- Report: #1367255
Complaint Review: Blanchard and Company - New Orleans Louisiana
Reported By:
anonymous -
Roaring Gap, North Carolina, USA
Submitted:
Updated:
-
Author Not Confirmed
Why?
Blanchard and Company
909 Poydras St New Orleans, 70112 Louisiana, USA
Phone:
800-880-4653
Web:
www.blanchardgold.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Blanchard and Company Took me to the cleaners New Orleans Louisiana
I am a sophisticated investor for stocks and bonds. When I bought gold from blanchard, the rep told me I should have rare coins, and placed me in a set. One of the coins cost $46,854.00.00. There was also a variety of non-rare coins, and some gold bars I specificaly asked for.
There is a buyback guarantee with this company. But wait 'til you see the buyback.
Two and a half years later, I asked for a price on the coin mentioned above, the rep quoted me $29,500.00, a 17,354 haircut.
Since I needed the cash, i sold it back, along with some gold coins at about a 13% HAIRCUT.
I'm waiting for gold prices to reach a level I had pre-set to myself at time of purchase. In the meantime, I'm afraid the value of the so called rare coins will bu such a loss that I'm going to leave them to my children and let them sell it to a neumastist.
No more business for Blanchard, which boasts of being the lowest price, highest quality gold dealer.
