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US Mint under fire for its apparent lack of concern over counterfeits

derrybderryb Posts: 36,823 ✭✭✭✭✭
edited March 18, 2018 3:56PM in Precious Metals

US Mint under fire for its apparent lack of concern over counterfiets

". . . the U.S. Secret Service has since briefed my office about the extent of this activity and its frustration with a lack of supportive actions by other agencies, including the U.S. Mint.”

This will likely result in the addition of security features to US Mint bullion.

"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

Comments

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Interesting, hopefully something gets done !!!

    Timbuk3
  • MilesWaitsMilesWaits Posts: 5,356 ✭✭✭✭✭

    Which causes me to further wonder about a few of the newer BST sellers, under spot, on PM’s.

    Now riding the swell in PM's and surf.
  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭

    Very informative. Thanks for the link.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I am happy to see this getting higher level attention... now, will it get action - since action is key to results. Cheers, RickO

  • MilesWaitsMilesWaits Posts: 5,356 ✭✭✭✭✭

    I see a newbie over on the BST listing a number of silver rounds at spot, shipped, with regular fee PayPal.
    Anyone want to roll the dice on that one?!?!

    Now riding the swell in PM's and surf.
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    @MilesWaits said:
    I see a newbie over on the BST listing a number of silver rounds at spot, shipped, with regular fee PayPal.
    Anyone want to roll the dice on that one?!?!

    Will Pay Pal guarantee this type of transaction? I guess you could tell them to ship first and then pay upon receipt and inspection.

    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

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @PerryHall said:

    @MilesWaits said:
    I see a newbie over on the BST listing a number of silver rounds at spot, shipped, with regular fee PayPal.
    Anyone want to roll the dice on that one?!?!

    Will Pay Pal guarantee this type of transaction? I guess you could tell them to ship first and then pay upon receipt and inspection.

    Anytime you use regular paypal to pay for a direct purchase request the seller to send you a PP invoice first that clearly identifies what you are purchasing. This is your ammo with PP in the event of a claim.

    "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

  • MilesWaitsMilesWaits Posts: 5,356 ✭✭✭✭✭

    The greater issue to me, hence the partial title of this thread, is the concern over counterfeits being sold on BST by newbies.
    Regardless of the pricing or protection from PayPal.

    Now riding the swell in PM's and surf.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    There will always be a concern over counterfeits from new sellers and there will always be new sellers. Protect yourself best you can.

    "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

  • MilesWaitsMilesWaits Posts: 5,356 ✭✭✭✭✭

    And there will always be people coming to the board's complaining they lost money on too good of a deal. On the BST.

    Now riding the swell in PM's and surf.
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