made a bad batch!
In a world of economic turmoil, downgraded status, and the U.S. dollar sinking faster than the Titanic, many of us are scrambling to find a secure, safe and reliable means of investing our monies. Precious metals, such as gold bullion gives us that security we are all craving. However, here is a “BUYER BEWARE” scam that is sweeping the nation. There are “brokers” running around and targeting our senior citizens to quickly invest their savings into these precious metals, but only taking the money, not bringing back the metals they “invested”. As with anytime you are looking to invest, due diligence is required to fully investigate any and all companies!
In Florida, these precious metal exchange stores were going up faster than Starbucks, Walgreens and medicial dispensaries combined! Most recently, Gold Bullion Exchange founder, Jamie Campany, plead guilty to fraud.
He was one of many who took client’s money with no intent to purchase the precious metals he promised. Ok, that’s the bad news. Good news, is now this under regulated commodity is now over-sought by US Commodity Futures Commission. If the trade of monies to bullion isn’t finalized (metal being delivered to the original buyer) within 28 days, that is a violation of the new law and the federal government prosecute.Lee Josephson, of Raymond Lee Jewlers suggests, “It is always a good time to buy precious metals. As the currency continues to get weaker precious metals continue to rise.” Raymond Lee Jewelers buys Bullion and Gold.
- Gold Bullion Specialist 1stGoldBullion.com Sculpts $1m Justin Bieber Head in Gold – Birthday Present for Selena Gomez? (prweb.com)
- Gold Bullion International to Demonstrate its Automated Precious Metals Trading and Storage Platform at FinovateSpring 2011 (prweb.com)
- Investing in Gold Bullion- Learning the Ins and Out (prweb.com)
- Investing & buying gold thru a Gold IRA. (thebrandbarry.com)