The truth behind being a Royal Silver Mint member.
- Thread starter Dusty
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unfunkable
Active Member
after i saw stellas utube vid about it ages ago, i thought what a load of rubbish ...
looks like my 1 oz may be safe
looks like my 1 oz may be safe
Hmm...I don't want to say it but it smells like a silver Ponzi scheme...
...financing previous orders with new money (new orders) and so on...
This scheme fails as soon as new investment, in this case orders, are less than the pending payments/orders.
I hope I'm wrong but if the company has the finances, then there's no reason for these type of delays and lack of communications.
...financing previous orders with new money (new orders) and so on...
This scheme fails as soon as new investment, in this case orders, are less than the pending payments/orders.
I hope I'm wrong but if the company has the finances, then there's no reason for these type of delays and lack of communications.
Dusty said:
No, I got mine through Maggie and she is still waiting also :/
SS77
@Dusty...What will you do if your refund doesnt arrive on the 15th?
Would appreciate if comments like fraud and scam could be left out of this thread, and Royal Silver Company be given the opportunity to resolve this within the agreed time frame with Dusty.
PLEASE NOTE
I am here 16 hours a day 7 days a week, I am always available to answer any messages I receive, even when they are ones you don't want to hear. I do not discuss my business with any one or yours to anyone so please try to repay me with the same respect.
I have never let anyone down, nor will I.
Regards Maggie
Edit Thank you Dusty. I am respectful of Dusty's situation as he has always been of mine.
I am here 16 hours a day 7 days a week, I am always available to answer any messages I receive, even when they are ones you don't want to hear. I do not discuss my business with any one or yours to anyone so please try to repay me with the same respect.
I have never let anyone down, nor will I.
Regards Maggie
Edit Thank you Dusty. I am respectful of Dusty's situation as he has always been of mine.
I don't understand the whole coin thingo however it seems bizzare that so many have been sucked into this scheme .
Surely a guy that makes coins in Bolivia in a mint that no one has ever seen would suggest that it's Dodgy.
I feel somewhat sorry for Dusty as he has done his dough.However why did smart people on this forum go for this in the first place?
Surely a guy that makes coins in Bolivia in a mint that no one has ever seen would suggest that it's Dodgy.
I feel somewhat sorry for Dusty as he has done his dough.However why did smart people on this forum go for this in the first place?
Photonaware
Active Member
As an outsider to this thread with no prior knowledge of RSM or interest ( financial ) I have just finished reading ALL of the posts as I was interested to see if there was a good ending. It has taken all of my spare time tonight though.
My personal observations are that the RSM is likely struggling with cash flow and also with technical production.
They established a business in a very challenging environment with plant and personnel issues that the modern West cannot compare.
They are attempting to produce something unique and maybe have over-estimated their capabilities.
They have a goal and are doing their best to achieve perfection.
However, as a young developing business they must ensure their customers are treated with respect and full transparency.
No-one I believe is inferring dishonesty, but must be thinking that, and judging by the poor communications, for which I see no excuse whatsoever, accurate information relating to firm orders, payments and shipments has to be a priority.
I also see that there is more concern about inaccurate data or no data rather than disappointing data w.r.t. long overdue shipdates.
Using an excuse of lack of English is unacceptable as Spanish would suffice in the absence of English speaking personnel in the plant.
There are enough translation packages / software that would give customers a reasonable translation.
There are now bad reports on the web that will discourage new business and will be seriously damaging, globally, for a start-up company.
If it is true that all orders have been fullfilled and problems resolved ( eventually ) then RSM doesn't want this thread to continue BUT anyone who has made a substantial investment must be priority and if cash has to be refunded then it has to be top of their "to do" list.
Companies requiring up front investment / prepayment definitely have issues with their banks or investors but that doesn't mean they are bad companies.
It does however pose a real risk if the company cannot stay afloat for reasons outside of its immediate control. Corrupt officials in some countries can kill a business by delaying approvals, block shipments in and out or apply unfair practices. Who can tell if there are local problems that cannot be mentioned ?
I fully sympathise with those who are worried about the prospects of losing thousands of dollars.
I sincerely hope that this doesn't happen.
Investing in start-ups in Emerging Economies will always carry a huge degree of risk so is not for everyone.
Who could have seen the collapse of Lehmann, an AAA rated USA / international bank ?
Unfortunately nothing is guaranteed and there are risks everywhere but many things do eventually sort themselves out with patience.
Just wanted to say my piece for what it's worth to give hope to both sides.
My personal observations are that the RSM is likely struggling with cash flow and also with technical production.
They established a business in a very challenging environment with plant and personnel issues that the modern West cannot compare.
They are attempting to produce something unique and maybe have over-estimated their capabilities.
They have a goal and are doing their best to achieve perfection.
However, as a young developing business they must ensure their customers are treated with respect and full transparency.
No-one I believe is inferring dishonesty, but must be thinking that, and judging by the poor communications, for which I see no excuse whatsoever, accurate information relating to firm orders, payments and shipments has to be a priority.
I also see that there is more concern about inaccurate data or no data rather than disappointing data w.r.t. long overdue shipdates.
Using an excuse of lack of English is unacceptable as Spanish would suffice in the absence of English speaking personnel in the plant.
There are enough translation packages / software that would give customers a reasonable translation.
There are now bad reports on the web that will discourage new business and will be seriously damaging, globally, for a start-up company.
If it is true that all orders have been fullfilled and problems resolved ( eventually ) then RSM doesn't want this thread to continue BUT anyone who has made a substantial investment must be priority and if cash has to be refunded then it has to be top of their "to do" list.
Companies requiring up front investment / prepayment definitely have issues with their banks or investors but that doesn't mean they are bad companies.
It does however pose a real risk if the company cannot stay afloat for reasons outside of its immediate control. Corrupt officials in some countries can kill a business by delaying approvals, block shipments in and out or apply unfair practices. Who can tell if there are local problems that cannot be mentioned ?
I fully sympathise with those who are worried about the prospects of losing thousands of dollars.
I sincerely hope that this doesn't happen.
Investing in start-ups in Emerging Economies will always carry a huge degree of risk so is not for everyone.
Who could have seen the collapse of Lehmann, an AAA rated USA / international bank ?
Unfortunately nothing is guaranteed and there are risks everywhere but many things do eventually sort themselves out with patience.
Just wanted to say my piece for what it's worth to give hope to both sides.
As others before me have said, this is a good case of risk vs reward.
I seriously contemplated buying a membership, but ended up putting the same amount into a punting club.
I figured my money was safer in the punting club.
Good luck to those who have invested their hard-earned.
I seriously contemplated buying a membership, but ended up putting the same amount into a punting club.
I figured my money was safer in the punting club.
Good luck to those who have invested their hard-earned.
As much I like the coins . I pass on the snakes .The delivery time is .....................
Would only buy if they are in the hands of members of RSC ( like Dusty ) who sell cheaply to the stackers .
Buzz in few minutes most of the time .
I am watching how RSC gonna resolve this issue . The clock is ticking ..
Good luck Dusty.
Would only buy if they are in the hands of members of RSC ( like Dusty ) who sell cheaply to the stackers .
Buzz in few minutes most of the time .
I am watching how RSC gonna resolve this issue . The clock is ticking ..
Good luck Dusty.
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