Posted on 03/03/2014 1:41:20 PM PST by pterional
March 3, 2014 3:45PM As we predicted/requested on Friday, The Tulving Company has gone out of business, as of Monday morning. They are no longer answering their phones, and we have reliable information confirming that they are ceasing operations. This page will be updated as more information comes in.
There is a lot of information on our old page about The Tulving Company.
We hope to update this page with information about what will happen next. At this point, our best guess is that The Tulving Company will file for bankruptcy. Unfortunately, we believe that there will be little in the way of available assets with which to compensate those whose orders were not fulfilled.
I don’t think I’d send money to a precious metals company if their address is a P.O. Box. I’d want to know there’s an actual storefront where I could take delivery in person if I so chose. Here’s my money, hand me my gold and/or silver, thank you very much, bye.
Just a footnote.
The vast majority of “Gold/Silver dealers” are headquartered in Orange County Ca.
This is/was also the location of the vast majority of “Sub-prime mortgage” lenders.
I have learned to always question companies that are based in either Orange county or Las Vegas.
I should also add, software companies based in Salt Lake City.
If you buy and/or sell precious metals from someone you can’t see and never met, I have some “sterling silver” nails to sell you.
Thanks for the info.
Amazing, how our worthless AG and his thugs ignore incidents like this while worrying about trans gender bathrooms.
Also, MoonBeam, our governor in Californicator Land seems to ignore these activities.
Yes indeed!
Step right up folks...We are having a Sale on Silver for today only!
Just send Mr. Redwoods $20 per troy ounce of silver you wish to purchase, and myself a small $2 per troy ounce storage fee and you won't have to worry about the danger of storing valuable precious metals in your own home which could be confiscated by the government at any time!
“It was a terrible company people kept sending large amounts of money to, stupidly, really.”
It is amazing to me how people who get conned, often continue to funnel money into the Ponzi games until they go broke and close their doors.
To be clear.
I’m not saying that all these companies are full of crooks.
What I have found is that when there is a concentration of similar companies in a geographic area, there is a greater propensity for fraud.
It isn't surprising to me at all. A real Ponzi games (this I don't think was one) continues by fulfilling some of the orders, particularly conspicuous ones: "I had no problem -- wired them $125,000 and received my order within 48 hours and by armored truck".
I have seen hundreds of postings about Tulving over the years. Like I say, I don't really think it was intended to be a Ponzi a la Bernie Madoff but certain aspects of the operation could have evolved in that direction, partly because of actual product shortages in the industry.
They are all going to be in Denver soon.
There are some “Hard Core” sales people that can sell virtually anything.
I know these guys. They are very very good. And they only care about getting their money.
They are predictable and always carry themselves in a similar way.
Why folks continue to buy their crap is beyond me.
Kinda like Bitcoin. ;^)
“There are some “Hard Core” sales people that can sell virtually anything.
I know these guys. They are very very good.”
They are not usually good, they simple find easy, feeble minded, marks. 99 of 100 people would walk away, but they count on the 1 in 100 to be stupid enough to be pressured into buying.
Ping
The Barnacle Brothers will sell you a pound of silver for $0.99, if you get there before the store closes.
Opps, too late.
I would say they get at least 10 out of 100.
If they are presenting to a group ?
It’s more like 25 to 30%.
They can use the group dynamic of peer pressure and a few “shills” to get those numbers.
It’s extraordinary to watch.
Oh, you mean you might expect the poster to explain the reason for his post? How silly of you! That simply isn't done at FR.
One posts some obscure, inside-baseball thing and retires to his brandy. [I don't get it, either].
I did business with them years ago buying gold and silver coins and never had a problem. Too bad.
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