Morgan Gold and Merit Gold & Silver Close Their Doors – Regal Assets To Blame?

Two more big precious metals dealers are feeling the pressure of competition in the hot new retirement industry. Since the IRS has now approved precious metals as a tax-free asset to be held in an Individual Retirement Account (IRA), savvy retirement investors are now making precious metals like gold and silver a large part of their long-term portfolio as prices are projected to skyrocket even in the near future.

Regal Assets, the dominant force in the industry with its spotless reputation and award-winning customer service, has been named Inc 500’s 20th faster growing financial services company. Since then, many of the major gold and silver dealers have been experience quite a strain on their bottom line as confirmed cases of fraud and exorbitantly high markups have surfaced and official news and government reports are evident all over the web.

Let’s first take a look at what’s causing such a stir in the industry:


Morgan Gold’s Website Disappears From The Web

About 30 days ago (prior to this post) upon visiting Morgan Gold’s website, it returned nothing but a “File Not Found” error and still appears to do so today. This mysterious disappearance of such a major player in the industry was investigated by SACDC, but no known cases of fraud were detected.

However, there were several major instances of consumer complaints against the company that went unresolved. This lead to adverse ratings on major review sites like the Better Business Bureau, Business Consumer Alliance, and others.

For a detailed investigation and review of Morgan Gold, read our review here.

Merit Gold & Silver “Not Accepting Orders And … Closing Operation”

Due to the solid growth and customer approval of Regal Assets, Birch Gold, and other ethical precious metals dealers, Merit Gold has recently been forced to state on their website that they will be shutting down their operation. The homepage of their website now says:


It was a well-known fact to SACDC that Merit Gold & Silver had been charged with over $10 million in precious metals fraud (read our exclusive review). Their fraudulent business practices are not unique in the industry. It is quite common for disreputable gold/silver IRA companies to promote numismatics at an extremely high markup leading to the client’s retirement assets to virtually become worthless over night. These types of companies prey on the elderly and uninformed consumer.

Consumer Advocates Aligned & Reveal A Bright Future


To avoid scams and fraud when rolling over into a gold/silver IRA, it is advised by the leading consumer information organizations to use a well-established, trusted, and reputable company like Regal Assets (read our exclusive review here or compare available options).

Not only does Regal Assets have a sterling reputation with the BBB (A+), TrustLink (5 stars from 542 reviews and counting), and BCA (as detailed in our full review), they have been featured in Forbes magazine, Inc 500 magazine, Bloomberg Businessweek, MarketWatch, Reuters, The Street, The Reporter, and others.

Their established and ethical business practices has drawn the attention of the media as apparently it is normally few and far between in the new and rapidly growing industry of precious metals retirement investing.

In recent news regard this stand-up company, Regal Assets now offers off-shore gold storage in Singapore to those investors who simply want options. With tax benefits and cutting-edge security measures, who can blame them?

In even more recent news, they’ve now also opened their doors to investors in the UK who seek to invest in a gold SIPP plan (which is a pension plan very similar to the US’s gold IRA). If you’re in the UK, you can visit here or US investors click here.

Offshore Gold Storage: Benefits Of Storing Gold & Silver In Singapore

Singapore City Skyline 4

Storing your gold and silver in a safety vault may be handy and convenient, but as capital control is increasing every day, you may want to consider buying and storing your gold and silver abroad, for unrestricted transfer and selling in the future. Offshore gold storage prevents gold confiscation and keeps your gold’s selling price stable and as high as it can be. Storing gold in a safe, stable jurisdiction out of your home government’s reach is very advantageous, especially if you’re living in a bankrupt nation. With the right storage partner, you might have just protected your gold and silver from confiscation and devaluation. The value of your metals may even increase overtime because it is not affected by inflation.

“What Companies Allow You To Choose Precious Metals Storage In Either The US or Singapore?” – Click Here

For the past years, Singapore has rapidly become one of the world’s best place for gold and silver investors and entrepreneurs to safely invest their precious metals and build their own businesses. Why is this so? That’s because it’s just so easy. Regulation is minimal, corruption is almost non-existent in their government, and the tax structure is very friendly to foreign businesses and investors. The growth of Singapore’s precious metals industry and its reputation as one of the safest countries in the world makes it a great location to buy and store precious metals.

Why Store Your Gold Or Silver In Singapore?

Stack of golden ingots in bank vaultThis positive attributes made Singapore offshore gold storage in Singapore one of the safest and most convenient in the world. Safe because the criminal rate in Singapore is nearly zero. Convenient because you can just withdraw and deposit your gold and silver with just a short process. Transaction is easy and effortless. According to the Sovereign Man blog, airport customs doesn’t even require to know as much information about your precious metals as in other countries when they pass through the airport. Authorities in Singapore view gold and silver as commodities and not as a currency that can be reported, so there are presumably lower reporting requirements when bringing your gold with you. Also, in Singapore, gold storage is free from the government’s interference because  they understand why people do the things they do and why capital reacts the way it does.

Another advantage of storing gold in Singapore is that gold and silver are now tax-free. As of October, 2012, the seven percent national sales tax that is in the past given to sellers and buyers of gold and silvers was waivered by the Singaporean government. This means that gold taxes on investment grade bullion are now non-existent, as well as most of the silver taxes. Gold Maple Leafs, Buffalo, Philharmonics, gold bars, as well as most silver products (not all precious metals are IRS approved – check here) are now exempt from tax when buying or selling. Some companies offer the ability to store gold in Singapore to save on taxes.

Your accounts in Singapore gold vaults will also be extremely private. Singapore does not tax its citizens and companies on foreign earnings on a worldwide basis; therefore it pays little attention to their companies’ bank accounts in foreign lands. The motivation for the Singaporean authorities to disclose bank accounts in their domain is, therefore, non-existent. They forbid other countries to launch ‘fishing expeditions’ into account holders’ details in Singapore because they believe that foreign authorities do have apparent links and valid reasons that will be interpreted as suspected criminal activity to want to investigate someone’s account holdings.

For those who are planning to build an individual retirement account, you might want to choose to build a gold IRA account or a silver IRA account in Singapore. Compared to having a regular retirement plan in the United States, maybe building a gold and silver individual retirement account is much safer. You may use your precious metals as a long-term hedge against inflation. Your gold and silver will surely not lose its value, unlike paper currency. Best of all, the value of your gold or silver will increase overtime.

A lot of people are already storing their gold and silver in Singapore. The tiny country contains approximately 1-2% of the world’s physical bullion. Singapore also holds the largest group of private banking assets in Asia, with US$516 billion in 2011.

Gold Storage Companies

Prices are already incredibly competitive, with ultra-low premiums and very reasonable and affordable storage fees when you use the top recommendation.

There are many gold storage companies fighting for your dollar, but there are few that offer a stellar reputation, award-wining customer service, world-class security (Brinks) and worry-free insurance, and that also offer all of this with the option of storing your gold in the US or in Singapore.

Visit Regal Assets Website

Why We Use Regal Assets For Gold Storage

  • A+ rating with the Better Business Bureau
  • 5-star TrustLink rating
  • Zero customer complaints
  • Award-winning customer service (their experts know the market and are always ready to help us without obligation)
  • Fastest growing precious metals services company (ranked Inc. 500 Magazine’s #20)
  • Buy-Back-At-Spot-Price Guarantee (we can fully liquidate all or part of our assets at anytime and get the best price available)
  • Paperless, hassle free ordering
  • Receive your shipment (at home or at your chosen gold storage facility) within 7 business day (or get a free, valuable gift, such as a Silver Eagle coin)
  • No-commitment funds transfer for gold IRAs (after a rollover, buy gold or silver when we want or transfer our money right back out without penalties/fees)
  • Lowest fees in the industry without high-pressured, deceptive sales tactics (no one was forcing overpriced numismatics on us when we simply wanted bullion)

Visit Regal Assets Website or talk to Charles at 1-866-906-3023.

If you want, you can get their free gold IRA investing kit. We got ours and it really just helped reinforce our thoughts on why to buy gold, but the kit is very helpful and of high quality. Just visit the site and fill out the form to get your kit for free or mention it when you call Charles and his team.

Investment Scheme Involving Americas Energy Stock & Muskateer Investments: Strebinger and Chapman Charged

The SEC today (November 3rd, 2014) has brought charges against two of Canadian citizens – Strebinger and Chapman. They face charges of orchestrating a complex international microcap fraud scheme. The scheme involved stockpiling a large amount of shares in a Tennessee-based coal mining company and then propagating an extensive promotional campaign to inflate the share price while deceptively selling their own shares through the use of offshore accounts.

The Securities and Exchange Commission claims Bruce D. Strebinger subsequently aided a reverse merger between a private start-up company in Knowville, Tennessee and shell company Americas Energy Company (AECo) with mal intent. Bruce D. Strebinger and Brent Howard Chapman each had allotted for themselves significant positions of over 5% of this common stock disregarding the federal mandate to first publicly disclosing their beneficial (and parasitic) ownership stake.

The alleged Canadian fraudsters, Strebinger and Chapman, heavily promoted the Americas Energy stock to potential investors through multiple advertising media (e.g. email marketing and direct mailing). Their promotional reports not only failed to disclose their ownership stake but was simply fraught with false and deceptive information in an attempt to attract investors and have them purchase massive amounts of shares quickly.

The complain filed by the SEC in the U.S. District Court for the Northern District of Georgia, states that as the Strebinger and Chapman scheme was attracting new money from oblivious investors and the share price of Americas Energy’s was rapidly increasing, the two were discreetly dumping their own shares through a complex network of foreign accounts, offshore corporations, and several financial institutions. The scheme generated more than $17 million pocketed by Strebinger and Chapman.

“Strebinger and Chapman rigged a penny stock in their favor while staging a massive promotional campaign… They disguised their scheme by dumping their shares in relatively small amounts over extended periods of time, and they attempted to hide their proceeds from U.S. regulators by routing them through offshore accounts.” – William P. Hicks, Associate Director for Enforcement in the SEC’s Atlanta Regional Office

The SEC had previously suspended trading in the Americas Energy stock.

In the complaint filed by the SEC, it alleges that Strebinger and Chapman were in clear violation of Section 17a of the Securities Act of 1933, Sections 10b, 13d, as well as 20b of the Securities Exchange Act of 1934, and Rules 10b-5, 13d-1, and 13d-2(a).  In addition to these violations, the SEC also charges Strebinger and Chapman with aiding and abetting each other’s Exchange Act violations.

The complaint also alleges the Muskateer Investments Inc., a facade based out of the Caribbean owned by Strebinger, violated Section 13d of the Exchange Act and Rules 13d-1 as well as 13d-2(a).  It seeks permanent injunctions, disgorgement of illegal proceeds along with prejudgment interest, penny stock bars, fines, an accounting of, and the repatriation of, any proceeds of sold shares which were transferred to any foreign sites. Muskateer Investments Inc and Strebinger’s wife were named as a relief defendant by the SEC comlaint in order to confiscate any illegal proceeds from the scheme at hand that may have been transferred into associated accounts.

The continuing investigation conducted by the SEC out of the Atlanta Regional Office is headed by Aaron Lipson and Lucy Graetz under the supervision of Rhea Dignam and William Hicks  with aid of the Enforcement Division’s Microcap Fraud Task Force.