I want to report on the horrible experience I had with the Huge Gold Event. Their website is hugegoldevent.com. Their owners are Phil Winn, Don Bowley, and Richard Johnson all from the Denver, Colorado metro area.
These people provide pricing that is around half of the spot value or market value of gold and far less than that for silver.
If you bring in $1000 worth of gold, you will walk out with around $500 and they won't pay for your diamonds unless they are huge diamonds.
All they do is send the gold into a refiner and the refiners pay approximately 90% of the value of the gold.
I should have sent my gold directly to the refiner. I would have gotten a fair amount of money.
People who capitalize on the ignorance of those of us out here who really really need the money are horrible scum. To me it is akin to price gouging. Taking advantage of those in desperate need. And now I heard that they are talking to churches and other non-profit organizations so the church for instance will get its members to bring in their gold jewelry to help raise some money... But the church gets only a tiny portion of the money due to these horrible business practices.
I hope that somebody puts a stop to these people. They should not be allowed to get rich by buying gold from desperate people in a horrible economy at prices far below spot value.
They are required to hold the gold for 30 days. It is my suggestion that you contact them at Rocky Mountain Gems and get your gold back and send it in to the refiner yourself. The refiners are very trustworthy and helpful and will give you a fair amount of money unlike scum who try to steal your money and take advantage of you when you are in need.
I also suggest that you contact the attorney general to report price gouging and file a complaint with the local Better Business Bureau and websites such as this to help ensure that these people don't continue to gouge unsuspecting people in need.
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