Complaint Review: Blanchard and Company - New Orleans Louisiana
- Blanchard and Company 909 Poydras St New Orleans, Louisiana USA
- Phone: 800-880-4653
- Web: www.blanchardgold.com
- Category: Miscellaneous Companies
Blanchard and Company Took me to the cleaners New Orleans Louisiana
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I am a sophisticated investor for stocks and bonds. When I bought gold from blanchard, the rep told me I should have rare coins, and placed me in a set. One of the coins cost $46,854.00.00. There was also a variety of non-rare coins, and some gold bars I specificaly asked for.
There is a buyback guarantee with this company. But wait 'til you see the buyback.
Two and a half years later, I asked for a price on the coin mentioned above, the rep quoted me $29,500.00, a 17,354 haircut.
Since I needed the cash, i sold it back, along with some gold coins at about a 13% HAIRCUT.
I'm waiting for gold prices to reach a level I had pre-set to myself at time of purchase. In the meantime, I'm afraid the value of the so called rare coins will bu such a loss that I'm going to leave them to my children and let them sell it to a neumastist.
No more business for Blanchard, which boasts of being the lowest price, highest quality gold dealer.
This report was posted on Ripoff Report on 04/12/2017 06:57 AM and is a permanent record located here: https://www.ripoffreport.com/reports/blanchard-and-company/new-orleans-louisiana-70112/blanchard-and-company-took-me-to-the-cleaners-new-orleans-louisiana-1367255. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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