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Report: #1315752

Complaint Review: Gold Silver Group - Culver City California

  • Submitted:
  • Updated:
  • Reported By: Brett E — Walden New York USA
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  • Gold Silver Group 300 Corporate Pointe, Suite 320 Culver City, California USA

Gold Silver Group Rick Dougherty DO NOT CALL OR DO BUSINESS WITH THIS GROUP! STAY AWAY! Culver City California

*Author of original report: resolved

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 I heard the ads on tv and the radio for "Home Storage IRA's" and called Gold Silver 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 DO NOT USE GOLD SILVER GROUP!! I was grossly overcharged for the metal by Gold Silver 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. Rick Dougherty and 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? 7/6/2016 UPDATE Rick Dougherty offered me 152,000 for the 200,000 I spent and the price of gold and silver have gone up significantly, (silver 35%)and gold over 200/oz since I bought. 7/7/2016 UPDATE Rick Dougherty through his people now offered me 174K, I told them I do not want them to "BUY BACK" the metals. I want them to send a currior to take back the metal and issue a full refund. They then e-mailed me to expect the owner of Gold Silver Group to call 7/8/2016. I e mailed that I have been talking with you people since last week and do not need a call,,,, I just need metals picked up and full refund issued immediately... probably too soon for a reply but will edit their reply asap.....

 

Brett

 

New York

This report was posted on Ripoff Report on 07/08/2016 10:26 AM and is a permanent record located here: https://www.ripoffreport.com/reports/gold-silver-group/culver-city-california-90230/gold-silver-group-rick-dougherty-do-not-call-or-do-business-with-this-group-stay-away-c-1315752. 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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#1 Author of original report

resolved

AUTHOR: - ()

POSTED: Wednesday, August 10, 2016

resolved

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