Beware of buying gold/silver from Lear Capitol

Lear capitol is the gold/silver online co. that is advertised a lot by by Fox/Rush/ etc.

So I bought 20 silver Eagles for about $20 each and the price was right. I got a message from Lear stating it will take till March 29 at the earliest to clear my check.
My check has already cleared my bank and they have been paid.

I was told that the coins cannot ship until they get enough orders to justify a shipment from the supplier/distributor/warehouse whatever.
This I am told will take at least another two weeks.

IMO this is a very shabby business model for buying coins online. Once my bank reports that my check has been paid - Lear Capitol should count my check as cleared.
Also I should not have to wait until they get enough orders to get their volume discount on a delivery.

I intend to invest at least $50K of my retirement funds into gold and/or silver. I made an initial small purchase from this co. to see how they did business.

Now I know. Just because FOX brings me a conservative viewpoint - doesn't mean their sponsors are ethical.

Lear Capitol will never get another cent from me.

I tried to warn you smokey, the best deal isn`t always the cheapest but don`t give up hope you may get your coins yet. Did you ever check with the B.B.B. for the # of complaints? That what I mean by wanting to see & touch what I buy & its always nice to be able to reach out & touch the seller if you know what I mean. While they are waiting for enough orders they are making money on yours & everyone elses they are holding.

Sounds like a new twist on the old bank scam. Your checks clear either the same day or the day after due to electronic fund transfer yet they make you wait several days longer before you can claim your money.

Ever send out a post dated check to make sure your money is available for payment before they cash it and they wind up cashing it before the check is actually good? I stopped doing this years ago because they will screw you every time if you do. I wonder what happens if you try to cash one of their checks before the date on the check?

How about those services where you send in your gold and they evaluate it and then send you what they think it's worth? Sounds like another scam to me. I'd never send my valuables into a company to have them evaluated and then trust them to send you a check with a fair price. /You are just asking to be taken.

Gooogle turned up only 33 complaints

http://www.la.bbb.org/Business-Report/Lear-Capital-Inc-13059407

Not sayin' you aren't justified in your situation and with all the uncertainty swirling around the market I would like to be in possession either immediately or in very short order after relinquishing funds.

B&B,justified in my little Town,you get shot way before 33 complaints

Black_And_Blue wrote:Gooogle turned up only 33 complaints

http://www.la.bbb.org/Business-Report/Lear-Capital-Inc-13059407

Not sayin' you aren't justified in your situation and with all the uncertainty swirling around the market I would like to be in possession either immediately or in very short order after relinquishing funds.