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Report: #709408

Complaint Review: NBI Consultants & Jim Weisbrot - Hallendale Beach Florida

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  • Reported By: Witness — Miami Beach Florida United States of America
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  • NBI Consultants & Jim Weisbrot 1920 E Hallendale Beach Blvd, Hallendale Beach, FL Hallendale Beach, Florida United States of America

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I worked at this company until the scam was revealed through a coworkers customer who requested their gold to be delivered and Jim changed the story on the client telling them that they needed to buy at least $50,000.00 not $30,000.00 to get the actual metal.  It is the companies practice to tell every client that they are purchasing the actual metal and they can take possession of it at any time.  The value of gold had increased by around $70.00/ounce when the client requested possession of their metal and he did not give them that money and decreased what they should have gotten back by an additional $2000.00.

They also tell you that you will be able to move your position in and out of multiple currencies to take advantage of the fluctuation of the different economies but the math they present their figures with are wrong.  There could be money to be made by the concept if you had someone who was actively shifting your position from metal to cash on a regular basis or during the shifts in the market, and this is what they say they are doing, but that is not the case.  Your money is going into NBI's account, not a clearing firm, and Jim does not actively move any positions except for maybe his own.

Finally, the guy has a major marijuana habit and after being there for even a short period of time I would only trust him to rip people off and nothing more.

Find a company that at least puts your money in an actual clearing house and that is who you write your check out to.  Know that you have access to those funds, or take possession of the metal upon purchase.

There is nothing redeeming about this outfit.  Also check Jim's criminal background.  Precious metals is a great business and it is sad that people like this are fooling good people including myself for a short period of time.

 

This report was posted on Ripoff Report on 03/23/2011 02:58 PM and is a permanent record located here: https://www.ripoffreport.com/reports/nbi-consultants-jim-weisbrot/hallendale-beach-florida-/nbi-consultants-jim-weisbrot-the-company-does-not-buy-the-gold-and-they-will-rip-you-of-709408. 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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REBUTTALS & REPLIES:
0Author
3Consumer
7Employee/Owner

#10 REBUTTAL Individual responds

metal company NBI Consultants

AUTHOR: Mike - (United States of America)

POSTED: Friday, July 08, 2011

Investors usually buy precious metals for 3 reasons. First, as a hedge
against inflation. Secondly, as a "substitute currency-buying power
protector" when confidence in paper currencies are eroding. The third
reason is as "insurance" against the unseen catastrophe, disaster or
financial panic.   Like with all other asset classes, sound strategy equals to success in investing in precious metals! That why i choose NBI Consultants company!

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#9 REBUTTAL Individual responds

NBI Consultants positive experiences!

AUTHOR: Angel - (United States of America)

POSTED: Friday, July 08, 2011

Inside NBI Consultants you will find a wealth of information and
independent research reports to help you better understand as to why,
when and how to invest in precious metals market.

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#8 REBUTTAL Individual responds

feedback about NBI Consultants

AUTHOR: Tina - (United States of America)

POSTED: Friday, July 08, 2011

Once you have product in your possession, and you wish
to sell it, you may be asked to have the product re-assayed, at your
expense, prior to being given a Sale price. Generally, Assay costs are
charged as a percentage of product or product value. This will
ultimately reduce the amount you receive. There are also Security risks
involved in handling the product, such as theft, or loss. During the
time it takes you, once you have decided to sell your product, to
safely get it to a Buyer and lock in a price - the price may go down
and the price you receive may be significantly lower than when you made
your decision to sell. Finally - depending on the size of Bars you
have, you are limited to selling the entire Bar, when perhaps you would
prefer to sell only a portion of that Bar. Example: 1000 oz Bar must
be sold as a 1000 oz Bar. You cannot sell a portion of it and keep the
Balance.

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#7 UPDATE EX-employee responds

NBI Consultants & Jim, Hallendale Beach, Florida

AUTHOR: Andru - (United States of America)

POSTED: Friday, July 08, 2011

Precious Metals Have Been a Solid Hedge Against A
Declining U.S. Dollar. The value of the U.S. Dollar declined more than
30% from 2001 through 2004, plunging 5% in just a few weeks. For a long
list of reasons, including massive increases in U.S. government
deficits totaling trillions of dollars, the cost of a prolonged war
against terrorism and a massive trade imbalance, this trend may be just
the beginning. This means U.S. Dollars could now be worth less and
less every day, which also means that investments pegged to the U.S.
Dollar could be worth less and less every day. Gold, silver and
platinum, though, are held and traded throughout the world . . . and
their true value (that is, their purchasing power) is not solely or
directly dependent on the falling fortunes of the U.S. Dollar. Precious
metals, therefore, can be a form of protection against a falling U.S.
Dollar. As demonstrated during 2003 and 2004, as the value of the U.S.
Dollar declined, gold and silver prices and the value of precious
metals expressed in dollars increased. Precious
Metals Have Been a Proven Safe-Haven in Times of War, Political Strife
and Uncertainty. Today's financial markets are increasingly at risk
from terrorism, political instability and war. As we saw so clearly
after the 9/11 tragedy, financial markets can be closed down, and
remain closed down, for extended periods of time. As terrorism
incidents continue to increase around the world, it is not unreasonable
to expect further (and potentially more severe) disruptions in
financial markets, banking and commerce in the future. Whenever and
wherever tension or hostilities break out, people everywhere quite
naturally gravitate toward the assets they trust most. And today, even
in our high-tech driven 21st century, the asset class millions rely on
in times of trouble is gold and silver. Precious metals have always
been, and likely will continue to be, a valued form of "wealth
insurance" in good times and bad. Precious
Metals Can Offer Outstanding Price Appreciation and Profit Potential.
After the infamous stock market "bubble" debacle in early 2000 wiped
out trillions of dollars of investor equity, the major stock indices
have failed to return to anywhere close to their previous highs. Gold
and silver prices, on the other hand, have increased dramatically -
more than 40% - during that same time period. Which means precious
metals may produce impressive investment returns even when (and
sometimes, especially when) returns from stock, bond and other paper
investments decline in value or evaporate completely. And many
financial experts have predicted and continue to forecast rising gold,
silver and platinum prices in the months and years ahead.

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#6 REBUTTAL Individual responds

NBI Consultants is my choice!

AUTHOR: Paul - (United States of America)

POSTED: Friday, July 08, 2011

NBI Consultants offers a dynamic environment where product innovation and relationship management take precedence.

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#5 UPDATE EX-employee responds

NBI Consultants is a one of the best employer!

AUTHOR: Jhon - (United States of America)

POSTED: Friday, July 08, 2011

NBI Consultants commitment to customer service is unparallel while

personal recognition of its clients is of outmost importance.

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#4 REBUTTAL Individual responds

NBI Consultants gereat company!!!

AUTHOR: Frank - (United States of America)

POSTED: Friday, July 08, 2011

NBI Consultants provides real time quotes and charts, and online research studies on precious metals.

NBI provides full confidentiality of transactions and complete privacy.

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#3 UPDATE Employee

NBI Consultants Emploee review

AUTHOR: Jeff - (United States of America)

POSTED: Friday, July 08, 2011

Whether you are looking to take advantage of the booming precious
metals market or to potentially protect your wealth and secure your
financial future with precious metals portfolio diversification, NBI
Consultants is here to assist you in navigation of precious metals
market.

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#2 REBUTTAL Individual responds

nbi consultants

AUTHOR: Tom - (United States of America)

POSTED: Friday, July 08, 2011

Capitalizing on opportunities presented by the internet revolution and
in anticipation of evolution of the sophisticated investor seen today,
NBI Consultants has created a niche in the marketplace by offering
one-stop solution - combined with world-class research - to the seasoned
and first time investor alike, to take advantage of booming precious
metals market.

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#1 REBUTTAL Individual responds

NBI Consultants

AUTHOR: Alex - (United States of America)

POSTED: Friday, July 08, 2011

NBI Consultants offers some of the most competitive prices available to
individual investors and institutions alike across the continental U.S.,
Canada, and other international markets.

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