Who do you trust?
tneig
Posts: 1,505 ✭✭✭
After reading the latest from coinflation.com about tulving, my trust window is narrowed. As a small timer and beginner I did a lot of trusting. With all the counterfeits, for my game it's risky.
It doesn't take much for the seller to get in over their heads, and even experienced buyers get stung as well. But it won't prohibit me from making personal deals if the trust factor is high.
So my standard is that if any individual or business or selling thread has even a hint of red flags, just stay clear.
It doesn't take much for the seller to get in over their heads, and even experienced buyers get stung as well. But it won't prohibit me from making personal deals if the trust factor is high.
So my standard is that if any individual or business or selling thread has even a hint of red flags, just stay clear.
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
^^^^^^^^^^^^^^
This
I trust myself.... and sometimes I am a bit cautious even then...
^^^^^^^^^^^^^^
and this, because I have sense enough to know even though I was created in His image, I am not Him.
Trust enough to send a substantial (for me) check for a bullion purchase? APMEX, and certainly a local established dealer like Harlan Berk.
A far-away bullion dealer in California? Not exactly.
<< <i>I trust my all encompassing US government - they are monitoring my bank accounts, my PM sales etc for my benefit. I know they are doing it to keep me safe from real and imagined enemies. >>
...and will soon penalize 45,000,000 Americans that fraudulently awake on April First, uninsured!
*For their own good, of course.
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<< <i>I trust my all encompassing US government - they are monitoring my bank accounts, my PM sales etc for my benefit. I know they are doing it to keep me safe from real and imagined enemies. >>
...and will soon penalize 45,000,000 Americans that fraudulently awake on April First, uninsured!
*For their own good, of course. >>
A voice said to me : " You will see the Oligarchy cannabalizing one another until the last one is devoured by the greed that consumes them. "
<< <i>I trust various posters here. Not enough to bet my life on it, but enough to buy stuff from. As far as metals go, I trust MCM and Apmex. Every dealing with them has been flawless and smooth, both buying and selling. >>
I agree with the various posters here(and many others actually).
However, after the way APMEX screwed customers royally with the ATB fiasco they sold....I (and many others) know we can never trust APMEX ever again. Old news I know, but it was so dispicable as to never be forgotten.
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<< <i>I trust various posters here. Not enough to bet my life on it, but enough to buy stuff from. As far as metals go, I trust MCM and Apmex. Every dealing with them has been flawless and smooth, both buying and selling. >>
I agree with the various posters here(and many others actually).
However, after the way APMEX screwed customers royally with the ATB fiasco they sold....I (and many others) know we can never trust APMEX ever again. Old news I know, but it was so dispicable as to never be forgotten. >>
I have no idea what you are referring to... Seriously. What happened? (I have been out of the mix for some time now).
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<< <i>I trust various posters here. Not enough to bet my life on it, but enough to buy stuff from. As far as metals go, I trust MCM and Apmex. Every dealing with them has been flawless and smooth, both buying and selling. >>
I agree with the various posters here(and many others actually).
However, after the way APMEX screwed customers royally with the ATB fiasco they sold....I (and many others) know we can never trust APMEX ever again. Old news I know, but it was so dispicable as to never be forgotten. >>
I have no idea what you are referring to... Seriously. What happened? (I have been out of the mix for some time now). >>
Something to do with those 5 oz. silver quarter thingies.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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<< <i>I trust various posters here. Not enough to bet my life on it, but enough to buy stuff from. As far as metals go, I trust MCM and Apmex. Every dealing with them has been flawless and smooth, both buying and selling. >>
I agree with the various posters here(and many others actually).
However, after the way APMEX screwed customers royally with the ATB fiasco they sold....I (and many others) know we can never trust APMEX ever again. Old news I know, but it was so dispicable as to never be forgotten. >>
I have no idea what you are referring to... Seriously. What happened? (I have been out of the mix for some time now). >>
Something to do with those 5 oz. silver quarter thingies. >>
I unsuccessfully tried to search for the numerous previous forum topics on this. Others may be more helpful here. Basically a few years ago when the ATBs first came out everyone scrambled to get some. APMEX was one of the authorized dostributors of these. They basically went through their stock received from the mint and after initially being rebuffed by the mint for overcharging for them...ie gouging the public, they then went through and cherry picked their allotment and kept the MS69s for themselves and sold the rest out the door as supposedly raw but did not tell customers they had cherrypicked through them. Later, they sold boxes of mixed graded ones but had a secret alphabet code on the boxes whereby they distributed the lower graded ones to new customers and higher graded ones to repeat customers but did it all on the sly without divulging their underhanded actions to anyone. The code on the outside of the shipped boxes of the 5 coin initial year sets was broken by members here. APMEX tried to hide all these actions from comsumers. Many here swore they would never do business with APMEX again.
Hopefully someone can find and link the old posts on this. Others may want to chim in if I have forgotten anything or have a different slant on what happened. It was all very unprofession and motivated by greed.....they in essence tried to initially screw the public on initial release prices and then secretly screwed new customers.
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<< <i>I trust various posters here. Not enough to bet my life on it, but enough to buy stuff from. As far as metals go, I trust MCM and Apmex. Every dealing with them has been flawless and smooth, both buying and selling. >>
I agree with the various posters here(and many others actually).
However, after the way APMEX screwed customers royally with the ATB fiasco they sold....I (and many others) know we can never trust APMEX ever again. Old news I know, but it was so dispicable as to never be forgotten. >>
I have no idea what you are referring to... Seriously. What happened? (I have been out of the mix for some time now). >>
Something to do with those 5 oz. silver quarter thingies. >>
I unsuccessfully tried to search for the numerous previous forum topics on this. Others may be more helpful here. Basically a few years ago when the ATBs first came out everyone scrambled to get some. APMEX was one of the authorized dostributors of these. They basically went through their stock received from the mint and after initially being rebuffed by the mint for overcharging for them...ie gouging the public, they then went through and cherry picked their allotment and kept the MS69s for themselves and sold the rest out the door as supposedly raw but did not tell customers they had cherrypicked through them. Later, they sold boxes of mixed graded ones but had a secret alphabet code on the boxes whereby they distributed the lower graded ones to new customers and higher graded ones to repeat customers but did it all on the sly without divulging their underhanded actions to anyone. The code on the outside of the shipped boxes of the 5 coin initial year sets was broken by members here. APMEX tried to hide all these actions from comsumers. Many here swore they would never do business with APMEX again.
Hopefully someone can find and link the old posts on this. Others may want to chim in if I have forgotten anything or have a different slant on what happened. It was all very unprofession and motivated by greed.....they in essence tried to initially screw the public on initial release prices and then secretly screwed new customers. >>
Wow, thank you for the breakdown. How are they still in business?
The firm in Springfield, IL (whose name I've promised to forget) cherrypicked their allocation and then had people lining up in the cold to distribute a few sets - and then sent people packing after a few sets were sold and flipped and flipped and flipped - then they dumped their allocation onto the market after much higher speculative prices had been established. Besides being on their waiting list for months with no response from them ever in spite of regular followups, they never did get around to offering me a set. Apmex did offer me a set because I had been on their waiting list for months as well, and because I was a former customer I probably did get a better set. But there was a difference there between Springfield and Apmex.
Jack Hunt did the very same type of cherrypicking, putting inquries on a waiting list and eventually selling them substandard sets, while a few months later they trickled all of their PCGS MS-69 DMPL coins out onto ebay. Karma got them in the end, because by then the prices had come back down.
Provident was upfront and so was AMark - with what appeared to be random coin distribution. Coins & Things was questionable. But the biggest faux pas was the Mint itself. They set the rules and then specifically didn't follow their own contractual rules or sanction the distributors who were caught playing games. It was a crappy rollout, and I blame the Mint for about 82.5% of it.
I knew it would happen.
I can also trust my dog to get into the trash if given any opportunity. She is relentless (and grew up hungry and scavenging so it's hard to teach her otherwise). Otherwise, the spousal unit is pretty trustworthy. I even have put him on my accounts and have told him where the stash is
I would trust many of the folks here with my wallet or checkbook or a pile of cash. I've had the good fortune to be on both sides of successful transactions here.
<< <i>A lot of good answers so far.
I would trust many of the folks here with my wallet or checkbook or a pile of cash. I've had the good fortune to be on both sides of successful transactions here. >>
I have taken some decent sized personal cheques from several posters here at one time or another.
<< <i>A lot of good answers so far.
I would trust many of the folks here with my wallet or checkbook or a pile of cash. I've had the good fortune to be on both sides of successful transactions here. >>
Same here. With some of the members I have no problem shipping as soon as they confirm the intention to buy. As well, I feel comfortable sending a payment immediately.
Speaking of the big guys, I think Apmex is the best and more trustworthy.
Though, I deal more often with Provident because of their prices and they fresh way of doing business.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Soneone pulled up the old thread just now in the US Coin forum.
It is titled..."APMEX is selling the 5oz ATB sets right now".
Towards the end of the many pages is where the APMEX scam of selling secretely marked/pooer graded sets raw to the public surfaces.
Much earlier is where the initial overcharging for these coins by APMEX and the mint clamping down on them is revealed.
It is a LONG thread!
As far as my general circle of trust in life, Its based on 2 things - money and woman. That circle is about as big as this o.
I will never trust the goverment, law enforcement, judicial system, casinos or business owners.
Wise words to live by,,,,,,, be you buying bullion or Atomic Bombs