RED ALERT!!——DO NOT CALL OR DO BUSINESS WITH THIS GROUP!!——-STAY AWAY!!!! | I heard the ads on tv and the radio for “Home Storage IRA’s” and called GoldSilver Group. The process of opening the account went well. They use a company called Madison Trust for the paperwork and Madison Trust did a good job for me. I would recommend Madison Trust for the IRA set up. However, when it came time to buy my gold and silver I was grossly overcharged for the metal by GoldSilver Group…over a 40% mark up! I am a disabled person who was forced out of my job and the only monies I have to keep me going are my retirement funds. DO NOT USE GOLD SILVER GROUP!! Rick Dougherty and GoldSilver Group took nearly half of my retirement money for their commissions! Gold will have to hit $2000 or more per ounce before I break even! Meanwhile my money is gone. When i called Rick Dougherty and his son Joe about how they ripped me off, they didn’t want to talk to me. STAY AWAY FROM THEM! I am now forced to contact the CA state attorney to engage in a legal battle for my money. When I looked up these people at Gold Silver Group I found out that the sales people there (Rick and others) were from Merit and/or Goldline. Both of those company’s had the same problems and Merit was actually shut down for this type of business practice, Goldline was fined millions of dollars… Guess the apples don’t fall too far from the tree..especially the rotten ones. DO NOT CALL OR DO BUSINESS WITH THIS GROUP!! STAY AWAY! | PS–has anybody else had similiar issues?
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This complaint and/or review was posted on Skeptic Files on 10:29 am, April 08, 2019 (CST) and is a permanent record located at: https://www.skepticfiles.org/scam/gold-silver-group/.
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Sharita Turkowski
On May 11 of 2016 my wife moved $10.564.79 of paper assets IRA over to Gold Silver Group. Luji Shofu was the account rep. He called to say he would call ahead of time to review the transfer of paper assets over to silver. He never made the call and elected on his own to purchase 24 each of 1/2 oz. $2 Candian Calgary Stampede Silver coins and 210 each of 1.5 oz. silver polar bear coins. The value of the coins once depostied were $5,550 when vauted at Equity Institute. So immedialtey we were concered about the value loss. Luji assured us that the coins market value would equal the amount of paper assets. This was a lie as of this weeks sale the coins went for total of $5,836.32. So in a years time my wife lost $4,728.47 dollars from the investment. Luji Shofu is a crook and Gold Silver Group is as crooked for hiring this shyster to rip hard working people off to the tune that this scoundrel managed to fleece us. If you are a consumer DO NOT buy from Gold Silver Group, DO NOT buy from a new company called 401K Gold Group which Luji Shofu is the CEO. Stay away from these very bad people who resort to all sorts of lies and deceptions to take your hard earned money from you.