So this Numis Network sells gold and silver coins to unsuspecting buyers as an “investment.” The hook is that these “investors” aren’t taking a risk since they company will give the buyers a full refund if they can’t sell the coins within 5 years! Sounds great! … You know, as long as gold and silver keep climbing in value. I’m giving the creators some credit on this one – this is a pretty good idea. Wait for the gold/silver bubble to inflate then disappear when it pops. Morons like the one in the video below purchase these trinkets for more than what the thing is worth in the first place:
As long as the bubble is growing, people can sell the product back and it’s effectively accruing interest. When the bubble pops (or the company inevitably/mysteriously disappears), I would LOVE to hear how many people are able to get their refund checks. Textbook Ponzi scheme – well, maybe. People invest in the company and the company doesn’t really have the capital, you get the gist. Technicalities aside, I think we all know where this scam’s headed.