A full-page ad in this week’s Journal (page 4) calls one and all down to the Best Western Bayshore Inn, so that the good folks at Ohio Valley Gold and Silver Refinery, in town for one week only, might offer fine prices for your precious metal collectibles. They’ll be there Tuesday through Saturday, the ad says.
“During this special event, anyone is welcome to bring all types of gold, silver and platinum to the refinery and turn it in for instant payment,” the ad reads. The idea, apparently, is that by selling directly to a “refinery,” you’ll be getting a better price.
Hold on a moment, though. Numerous reports from across the nation accuse the company, which operates under a variety of aliases, of dirty dealing and scammery. The Texas Examiner undertook its own covert investigation, and discovered the company offering prices way below market value. The Bowling Green Daily News notes that the company has a record of bounced checks and Better Business Bureau complaints, and was the subject of a trademark infringement case brought by the makers of “Antiques Roadshow.”
More on this in the next Journal. Meanwhile: Proceed with extreme caution, and please tell your friends.
This article appears in At Last.
I just want to say that the fellow who Greystone had come and buy gold was an honest sort. Of course HE made money but SO did I, on jewelry I no longer wear or want. Why the h-e-double hockey sticks not sell it. I don’t know about this company but if you are right, then SELLERS BEWARE. Encourage Greystone to invite that chap back. He was from Fresno of all places.
Personally i was surprised you’d run an ad like that.
I was surprised to see a Times Standard sort of ad in the NCJ, but congratulations to the sales rep. It’s goddamned hard work bringing in out-of-the-area accounts. They always prefer a daily.
Next you’ll be running ads for Thomas Kincade “art” (batteries not included, some restrictions may apply). Hee hee.
What about Amish Heaters?
I look forward to the day when you run a similar apology/disclaimer for all the advertising you run from the pharmaceutical drug cartel (particularly the governmental branch that uses taxpayer funds to try and con the sheeple into believing that injecting toxic substances into the body is somehow “safe and effective”), and the local medical establishment that has done so much harm in our community, yet does not get reported on because they are such good advertisers.
If you have precious metal collectibles, please do your homework. Before selling to these out-of-town sharks, call local pawn shops and coin dealers and ask what they pay for an ounce of silver or a gram of gold. Ask if their scales are certified by the USDA. Ask if they have an expert on staff who can evaluate old and rare coins. If you do go to the out-of-towners, ask the very same questions. Don’t be fooled by the glitzy ads disguised as news stories. Metal prices are currently through the roof, but you’ll generally make far more money by selling your collectibles locally.
How about more quick notes like this about campaign adds on the next go around?
“Voters beware! Despite what her advertisements say, did you know Virginia Bass only a Democrat on paper? this year and this year only? and votes almost entirely republican?”
etc.
http://www.google.com/finance?q=MUTF%3AOPGSX
gold rush to continue… and silver…keep your silver close folks, our national debt is not just going to go away. The dollar buying power is decreasing. Be great to see the NCJ do a piece on the historical buying power of our hard earned dollar, something educational.