Preservation Of Wealth, Precious Metals, Multi-Level Marketing, www.preservationofwealth.net

FRAUD

30th of Jul, 2013 by Reality Check

Do not do any business with this SCAM & it's owner JUSTIN DAVIS.

Bait & Switch.

Multi-Level Marketing, in which if JUSTIN DAVIS doesn't want to pay you for, he won't.

Claims the lowest prices in precious metals. Sure, if you want to wait about a quarter of a year to receive your purchase.

The Dodd Frank Act explicitly states that retail transactions in gold or silver are to be delivered within 28 days. Preservation Of Wealth is taking 2-3 months to get metal to clients. Which means they are selling a product they don't have.

Let me draw you picture; ever go to a Car Dealer that doesn't have any cars in the lot? Did you pay that Car Dealer money for a car that they didn't have in their lot or would take 3 months to get ?

They Sell Numismatic Coins at DOUBLE their prices, just like GOLDLINE (Goldline agrees to refund up to $4.5 million to former customers; http://articles.latimes.com/2012/feb/23/business/la-fi-0223-goldline-settlement-20120223)

Which was a "bait and switch" operation in which customers seeking to invest in gold bullion were instead sold gold coins that were marked up more than 50%. Preservation Of Wealth does the same exact thing with NUMISMATIC COINS. Selling them double their current prices. How else could they pay their Multi-Level Marketers?

Justin Davis is a con artist. Give him a call at 1(214) 543-3557 or Give one of his sisters a call at 1-972-776-6691 & ask for an explanation, your guaranteed to hear something being sold to you that is against the law.

The FTC advises that multi-level marketing organizations with greater incentives for recruitment than product sales are to be viewed skeptically. (Preservation Of Wealth offers LifeLock to join, a compensation plan that pays clients money to recruit new clients.)

The FTC also warns that the practice of getting commissions from recruiting new members is outlawed in most states as "pyramiding"

MLM's are also criticized for being unable to fulfill their promises (Preservation Of Wealth takes 8-12 weeks to get Metals to clients, The Dodd Frank Act explicitly states that retail transactions in gold or silver are to be delivered within 28 days) for the majority of participants due to basic conflicts with Western cultural norms. There are even claims that the success rate for breaking even or even making money are far worse than other types of businesses:

"The vast majority of MLM’s are recruiting MLM’s, in which participants must recruit aggressively to profit. Based on available data from the companies themselves, the loss rate for recruiting MLM’s is approximately 99.9%; i.e., 99.9% of participants lose money after subtracting all expenses, including purchases from the company." In part, this is because encouraging recruits to further "recruit people to compete with [them]" leads to "market saturation."

It has also been claimed "by its very nature, MLM is completely devoid of any scientific foundations."

DO NOT DEAL WITH PRESERVATION OF WEALTH or JUSTIN DAVIS, you will be robbed.