Tulving's in trouble again

[neilgin1]

Gold-coin investors feel shined on by Newport firm
A military vet is one of hundreds waiting on coins ordered from The Tulving Co. in Newport Beach.

Military veteran Dean Marzano – leery of stock and bond investments – decided in mid-October to sink $39,000 of his savings in gold.

He settled on 30 ounces of American Eagle coins from The Tulving Co. in Newport Beach, which promised the shipment would arrive within seven days. Nearly four months have passed, and the San Diego resident says his order is still nowhere in sight.

“I'm running out of options,” he said. “I got ahold of the shipping lady, and she says ‘I don't know what to tell you. Every day, I put in the orders and the owner chooses who he wants to send purchases to. I don't know what else to tell you.'”

Marzano, 40, is not alone. Consumers across the country have reported late or missing shipments of rare silver and gold coins purchased from the Orange County precious-metals dealer. Clients say they have lost tens of thousands of dollars in investments, prompting some to take the company to court.

rest of the article: http://www.ocregister.com/articles/coin ... -gold.html

[68Camaro]

Saw that yesterday, meant to comment on it but lost track. Thanks for remembering and following through. I wasn't fully familiar with all the past troubles but I had heard of prior issues, and I just had a slimy feeling from him and never felt comfortable - so I stayed away. Now I know why. I feel sorry for the people that were caught out; hopefully that wasn't their full wad, but due diligence remains the name of the game in any transaction.

[inflationhawk]

Yeah, I was unaware of this place's history. It just goes to show you can't just find the absolute lowest cost provider and think you've found a great deal. Sometimes paying up a little for security and piece of mind is well worth it.

[Country]

This must be a recent problem. Dealing with Tulving a few years ago I found him fast and efficient. I use his quotes as a guideline for market demand and price structure.

[natsb88]

Tulving problems have been ongoing for at least the last 18-24 months. There's a thread over on BS that was started in October 2012. For quite a while the reports of delivery issues were drowned out by long-time customers saying "Tulving has always been great" etc etc. Then enough complaints started to pile up to show a trend, and even long-time customers started complaining about lots of empty delivery promises.

[theo]

Gold-coin investors feel shined on by Newport firm
A military vet is one of hundreds waiting on coins ordered from The Tulving Co. in Newport Beach.

Military veteran Dean Marzano – leery of stock and bond investments – decided in mid-October to sink $39,000 of his savings in gold.

He settled on 30 ounces of American Eagle coins from The Tulving Co. in Newport Beach, which promised the shipment would arrive within seven days. Nearly four months have passed, and the San Diego resident says his order is still nowhere in sight.

“I'm running out of options,” he said. “I got ahold of the shipping lady, and she says ‘I don't know what to tell you. Every day, I put in the orders and the owner chooses who he wants to send purchases to. I don't know what else to tell you.'”

Marzano, 40, is not alone. Consumers across the country have reported late or missing shipments of rare silver and gold coins purchased from the Orange County precious-metals dealer. Clients say they have lost tens of thousands of dollars in investments, prompting some to take the company to court.

rest of the article: http://www.ocregister.com/articles/coin ... -gold.html

Wow! Way to keep a low profile. Not only does he make very large and very traceable purchase of PMs; he then takes his complaints to the media complete with his FULL NAME. Did the article provide directions to his house as well? I have a tough time believing that a former military guy would have such disregard for operational security.

Also, with that much money on the line, I would seriously consider paying a visit to Tulving HQ and not leave without either the coins or a cashier's check.

[Morsecode]

Yeah, that was my take as well.

Someone's scamming him out of 39 grand and they're only 90 miles away...the best he figures he can do is call the media?

[cesariojpn]

Wow! Way to keep a low profile. Not only does he make very large and very traceable purchase of PMs; he then takes his complaints to the media complete with his FULL NAME. Did the article provide directions to his house as well? I have a tough time believing that a former military guy would have such disregard for operational security.

A few keystrokes later.....