I thought Midas Resources, a company who sells gold and silver, was reputable. The company is owned by Ted Anderson, owner of GCN, an internet radio network. Alex Jones with Infowars has a show on Ted's network and often features Ted's 'great deals' on the Infowars radio show.
Thinking that Ted and Alex really care about people trying to survive in this country, and this economy, I decided to purchase silver through Midas Resources. It was one of the worst decisions of my life. I highly discourage anyone from doing business with those people. At the very least you better really know your stuff if you deal with the sales people at Midas.
They ripped me off by overcharging for the purchase of junk silver, by about 1000 dollars. The order took forever to arrive and when I called to inquire about my silver they acted irritated, or should I say one of their salesmen certainly behaved in a most unprofessional manner. After six months my silver arrived in zip lock bags.
After this stressful ordeal I made a few phone calls to 'real' metals companies. I found that Midas overcharged me with premium of over $4.20 per ounce which amounted to about $1000.00. It was too late to rectify the situation, but I tried talking with their 'salesman' who ran in circles during my inquiry. On one hand he said they didn't charge premiums, in the next statement he said Ted sets the premiums because we have a huge radio show, Infowars, we have to support. He did his best to sound intelligent but to no avail.
Just don't do business with Midas, and if you hear Alex and Ted talking about how much you need to get into gold and silver because of the economy... Please... Don't go to Midas. It's nice to think people care about all of us slugging it out during hard times, but be forewarned... These people are making a ton of money on our backs.
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