Is Another Popular Metals Dealer Losing People’s Money?…Steve Quayle

Thursday, December 4, 2014
By Paul Martin
December 4, 2014

King World News has received concerned emails over time from KWN readers about a well-known precious metals dealer in the state of Washington. These emails revolve around delivery problems. People were experiencing extremely lengthy delays in receiving the delivery of their metals. Now it appears another individual has come forward and a website has suddenly terminated the sponsorship program with this well-known dealer.

Eric King: “John, I’m going to bring in a 30-year metals dealer into the conversation, but first I wanted to ask you about concerns people have had about Northwest Territorial Mint.”

John Embry of Sprott Asset Management: “Investors are doing the right thing by attempting to buy physical gold and silver at these depressed price levels. But it’s absolutely critical that the dealer with whom people are placing orders can guarantee you almost immediate delivery.

I think the gold and silver paper market is one of the greatwar Ponzi schemes on earth. So if you are going to buy physical, make sure the entity you are buying it from has it immediately available for shipment. If they are telling it’s going to be many weeks or months, I would run the other way because there is absolutely no excuse for that.”

Echoing John Embry’s warning, 30-year metals dealer Stephen Quayle shared the following details about what the precious metals purchaser can do to protect themselves.

Quayle: “If a deal seems to good to be true, it is. If dealers and distributors can’t buy at spot, what makes people think they can? People who are penny wise and pound foolish when buying precious metals get burned. And we are not talking about pennies here, we are talking about people’s life savings.”

The Rest…HERE

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