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Review content:
I don't normally engage in this kind of online review-writing, but based on the dealings I've had with Jules Karp Inc I felt morally compelled to register to a website like this to warn others of this awful company.
My experience with them began almost two years ago, when a friend of mine and I were investing sporadically in silver. He had done some business with them in the past, and I was enough of a rookie in precious metal investments to wholly trust his judgement.
As noted in another review, the office is a cramped, dingy basement ordeal without even standing room for more than 4 customers at a time. My friend and were looking to each buy a 100oz bar of silver, which we did; his was an Engelhard and mine was a generic 100oz slab of metal with 'Certified Ingots' stamped on it. We both paid the same price, $2800. This seemed a little odd to me at the time, but I was repeatedly assured this was standard procedure by the clueless, frazzled woman who is essentially the only employee there that will talk to you on the phone, which is frustrating enough in itself.
Anyway, my friend had no problem holding onto his bar for about a year, and selling it right back to them. On the other hand, when I tried to sell mine to another bullion merchant closer to my home, they wouldn't take it. I spent weeks calling and talking to different buyers around all of New England, and folks were either not interested from the moment they heard it was generic or turned me away the minute they saw the physical bar.
The worse part was calling the office and talking to that woman about trying to sell it back to them. She outright denied any wrongdoing on their part, and refused to buy the bar back from me at any price (""Oh, I actually have enough silver right now, I'm not interested.""). I am now stuck with a very effective, but VERY overpriced paperweight. I'll have to end up sending it to a refinery, and they'll test it, and even if it is pure .999 silver they'll pay me wayy under spot per ounce for it, and I won't make any money at all off the 2 years time and money invested and the hours I've spent stressed out trying to get rid of it.
AVOID JULES KARP at ALL COSTS!
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