• Report: #611222

Complaint Review: Superior Gold Group

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  • Submitted: Mon, June 07, 2010
  • Updated: Mon, June 07, 2010

  • Reported By: Dave — st albans West Virginia United States of America
Superior Gold Group
233 Wilshire Blvd., Ste 400 Santa Monica, California United States of America

Superior Gold Group Carl Lacy did not produce gold bought as promised Santa Monica, California

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My wife and I wanted to move our IRA accounts from stock to gold, we cashed in our stock and sent Superior Gold money to buy gold in December of '08 and January of '09.

We then waited for over a year for the gold to be transferred to our holding accounts at Sterling Trust Company, which was recommended to us by Superior Gold and should be considered a co-conspiritor.

When the precious metals were finally delivered to Sterling Trust, the value of my wife's account was 15% less than the original amount of cash, and my account was short by a similar amount.

Superior Gold informed us then that there was a 30% fee charged to our accounts for purchasing the precious metals; and that if they bought the metals back from our accounts there would be another 30% fee.

We could have left our cash in a saving account at a local bank drawing 1/2% interest and been better off.

All the while we were waiting for the precious metals to be transferred to our accounts, Carl Lacy, our Superior Gold representative kept telling us how great our investments were doing, that gold had gone up so much that our accounts had doubled and more in the year we were waiting.

I would advise anyone and everyone to stay away from Superior Gold Group and Sterling Trust Company.

Dave, St Albans, West Virginia

This report was posted on Ripoff Report on 06/07/2010 01:00 PM and is a permanent record located here: http://www.ripoffreport.com/r/Superior-Gold-Group/Santa-Monica-California-90401/Superior-Gold-Group-Carl-Lacy-did-not-produce-gold-bought-as-promised-Santa-Monica-Calif-611222. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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