Acquiring precious metals, whether for the long term or the short term is a shrewd plan, according to experts, due to the fact that gold, in contrast to fiat currencies, is not nearly as volatile. With the sector rather unstable, more people nowadays are investing in gold to shelter their savings, but with this comes the result of running out of supply. Gold is a commodity and therefore its prices are determined by the rules of supply and demand.
Whenever the economy is not doing well, the demand for gold is often greater due to the fact that people utilize the precious metal as insurance or shielding from financial or even geopolitical crises.
Seeing as more people are now investing in precious metals, dealers are sprouting everywhere. Although some possess exceptional reputations and excellent scores, others don’t. That’s why it is vital for people who are planning to spend money on gold or in any precious metal to research first about the firm they intend to trade with.
There are plenty of of ways to find out whether a gold company provides excellent services or not. One of them is to analyze scores from legitimate rating sites and yet another is to go through reviews about these companies.
Northwest Territorial Mint is a Washington-based full-service mint that deals in precious metals and sells minted items. The enterprise has been in the business of creating and designing knives, medallions and coins since 1984 and has been famous for its quality ever since. Northwest Territorial Mint offers quite a number of items and is currently the leading private mint in the USA.
As shown by a Northwest Territorial Mint Review, the organization has a general rating of 4.5 out of 5. The review also claims that the order arrived in its destination earlier than stated. Even if this is a great review, other reviews of the mint company alert gold traders to refrain from doing business with them due to their unwillingness to release funds and their failure to complete orders.An additional concern pointed out in that specific review is the condition of the goods delivered to theclient. They are reportedly scratched and are definitely not in mint condition even if they were labeled as “new” on the company’s website.
One of the most significant problems, however, is the time that it takes the company to send the products. One review posted on Gold Deal Reviews says that the order was placed in the middle of September in 2013 and arrived months later.
Back in the year 2008, a lawsuit was filed against Northwest Territorial Mint. By September that year, the office of the Washington Attorney General sent out a press release that Northwest Territorial Mint must “honor its promises” in delivering orders in due time or reimburse those whose orders were not delivered on time.
A business which has been sued for its shipping practices is a cause for apprehension regardless of whether the business has its reasons as to the reasons why it takes longer for them to ship precious metals to the customers than it takes other companies.
Nonetheless, one must keep in mind that while Northwest Territorial Mint is rather sought after, it is important for them to share with their clients the true reasons why these buyers’ purchases are not shipped on schedule.
The lawsuit filed in February 2008 accused Northwest Territorial Mint and its president Mr. Ross Hansen of violating Washington’s Consumer Protection Act by providing a misleading representation of their delivery dates and by enforcing what the Attorney General’s Office described as an unfair refund policy. The lawsuit was also filed due to an absence of response to consumer complaints on the side of Northwest Territorial Mint.
The State of Washington stated as well that the company and its president consistently failed to ship products bought at the time frame provided by the company itself and that customers who filed the complaints at the government office waited months before receiving the bullion they had bought.
It is interesting to be aware that the Washington-based Northwest Territorial Mint did not come clean that they did anything wrong but unveiled their reimbursement policies as well as their delivery procedures to the court. They also agreed that they will deliver merchandise as scheduled and offer money back to those customers whose shipments have been overdue.