Tulving is Bankrupt

Discussion of the Gold portion of the Permanent Portfolio

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FarmerD
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Tulving is Bankrupt

Post by FarmerD » Wed Mar 12, 2014 1:06 am

Just noticed on a Gold forum that the Tulving Company is now reported to be bankrupt.  Let's hope nobody here had an outstanding order with him.   

http://articles.latimes.com/1991-01-16/ ... in-dealers
dragoncar
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Re: Tulving is Bankrupt

Post by dragoncar » Wed Mar 12, 2014 1:59 am

1991?  Are they bankrupt again?
FarmerD
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Re: Tulving is Bankrupt

Post by FarmerD » Wed Mar 12, 2014 8:53 am

OOps - I linked to the wrong article.

Yes, they are bankrupt again.
systemskeptic
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Re: Tulving is Bankrupt

Post by systemskeptic » Thu Mar 13, 2014 10:42 am

Why would anyone order from a website that looks like it was designed in 1995?
FarmerD
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Re: Tulving is Bankrupt

Post by FarmerD » Thu Mar 13, 2014 8:40 pm

systemskeptic wrote: Why would anyone order from a website that looks like it was designed in 1995?
Guess we don't have to worry about that problem anymore.
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Re: Tulving is Bankrupt

Post by TripleB » Fri Mar 14, 2014 10:51 am

I suspected something was up when his CompuServe email bounced back as undeliverable. I tried dialing into his BBS but the line was busy.
FarmerD
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Re: Tulving is Bankrupt

Post by FarmerD » Fri Mar 14, 2014 2:16 pm

TripleB wrote: I suspected something was up when his CompuServe email bounced back as undeliverable. I tried dialing into his BBS but the line was busy.
Tulving's possible bankruptcy has been discussed since the end of January on various gold forums.  It looks like he may have been running a type of Ponzi scheme where new patron's money was used to buy gold for people who had purchased earlier.  Essentially he had no inventory at all despite his website stating all items were "in stock."

http://www.goldismoney2.com/showthread. ... rom-3-4-14
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Re: Tulving is Bankrupt

Post by dualstow » Fri Mar 14, 2014 2:25 pm

I remember trying to contact Mr Tulving by email and he sent me a nasty note saying that I had to use the phone, even for non-order inquiries. I then asked him why had an email address posted. That was the end of my Tulving experience and I thank him for it, b/c I moved on to a perfect dealer: my family members' numismatics guy.
RIP Toots
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Re: Tulving is Bankrupt

Post by Reub » Sat Mar 15, 2014 8:46 pm

Sometimes I wonder about Goldmart because they never seem to have inventory, seem to move around a lot, and are very slow fulfilling orders. What about the other major online dealers?
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Desert
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Re: Tulving is Bankrupt

Post by Desert » Sat Mar 15, 2014 9:00 pm

CNI (golddealer.com) has done a good job with my orders over the years.  Hopefully that will continue.  Of course I should note that all my physical gold holdings were tragically lost in a high speed train collision in China. 

Maybe a few of us could collaborate and start a gold dealer rating service.
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Reub
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Re: Tulving is Bankrupt

Post by Reub » Sun Mar 16, 2014 10:19 am

Yes, that seems like a good idea. Along with some tips on how to avoid losing money when these firms go bankrupt or play games.
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Re: Tulving is Bankrupt

Post by FarmerD » Sun Mar 16, 2014 11:44 am

Reub wrote: Sometimes I wonder about Goldmart because they never seem to have inventory, seem to move around a lot, and are very slow fulfilling orders. What about the other major online dealers?
I've ordered a number of times from GoldMart and have gotten excellent turnarounds.  Then my last order from them took over 3 weeks for delivery.  That and the late deliveries reported here and elsewhere led me to try Provident.  Ordered some Eagles at $40 over spot and got 3 day turnaround on 2 orders.  You might want to check them out. 
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