Mike Fuljenz, a universal coin and bullion expert from Beaumont, Texas, says that gold’s universal appeal as an object of great value lulls potential coin and bullion buyers into thinking that anything “layered” in gold must be worth a substantial premium. This is especially true when the pitchmen say their coins are richly layered in 24-karat gold – meaning they are attached on the surface with a pure precious metal film.

Many companies go overboard in ads and commercials extolling their products – laying it on too thick, so to speak. When it comes to layered gold, however, advertisers “lay it on” too thin – and their customers would be better off if these devious businesses didn’t lay it on at all.

After all, gold is easily hammered into a sheet so thin that a single ounce of gold can cover more than 100 square feet -- a super-sized 10 feet by 10 feet sheet -- capable of covering thousands of coins with a microscopic layer of gold.

Jerry Jordan
News Editor

Another out-of-state gold buying company has set-up shop in a local hotel in hopes of separating local citizens from their valuable gold, silver and collectible items.

This week, GoldRush took out a full-page advertisement in the Beaumont Enterprise announcing "Top Dollar Paid" on items brought to its sale at the Hilton Garden Inn. But just like three previous companies that have come through town promising big payouts but offering pennies on the dollar, GoldRush was right on cue.

On Tuesday, The Examiner brought in its entire supply of coins, scrap gold and bullion - valued at more than $43,000 - and was offered $11,600, or about 25 cents on the dollar.

Traveling buyer’s promises of ‘top dollar’ for precious metals not kept

By Jerry Jordan - News Editor
with permission The Examiner - Beaumont, TX

With full-page ads disguised as legitimate news articles in newspapers across the country, coupled with live promotions on local radio stations promising to pay "top dollar" for unwanted gold and silver, an Illinois-based company has returned to Beaumont but is paying only a small fraction of the actual value of precious metals and other items, a month-long investigation by The Examiner has found.

The newspaper began looking into Treasure Hunters Roadshow (THR), also known as Ohio Valley Gold and Silver Refinery...

Read more...