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  • Report:  #371824

Complaint Review: Global Bullion Exchange

Global Bullion Exchange global bullion , high commissions, high fees, buy high, sell low until your money is gone Lake Worth Florida

  • Reported By:
    santa monica California
  • Submitted:
    Thu, September 11, 2008
  • Updated:
    Mon, November 30, 2009
  • Global Bullion Exchange
    2328 10th Ave Suite 302
    Lake Worth, Florida
    U.S.A.
  • Phone:
    866-608 2244
  • Category:

I invested in silver. my first investment went up, and looked promising. I invested more. the commission on a 24000 dollar investment was 15000 . I called and got the run around . Silver went up and I was showing 42,000 balance. try to sell and you get the hard sell. dont sell now its going a lot higher! It went lower. margin calls and "interest charged " . after 5 months of buy high and sell low my 30,000 is now worth 1970.00 and I cant even get that. I reccomend you stay away from these parasites.

Ghost of fernwood
santa monica, California
U.S.A.

7 Updates & Rebuttals


TobeyFrog

Iowa,
USA

no surprise here either

#8Consumer Comment

Mon, November 30, 2009

As i stated in another report, i lost all of the money that i invested with these people. not only did they force me to make poor invest choices, they also put up a fight when i wanted to sell(before i lost everything!) scam!!


DeanWhitaker

Alabama,
USA

WHAT A RIPOFF!!!!!!!

#8Consumer Comment

Tue, November 24, 2009

i cant believe that i tried this crap. this is ridiculous. after investing over $10,000 in this company's metals, they disconnected their phone number and deleted my login ID for their online investing tool. MY MONEY IS GONE!!!!


yourstruly

Colorado,
USA

hard sell?

#8Consumer Comment

Sat, November 21, 2009

I have several investments with this company. I've never been given a "hard sell," and they have let me take physical possession whenever I wanted. What do you mean you called and "got the run around?" How could they give you a run around on your investment? That doesn't make sense to me and I think that this report is misleading.

As I said, I have worked with this company several times and they have not steered me wrong. <meta name="robots" content="noindex, nofollow"> "Buy High and Sell Low" is exactly what you do not want to do in this business! This guy does not know what he's talking about - if I believed that this report was real, it wouldn't be a surprise to me that this person lost money if he's using that technique.

Please disregard this individual's report and make your own informed decision!


DrinkThis

Massachusetts,
USA

no problems here - not sure of the validity of these statements.

#8Consumer Comment

Sat, November 21, 2009

sold my gold investment for a very nice profit. this company did right by me!


jordan

Almonte,
Ontario,
Canada

Gold Scam

#8Consumer Comment

Sun, October 25, 2009

These guys had told me they would pay $16 per OUNCE of gold, so I sent in 3lbs (making them owe roughly $770) - I got a check in the mail 2 weeks later for $432.65.. I called their corporate number and spoke with a "Brent Farrel" who informed me that I had only sent in 2lbs (not 3) and that is why the amount is what it is. Even if that were true, they would owe $512 NOT $432... After getting off the phone that day, they will not return my emails (when I call the corporate number back, I get a busy signal).. This company is a MAJOR SCAM, BUYERS BEWARE!


Xsequity

NPB,
Florida,
U.S.A.

1 Happy Client...

#8Consumer Comment

Tue, November 18, 2008

My experienced broker lead me in the right direction right out of the gates! We were buyin @ $8-$11oz on SILVER, and sold @ over $19-$21oz! And here we are 16 months later, and every penny that I've sent in has been returned to me, I'm still sitting with over half my original position still in the market, and a very healthy amount of gold for show at the house. I'd say I'm beyond satisfied!


Global Bullion Exchange, Llc

Lake Worth,
Florida,
U.S.A.

Global Bullion Exchange, LLC

#8UPDATE Employee

Fri, October 10, 2008

It is unfortunate that this client feels the way they do. Every effort is made by Global Bullion Exchange, LLC to insure each client's account is properly handled and any client issues are resolved immediately. Unfortunately though as with every investment, there is always the potential the client could make or lose money as nothing is ever guaranteed. Global Bullion Exchange, LLC only handles non-discretionary accounts, so if the market turns and the client is unreachable, we are unable to place a sell on their account. This prevents a client from being churned simply to generate a commission. Because of this, our brokers stay in constant contact weekly with all existing clients and it is the client's responsibility to work with their broker in managing the account. While we do earn a commission for our work, it is a set one-time fee which allows unlimited trading of their current metal position for the life of the account. This saves the client a large sum of money as each account will have numerous buy and sell transactions. To the poster, the Ghost of Fernwood; We sincerely regret that you had any concerns with our company and would like to be given the chance to rectify the situation if possible as well as explain what our total commissions were as there seems to be a misunderstanding. Please contact us at your earliest convenience.

Regards,

Adam King
Director of Client Management
Global Bullion Exchange, LLC
kinga@gogbx.com

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