7 Jul, 2021 → by ClaimboUser215429
Silver Margin Account
1
I purchased over $40, 000 in gold coins from a dealer in Houston, Texas referred to as Nationwide Coin and Bullion Reserve. I got a call from Mr. Climmie Sanders who said it would be a good investment to trade my gold coins for a Silver margin account. This was almost $8, 000 in gold coins at $1, 680 per ounce on March 9, 2020. I called several months later, because a statement of activity was never sent. When I contacted Mr. Climmie, he said the entire silver margin account was wiped out and the gold had to be sold to cover the "loss" due to severe drop in silver [prices because of the COVID epidemic. I called the office located at 3900 Military Trail STE 900 in Jupiter, FL and I spoke to a Mr. Young. He said I would need to contact a lawyer, and he offered no explanation about the documented sale of gold coins to cover the loss in the margin account. I can provide pictures of all related receipts.