I wired $7300 on July 2014 for silver bars and did not receive it in the 10 days they confirmed. Then I spoke with Justin Davis directly and he apologized and added silver eagle coins to my order to compensate for the extra money I spent for quick delivery. He stated my order was forthcoming in a couple weeks. As of Feb 2015, nothing.
Do not spend $1 with these scammers. I paid $10k for a box of silver coins to be delivered in 8 weeks , not only did I not receive the coins, They will not return calls, texts, or emails.
A group has left Preservation of Wealth because we all have been cheated, lied to, and ignored. We have started a group that is not MLM. The program does deal in MS70 Numismatic Coins on Autoship but we have taken it further we carry survival products, environmental products, health products. Everyone can join for FREE The complete program is an Affililate program, everyone gets paid on products sales and we pay three tiers, so you can bring other free affiliates under you and earn overrides and bonus checks. We dont have to deal with this POW any long. www.resourceteamusa.com www.resourcecenterstore.com being filled up now, will open soon. 337 527 4664
I made three purchases of American Eagle silver coins, each purchase of 20 coins,(total 60 coins) I just received the first purchase, I am still do not received the las two purchaes (40 coins):
Invoice date payment status of shipping
234630 3/2/2014 $482.36 received
244367 4/15/2014 $458.95 not received
247076 4/3072014 $439.32 not received
I tried to contact them by mail and they just answer a cuople of times in six moth saying tha "soon will be shipped" but it never happends.
I have been waiting for a $4,000.00 metal order since Feburary 2104. The lies over and over have continued. Most often with no one answering the phones at all. When I did reach Justin Davis by hitting option three I believe for the shipping department he answered the line and said the company had a 2,000.000.00 account problem and they were trying to fix is as soon as possible. I could not believe what I was being told. How could any company have an accounting problem of that size without fraud being involved? he kept the conversation VERY short and got off the phone saying he would call me back. As many of the complaints state he does not return calls. I have inside information now that he is trying to sell POW. The heat is defiantly on him and his company for sure. I hope Justin goes to JAIL where he belongs!
THERE MUST BE BETTER PROTECTION FOR PURHASE PRODUCTS THRU INTERNET OR MAIL TO PROTECT THE CONSUMER FOR NON DELIVEREY OF PAID FOR PRODUCTS FROM ANY COMPANY, OR PERSON. PAYPAL IS GREAT BUT NOT EVERYONE USE THE SERVICE. I PLACED THE ORDER FROM HAWAII AND GOING INTERSTATE TO CLOOECT HAS SOME DIFFERENT PROBLEMS. I HAVE FILE A COMPLAINT WITH THE BBB, AND CONSUMER PROTECTION AGENCY. PRESERVATION OF WEALTH IS INTO MULTI=LEVEL SALES AND I NEED SOME HELP TO OBTAIN MY BULLION.
Buy silver form Preservation of Wealth and if the price is going down they announce there will be a possible two month delay to deliver. At the shipping date (2 months later) the price has fallen and they take the difference. You get scammed. They scammed me twice this way. First time I lost $2,500, the second time I lost $7,200 !!
THIS COMPANY SHOULD BE SHUT DOWN BY THE AUTHORITIES. RECIEVED AN ORDER OF 100 SILVER EAGLES IN WHICH 80 WERE UNCIRCULATED & THE OTHER 20 WERE CIRCULATED.
THIS COMPANY IS SELLING A PRODUCT IN WHICH IT DOESN'T ALREADY OWN.
THE DODD FRANK CONSUMER PROTECTION Section 742 states, Retail transactions are exempt from CFTC oversight if they either result in a physical delivery within 28 days or create an enforceable obligation.
Orders are now waiting 8-12 weeks with Preservation Of Wealth, which means they fall under CFTC oversight. Justin Davis will not send Metals or Funds if he doesn't want to. He is a fraud and in direct violation of the DODD FRANK CONSUMER PROTECTION ACT.
Bait-and-switch is a form of fraud used in retail sales but also employed in other contexts. First, customers are "baited" by merchants' advertising products or services at a low price, but when customers visit the store, they discover that the advertised goods are not available, or the customers are pressured by sales people to consider similar, but higher priced items ("switching")
The intention of the bait-and-switch is to encourage purchases of substituted goods, making consumers satisfied with the available stock offered, as an alternative to a disappointment or inconvenience of acquiring no goods (or bait) at all, and reckoning on a seemingly partial recovery of sunk costs expended trying to obtain the bait. It suggests that the seller will not show the original product or service advertised but instead will demonstrate a more expensive product or a similar product with a higher margin.
Legality
In the United States, courts have held that the purveyor using a bait-and-switch operation may be subject to a lawsuit by customers for false advertising, and can be sued for trademark infringement by competing manufacturers, retailers, and others who profit from the sale of the product used as bait. However, no cause of action will exist if the purveyor is capable of actually selling the goods advertised, but aggressively pushes a competing product.
Likewise, advertising a sale while intending to stock a limited amount of, and thereby sell out, a loss-leading item advertised is legal in the United States. The purveyor can escape liability if they make clear in their advertisements that quantities of items for which a sale is offered are limited, or by offering a rain check on sold-out items.
Multi-level marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they personally generate, but also for the sales of the other salespeople that they recruit. This recruited sales force is referred to as the participant's "downline", and can provide multiple levels of compensation. Other terms used for MLM include pyramid selling, network marketing, and referral marketing.
The U.S. Federal Trade Commission (FTC) states "Steer clear of multilevel marketing plans that pay commissions for recruiting new distributors. They're actually illegal pyramid schemes. Why is pyramiding dangerous? Because plans that pay commissions for recruiting new distributors inevitably collapse when no new distributors can be recruited. And when a plan collapses, most people - except perhaps those at the very top of the pyramid - end up empty-handed."
Preservation Of Wealth, the business is run in a manner that is parallel to the businesses run by members of organized crime, "consisting of associated enterprises engaging in patterns of legal and illegal activity."
Family members, much like organized crime groups, hold positions because of who they are, and not because of any particular job qualifications.
The Mafia uses "omerta" and violence for control,” and Preservation Of Wealth uses other tactics, with similar effect. No negative talk or action is permissible.
As punishment for speaking out against Preservation Of Wealth, Justin Davis will not send your Metals that you paid for or your Commission Checks that you rightfully earned.
CONTACT the Attorney General of Texas @ 800- 621-0508
I agree, Preservation of Wealth is a bad company being poorly run. But really, man, if you want people to take you seriously then I suggest you lay off the meds next time you write. Your accusation of bait and switch is off base, your opinion of MLM is incorrect, and seriously, organized crime family and omerta!!? You're kidding me with this, right?
He wrote me a check for $10 it was no good the bank charged me $10 Just Davis is a crook
Just Davis refuses to pay my grand daught 22 years old simple minded working the business. She sponsored Mel Pennartz , Mel sponsored Paul Lambert. Mel received his $100 check , my grand daughter earned $50 for the sale, Justin Davis refuses to send her check. Also my friend Mickey Bertrand a pastor of 38 years is holding checks not cashable and owed a total of $26,000. Mel orderd and paid for silver bullion, took calla athem every day threaating to go to law enforcement, after 5 and one half months he got the order. Justin Davis waitinng until silver fell ldown in the $15 dollar range on spot , Mel paid between $22 and $23.00 fr the silver, Justin Davis made $5 on each coin ordered.We have been told he owes 2.5 million dollars, his parents are wealthy they wont help him, he just place a man who has been getting him 30% interest quick loads just to survive. I am asking everyon that has been burned by this guy to go after him,, start writing these complaints. Everyone you can go Scam Victim, and starta huge write it .
I have been trying to deal with P.O.W. and placed my order on 10/11/2013. To date (04/23/2014) I have yet to receive my order!!!! It's going on 7 months now and I started calling them after the 4th month of not receiving my order or receiving any communication/status. The excuses started out as ""the Silver Eagles are on back order due to demand"" and then turned to ""the delivery truck was not able to get through due to the ice/snow"" and that went on for weeks. After the weather was no excuse, I called and Shannon stated, the order was ""in process to ship"" and I would ""have my email confirmation in a couple of days"". A couple of days came and went and I called again and spoke with Shannon. Again, I was promised it would be ""delivered by this week"" and ""this week"" came and went; No email or delivery. Then I called again, this time it was almost 6 months and the gentleman that answered went and got the owner Justin Davis which proceeded to assure me that my order would be placed ""at the top of the list"" and shipped immediately. Yeah, that was a month ago and I called tham again when Shannon said, ""your order is in the packaging department and it will DEFINITELY ship tonight and I'll send the email confirmation with tracking number on Monday."" Monday came and went, no email! So I called them again on Monday before they closed and spoke to Shannon again. She promised me I'd have an email by tomorrow (Tuesday)! Tuesday came and went, NO EMAIL; NO DELIVERY!!! So, I started calling POW on Monday, 4/21/2014 and no one would answer the phones (options 1, 2, 3, and 4). I sent them a message on their ""Contact Us"" page requesting urgently, someone contact me so that I may get a refund. No call back, no email, no response to date. Today I called and the phone rang and went to voicemail. I called 2 hours straight to all options (opt. 1, 2, 3, and 4) until finally Shannon picks up the phone. She explained to me that their phones have been down because their phones are Internet Phones and their internet had been down. What big business runs their phone lines through the internet, knowing how unstable internet connections can become and the likelyhood that an internet issue could take days or months to resolve??? I asked Shannon to speak with Justin Davis and she stated Mr. Davis is not in. When I asked her to send me to his voicemail, she would not and proceeded to inform me Mr. Davis was making funeral arrangements as his father had passed away last night at 9:00. (My condolensces to Mr. Davis and his family, if this is true.) I then asked Shannon why it is, my order is on backorder (due to the high demand, mind you) but, their website has my backorder items available through their ""Quick Metals"" tab and will be ""shipped in 10 business days""! Shannon says, she just put my order through using the ""Quick Metals"" while I was talking with her. Un-friggin believable!!!
You know, it's not the fact that I've been patiently waiting for almost 7 months now or the fact that they are holding my hard earned money... It's the fact that they lie to me, their customer. And not just lie once but, lie over and over and over. I was polite and undesrstanding the first five or six times I spoke with them but, now I'm down right furious!!! I could have had that money working for me but instead, I have it tied up in a ""lie factory"" with nothing to show for it! They would have possibly received another order from me if they would have only delivered my order at LEAST within 5 months and if they had spoke the truth when asked for status. Also, my one year membership is now 7 months old and I have yet to receive anything! They don't even have the courtesy to call, email, telegraph, no communication whatsoever to let me even know they're still in business!!! Every communication has been initiated by me! Furthermore, no mention has been made about any type of compensation, for holding my money hostage. UNBELIEVABLE!!!! How do these people stay in business???
I have experienced, almost verbatim, what was described above. Justin Davis is a thief and need to be put away for the obvious Ponzi scheme he is running
Preservation Of Wealth Reviews
POW and Justin Davis is a scam artist
I wired $7300 on July 2014 for silver bars and did not receive it in the 10 days they confirmed. Then I spoke with Justin Davis directly and he apologized and added silver eagle coins to my order to compensate for the extra money I spent for quick delivery. He stated my order was forthcoming in a couple weeks. As of Feb 2015, nothing.
"Fraud"
Do not spend $1 with these scammers. I paid $10k for a box of silver coins to be delivered in 8 weeks , not only did I not receive the coins, They will not return calls, texts, or emails.
12/11/2014
Starting a Better on POW can be trusted
A group has left Preservation of Wealth because we all have been cheated, lied to, and ignored. We have started a group that is not MLM. The program does deal in MS70 Numismatic Coins on Autoship but we have taken it further we carry survival products, environmental products, health products. Everyone can join for FREE The complete program is an Affililate program, everyone gets paid on products sales and we pay three tiers, so you can bring other free affiliates under you and earn overrides and bonus checks. We dont have to deal with this POW any long. www.resourceteamusa.com www.resourcecenterstore.com being filled up now, will open soon. 337 527 4664
I made three purchases of American Eagle silver coins, each purchase of 20 coins,(total 60 coins) I just received the first purchase, I am still do not received the las two purchaes (40 coins):
Invoice date payment status of shipping
234630 3/2/2014 $482.36 received
244367 4/15/2014 $458.95 not received
247076 4/3072014 $439.32 not received
I tried to contact them by mail and they just answer a cuople of times in six moth saying tha "soon will be shipped" but it never happends.
POW SUCKS
I have been waiting for a $4,000.00 metal order since Feburary 2104. The lies over and over have continued. Most often with no one answering the phones at all. When I did reach Justin Davis by hitting option three I believe for the shipping department he answered the line and said the company had a 2,000.000.00 account problem and they were trying to fix is as soon as possible. I could not believe what I was being told. How could any company have an accounting problem of that size without fraud being involved? he kept the conversation VERY short and got off the phone saying he would call me back. As many of the complaints state he does not return calls. I have inside information now that he is trying to sell POW. The heat is defiantly on him and his company for sure. I hope Justin goes to JAIL where he belongs!
THERE MUST BE BETTER PROTECTION FOR PURHASE PRODUCTS THRU INTERNET OR MAIL TO PROTECT THE CONSUMER FOR NON DELIVEREY OF PAID FOR PRODUCTS FROM ANY COMPANY, OR PERSON. PAYPAL IS GREAT BUT NOT EVERYONE USE THE SERVICE. I PLACED THE ORDER FROM HAWAII AND GOING INTERSTATE TO CLOOECT HAS SOME DIFFERENT PROBLEMS. I HAVE FILE A COMPLAINT WITH THE BBB, AND CONSUMER PROTECTION AGENCY. PRESERVATION OF WEALTH IS INTO MULTI=LEVEL SALES AND I NEED SOME HELP TO OBTAIN MY BULLION.
Buy silver form Preservation of Wealth and if the price is going down they announce there will be a possible two month delay to deliver. At the shipping date (2 months later) the price has fallen and they take the difference. You get scammed. They scammed me twice this way. First time I lost $2,500, the second time I lost $7,200 !!
THIS COMPANY SHOULD BE SHUT DOWN BY THE AUTHORITIES. RECIEVED AN ORDER OF 100 SILVER EAGLES IN WHICH 80 WERE UNCIRCULATED & THE OTHER 20 WERE CIRCULATED.
THIS COMPANY IS SELLING A PRODUCT IN WHICH IT DOESN'T ALREADY OWN.
THE DODD FRANK CONSUMER PROTECTION Section 742 states, Retail transactions are exempt from CFTC oversight if they either result in a physical delivery within 28 days or create an enforceable obligation.
Orders are now waiting 8-12 weeks with Preservation Of Wealth, which means they fall under CFTC oversight. Justin Davis will not send Metals or Funds if he doesn't want to. He is a fraud and in direct violation of the DODD FRANK CONSUMER PROTECTION ACT.
Bait-and-switch is a form of fraud used in retail sales but also employed in other contexts. First, customers are "baited" by merchants' advertising products or services at a low price, but when customers visit the store, they discover that the advertised goods are not available, or the customers are pressured by sales people to consider similar, but higher priced items ("switching")
The intention of the bait-and-switch is to encourage purchases of substituted goods, making consumers satisfied with the available stock offered, as an alternative to a disappointment or inconvenience of acquiring no goods (or bait) at all, and reckoning on a seemingly partial recovery of sunk costs expended trying to obtain the bait. It suggests that the seller will not show the original product or service advertised but instead will demonstrate a more expensive product or a similar product with a higher margin.
Legality
In the United States, courts have held that the purveyor using a bait-and-switch operation may be subject to a lawsuit by customers for false advertising, and can be sued for trademark infringement by competing manufacturers, retailers, and others who profit from the sale of the product used as bait. However, no cause of action will exist if the purveyor is capable of actually selling the goods advertised, but aggressively pushes a competing product.
Likewise, advertising a sale while intending to stock a limited amount of, and thereby sell out, a loss-leading item advertised is legal in the United States. The purveyor can escape liability if they make clear in their advertisements that quantities of items for which a sale is offered are limited, or by offering a rain check on sold-out items.
Multi-level marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they personally generate, but also for the sales of the other salespeople that they recruit. This recruited sales force is referred to as the participant's "downline", and can provide multiple levels of compensation. Other terms used for MLM include pyramid selling, network marketing, and referral marketing.
The U.S. Federal Trade Commission (FTC) states "Steer clear of multilevel marketing plans that pay commissions for recruiting new distributors. They're actually illegal pyramid schemes. Why is pyramiding dangerous? Because plans that pay commissions for recruiting new distributors inevitably collapse when no new distributors can be recruited. And when a plan collapses, most people - except perhaps those at the very top of the pyramid - end up empty-handed."
Preservation Of Wealth, the business is run in a manner that is parallel to the businesses run by members of organized crime, "consisting of associated enterprises engaging in patterns of legal and illegal activity."
Family members, much like organized crime groups, hold positions because of who they are, and not because of any particular job qualifications.
The Mafia uses "omerta" and violence for control,” and Preservation Of Wealth uses other tactics, with similar effect. No negative talk or action is permissible.
As punishment for speaking out against Preservation Of Wealth, Justin Davis will not send your Metals that you paid for or your Commission Checks that you rightfully earned.
CONTACT the Attorney General of Texas @ 800- 621-0508
CONTACT THE FBI @ 1-800-CALLFBI (225-5324)
Contact the @ CFTC (866-366-2382)
Incoherent Rambling
I agree, Preservation of Wealth is a bad company being poorly run. But really, man, if you want people to take you seriously then I suggest you lay off the meds next time you write. Your accusation of bait and switch is off base, your opinion of MLM is incorrect, and seriously, organized crime family and omerta!!? You're kidding me with this, right?
He wrote me a check for $10 it was no good the bank charged me $10 Just Davis is a crook
Just Davis refuses to pay my grand daught 22 years old simple minded working the business. She sponsored Mel Pennartz , Mel sponsored Paul Lambert. Mel received his $100 check , my grand daughter earned $50 for the sale, Justin Davis refuses to send her check. Also my friend Mickey Bertrand a pastor of 38 years is holding checks not cashable and owed a total of $26,000. Mel orderd and paid for silver bullion, took calla athem every day threaating to go to law enforcement, after 5 and one half months he got the order. Justin Davis waitinng until silver fell ldown in the $15 dollar range on spot , Mel paid between $22 and $23.00 fr the silver, Justin Davis made $5 on each coin ordered.We have been told he owes 2.5 million dollars, his parents are wealthy they wont help him, he just place a man who has been getting him 30% interest quick loads just to survive. I am asking everyon that has been burned by this guy to go after him,, start writing these complaints. Everyone you can go Scam Victim, and starta huge write it .
My experience with the Preservation of Wealth is exactly the same as ""Disgusted — North Dinwiddie Virginia"".
I made 2 orders November 2013 and nothing delivered except broken promisses as of April 27th 2014.
It is time to start a class action. If anyone else has experienced this from the Preservation of Wealth please contact me by email.
What is your e-mail address?
I don't see it in your posting? You can reach me at engine at uurda dot org.
I have been trying to deal with P.O.W. and placed my order on 10/11/2013. To date (04/23/2014) I have yet to receive my order!!!! It's going on 7 months now and I started calling them after the 4th month of not receiving my order or receiving any communication/status. The excuses started out as ""the Silver Eagles are on back order due to demand"" and then turned to ""the delivery truck was not able to get through due to the ice/snow"" and that went on for weeks. After the weather was no excuse, I called and Shannon stated, the order was ""in process to ship"" and I would ""have my email confirmation in a couple of days"". A couple of days came and went and I called again and spoke with Shannon. Again, I was promised it would be ""delivered by this week"" and ""this week"" came and went; No email or delivery. Then I called again, this time it was almost 6 months and the gentleman that answered went and got the owner Justin Davis which proceeded to assure me that my order would be placed ""at the top of the list"" and shipped immediately. Yeah, that was a month ago and I called tham again when Shannon said, ""your order is in the packaging department and it will DEFINITELY ship tonight and I'll send the email confirmation with tracking number on Monday."" Monday came and went, no email! So I called them again on Monday before they closed and spoke to Shannon again. She promised me I'd have an email by tomorrow (Tuesday)! Tuesday came and went, NO EMAIL; NO DELIVERY!!! So, I started calling POW on Monday, 4/21/2014 and no one would answer the phones (options 1, 2, 3, and 4). I sent them a message on their ""Contact Us"" page requesting urgently, someone contact me so that I may get a refund. No call back, no email, no response to date. Today I called and the phone rang and went to voicemail. I called 2 hours straight to all options (opt. 1, 2, 3, and 4) until finally Shannon picks up the phone. She explained to me that their phones have been down because their phones are Internet Phones and their internet had been down. What big business runs their phone lines through the internet, knowing how unstable internet connections can become and the likelyhood that an internet issue could take days or months to resolve??? I asked Shannon to speak with Justin Davis and she stated Mr. Davis is not in. When I asked her to send me to his voicemail, she would not and proceeded to inform me Mr. Davis was making funeral arrangements as his father had passed away last night at 9:00. (My condolensces to Mr. Davis and his family, if this is true.) I then asked Shannon why it is, my order is on backorder (due to the high demand, mind you) but, their website has my backorder items available through their ""Quick Metals"" tab and will be ""shipped in 10 business days""! Shannon says, she just put my order through using the ""Quick Metals"" while I was talking with her. Un-friggin believable!!!
You know, it's not the fact that I've been patiently waiting for almost 7 months now or the fact that they are holding my hard earned money... It's the fact that they lie to me, their customer. And not just lie once but, lie over and over and over. I was polite and undesrstanding the first five or six times I spoke with them but, now I'm down right furious!!! I could have had that money working for me but instead, I have it tied up in a ""lie factory"" with nothing to show for it! They would have possibly received another order from me if they would have only delivered my order at LEAST within 5 months and if they had spoke the truth when asked for status. Also, my one year membership is now 7 months old and I have yet to receive anything! They don't even have the courtesy to call, email, telegraph, no communication whatsoever to let me even know they're still in business!!! Every communication has been initiated by me! Furthermore, no mention has been made about any type of compensation, for holding my money hostage. UNBELIEVABLE!!!! How do these people stay in business???
me too
I have experienced, almost verbatim, what was described above. Justin Davis is a thief and need to be put away for the obvious Ponzi scheme he is running