World Reserve Monetary Exchange - Vault Brick Scam

29 of 198 World Reserve Monetary Exchange reviews

Not sure how many people read the paper these days...but today in the Bourbonnais, Illinois Daily Journal a story line caught my eye...'IL residents snap up U.S.State Silver Bars'.

Promise to a free silver bar and discounted rates on "vault bricks" essentially a vault brick is 6 troy ounces (e.g. 6 silver bars). Total cost would be $299 after shipping for 6 troy ounces (nearly $50.00 per T/oz).

Silver is trading at $16.32 and has been as low as $15.32 in recent weeks...as high as $17.25.Deception at your expense.

This review is a subjective opinion of a user.
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Product or service
Silver Bar
Review category
Financial Services
review #559698
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29 of 198 World Reserve Monetary Exchange reviews
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JQ

Nov 17, 2015 #1065053 Warminster, Pennsylvania, United States

Thanks for posting. Ad is very deceptive and confusing. These
"bars" are grossly overpriced. You can get 1 oz. silver American Eagles for a dollar or two over spot silver ($13.70/oz), ie much less than $20.

0 0 Reply
Anonymous

Aug 20, 2015 #1022112

Thank you. Had started to do the research and it just didn't add up. Again, thank you for this article.

1 0 Reply
Bunk

Aug 02, 2015 #1014933

I THINK I GOT CAUGHT IN THE SILVER BAR SCAM ON JULY 24TH 24th, 2015 ADVERTISED IN THE SARASOTA HERALD TRIBUNE. AT THE SUM OF $618.00. They sent me an e-mail supposedly affirming it on July 28th. I found your warning today, Aug.2, 2015. I am calling my credit card company now to see if it went through. I hope not. A. E Incze. e-mail- ashleyo1946@aol.com

0 0 Reply
MWSC

Dec 01, 2014 #909262 Greenville, South Carolina, United States

From a retail pricing standpoint the pricing is fair. I like silver bars and called to find out if there was a set of 50. There is...if you buy that they are $39 each. So not out of line retail wise for 1 ounce of silver. These are probably lower volume than a bullion piece.

0 5 Reply
ALS 70

Mar 19, 2015 #960949 Cary, North Carolina, United States

Reputable companies sell for just a couple of percent over spot. I just purchased silver bars for $18 an ounce which included shipping.
This is way out of line. Quite simply rip off, if you are *** enough to fall for it.

5 0 Reply
Anonymous

Apr 03 #1138415

You can't compare pricing of retail ingots etc to other bullion items. Yeah they are a bit expensive not to have any sculpted design on them...but still the markup is in line with items one would buy at any big box retailer.

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