First hint that bullion gold vaults will be empty?

amcluesent

Crown Currency failure may have Golden sister

"Mayfair and Grant, whose shareholders are also Peter and Susan Benstead of Hayle in Cornwall, same as Crown Currency.

This company sells small amounts of gold at amazing prices which they sell online and store for you on their premises...I would not be very happy if I had put money there recently. I wonder when we will find out how much Gold is in the vaults? Not surprising schemers like this pick on areas where retail punters are getting lured into a toppy bull market."

FACT - Unless you have good possession, bullion isn't worth anything.

Reaper

From their gold website:

"Take advantage of our unique forward selling rates by purchasing your gold now for delivery later"

Sound familiar?

getzegold

I hope they won't have to go into the open market to buy the gold they claim to have, not with forecats lfrom the china daily: $10,000 gold? Maybe it's a massive shorting op, going badly wrong

Loughton_Monkey

Reaper wrote: »

From their gold website:

"Take advantage of our unique forward selling rates by purchasing your gold now for delivery later"

Sound familiar?

"With our unique links to the financial and currency markets...."

Unique is probably the word!

Grumpelstiltskin

Wispers are that Mayfair and Grant have gone into administration today.

Asheron

foolish people have Paper Gold and Silver

Loughton_Monkey

Asheron wrote: »

foolish people have Paper Gold and Silver

But they are not as foolish as those who believe that their gold is in some depositary.

PasturesNew

Buy gold bars.... get some material and fashion it into a cr4p looking cat shaped doorstop. Wrap the gold up in newspaper, slip it into your new cat shaped doorstop. Sorted.

http://www.dibor.co.uk/images/prod/P212.jpg

I did "wonder" about the gold reserves supposedly held when I first heard Crown Currency had gone under and spotted they sold gold too.

shaun_from_Africa

slip it into your new cat shaped doorstop. Sorted.

http://www.whitbygazette.co.uk/news/local/doorstop_stolen_from_display_1_1879944