[ctdonath2]

So whither the “scam”? Why is this any different from buying gold bullion of the same weight?

[Attention Surplus Disorder]

Well, they are positively overcharging for bullion. But it’s not illegal, AFAIK, to charge someone more than the market price for a slug of .999 silver.

The scam(s) is/are: “we can’t ship what you’ve paid us for and we lost our records of your order”; “we’re fighting for honest [paper] currency backed by precious metals”. And the whole paper money aspect of the thing is miles beyond bogus.

[wideawake]

So whither the “scam”?

You probably mean "whence."

The scam is that he was selling $759.40 of gold for $1000, $13.82 of silver for $20 and 24 cents of copper for $1 dollar while simultaneously claiming that these coins were exchangeable "dollar-for-dollar" with legal tender currency.

If that isn't a scam, I'm not sure what is.

[sfvgto]

whither the “scam”?

because now they all of a sudden have no assets and if you want your money back you have to get it from the “other guys”