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Monday, September 15, 2008

The Moneychanger

This write up of the the-moneychanger.com, explains who they are and what they deal in and is well worth reading before you decide to buy gold from, the-moneychanger.com.

As always, we recommend one does one’s own due diligence before buying gold from any gold dealer.

Who is The Moneychanger

Franklin Sanders grew up in and around Memphis in Tennessee He graduated with a BA from Southwestern at Memphis (now Rhodes College) in 1969. After two years in the U.S. Army, he attended graduate school at Tulane University and the Free University in Berlin.

Since around 1980 Mr. Sanders published and edited the monthly newsletter, The Moneychanger. In 1993 Mr. Sanders wrote (with Jim Blanchard) Silver Bonanza: How to Profit From the Coming Bull Market in Silver.

In 1980, Mr. Sanders opened his own company brokering physical gold and silver. In 1984 he opened a gold and silver bank (warehouse exchange).

The Moneychanger has been online since December 1998.

Franklin Sanders writes a regular column for goldprice.org and has a very large and devoted following.

How To Buy Precious Metals From The Moneychanger

To buy gold bullion from the Moneychanger you simply have to call them on (888) 218-9226. During the call a price will be established depending on the current spot price on that day. This will form a binding contract regardless of the movement of gold after the call. You will be given a contract number and a locked in price which you can buy at regardless of the movement of gold on the market.

After the order is completed, you will need to send the payment within forty-eight hours either by personal check, money order or bank wire. Credit cards are not accepted. With personal checks the shipment is withheld for fourteen (14) days while the check completely clears.

For the most part you can expect to receive your order by registered mail around four weeks from the contract date.

How To Sell Precious Metals To The Moneychanger
Selling gold bullion to the Moneychanger is a similar procedure to buying gold bullion. One rings up and negotiates a price for the gold you want to sell. Then you get a contract number and the price is locked. The Moneychanger will give you specific instructions on shipping your gold bullion and once it has arrive they will verify the contents against the contract and issue a check within 24 hours. You can generally expect to receive a check within two weeks from the contract date keeping in mind shipping times etc.

The Moneychanger points out, on the website, that the contract you sign with the Moneychanger is a legally binding contract and that if you fail to complete the contract you can be liable for costs incurred by The Moneychanger if you do not fulfill your contractual obligations.

The Last Word on The Moneychanger
The Moneychanger, unlike dealers or mints, is more concerned with gold being used as an investment and a safe haven for the individual. This is reflected in his prices which tend to be more reasonable than some dealers and mints.

If you have bought gold coins or any other coins from the-moneychanger.com, then please feel free to leave your feedback on the quality of service and products including any the-moneychanger.com complaints and special attention or service given by the-moneychanger.com.

1 Comments:

Anonymous Craig H said...

I was referred to The Moneychanger by my uncle who is a true believer in gold and silver investing. I did some research on Mr. Sanders' business before buying precious metals online, because I had previously only bought from a local dealer. His reputation as a dealer was impeccable, from what I could find on the BBB, etc. I have found my own experience to be the same. I have always been happy with my service, and the prices are generally cheaper than the local coin dealer's. I also really enjoy his weekly updates and other information on his Web site. I highly recommend The Moneychanger for anyone wanting to buy gold or silver in any quantity.

March 28, 2009 at 11:13 AM  

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