Didnt another member here have a problem with this or another company in the UK recently?
It was posted in the gold section and he sold gold to a company and they didnt settle the account for some time claiming the police had siezed the gold or something.
Maybe silver stackers needs a new section for members to post about who is having trouble filling orders or making excusses.
Im sure as we go into a shortage of deliverable PMs in the future, there will be more companies trying to string people along to keep money coming in the door so that they can stay afloat, while stretching out the delivery or settlement date.
IMO, settlement of monies shouldnt be more then 5 days tops. Must banks tie the money up for 3 days (and trade with it in that time) and allowing 1 day for the company to do their internal paper work, so 4 days after selling your PMs, you should have the cash back in your account.
As for buying PMs, if they are telling you it is in stock, then it needs to be in stock!
My last purchase took 5 weeks from when I paid money and I had no problem with that as the company had clearly told me of the delay with delivery BEFORE I transfered the money.
I think most people wouldnt have a problem with delays as long as you are advised prior to transaction and there is transperancy.
Did you have anything in writting, email etc?
Is there a paper trail of the transfer of the cash? Bank transfer records?
If so, hold them to the deal/contract to sell you the metal at the price both parties agreed on!