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WARNING - Up To £250,000 LOSS for a GOLD Investor - Was He Scammed? My Cautionary Tale For Stackers!

By BackyardBullion, 16/07/23
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WARNING - Up To £250,000 LOSS for a GOLD Investor - Was He Scammed? My Cautionary Tale For Stackers!

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I would have guessed Bullionbypost if not for the low turnover figures

Anyone who overcharges by an egregious amount is committing a morally reprehensible act. Nobody would say BBP are committing fraud by listing a product at £375 than can be bought at other dealers for £250 but in effect it's the same as the story you just told

The gentleman bought that 1 kilo James Bond coin and let's say it's worth the RRP of £65K. If he was charged £90K for it then as a % that's actually less of a mark-up than many items currently on sale at BBP. What makes it stand out is the magnitude of the figure, being over-charged by £25K on a single item

If you shopped exclusively at BBP, "The UK's #1 online bullion dealer", over several years buying gold and in particular silver, you would get ripped off by an even greater sum in both magnitude and mark up

If you're saying that gentleman got ripped off by the unnamed company then what are BBP doing? It's also legalised fraud IMHO. The guys at BBP offer a slick service but with margins as high as theirs they could hand deliver their items on a silver platter and still make a killing

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