Risk Disclosure
Performance data quoted represents past performance. Past performance is no guarantee of future results. Investments in precious metals will fluctuate in value, when redeemed they may be worth more or less than their original cost. Investors may lose value at time of redemption. Before risking your retirement funds, you should consult with qualified legal and tax adviser to obtain a second opinion.
Holding Period. Rare coins and bullion should be considered a long-term investment. Customer should be prepared to hold any item purchased for at least a three to five-year period, and preferably five to ten years to maximize the potential for gains. Customer should only invest capital that can be held for at least this estimated period of time. Customer is aware that Electrum Gold makes no guarantee or representation that Customer will make a profit at the expiration of such period of time. Customer acknowledges and agrees that Electrum Gold does not provide investment advice.
Customer Assumes the Risk of Investment(s). Customer assumes the risk of all investment decisions regarding all purchased items. Electrum Gold makes no guarantee or representation regarding Customer’s ability to profit from any purchase or any representation regarding any tax implications of any purchase. In no event shall Electrum Gold or its employees or agents be held liable for any direct or indirect damages arising from Customer’s purchase. In addition, Electrum Gold disclaims any express or implied warranties, including the warranty of merchantability, and any warranty as to the grade or description of any item. Customer alone decides what items to buy and when to buy or sell. Electrum Gold does not guarantee the profitability of any purchase nor does Electrum Gold guarantee that Customer will be able to sell any item purchased for a profit in the future.
Customer’s Investment Objectives and Financial Situation. Electrum Gold is always prepared to assist Customer in selecting coins for a portfolio or collection. Customer acknowledges, however, that the decision to purchase coins, and which coins to purchase, is ultimately the Customer’s alone and Electrum Gold is not responsible for Customer’s decision to purchase item(s). Customer acknowledges that any and all assistance Electrum Gold may offer to Customer, does not create a fiduciary relationship between Electrum Gold and Customer. Any and all purchases that are made are subject to Customer’s own prudence, judgment, and ultimate decision. Electrum Gold does not provide tax, investment or legal advisory services and no one associated with Electrum Gold is authorized to render any such advice. Any written or oral statements by Electrum Gold, its principals, agents, or representatives relating to future events constitute opinions only. Customer further warrants that he or she has had the opportunity to discuss the risks of this investment with Electrum Gold and/or Customer’s own financial advisors, and was not coerced into deciding to purchase the item(s).
Disclaimer of Damages. In no event, and under no legal theory, contract, tort, or otherwise, shall Electrum Gold, its principals, agents, representatives, subsidiaries or affiliates be liable for any direct, indirect, special, incidental, punitive or consequential damages of any kind whatsoever, including but not limited to damages resulting from loss of profits, wages or business, even if Electrum Gold is advised of the possibility of such damages.
Volatility of Market. The success of an investment in coins is dependent in part upon extrinsic economic forces including supply, demand, international monetary conditions and inflation or the expectation of inflation. The impact of these forces on the values of coins cannot be predicted with any certainty. Customer acknowledges that the coin market can be volatile and that coin prices may rise or fall over time and that past performance is no indication of future performance. Moreover, rare coins are not suitable investments for anyone seeking current income. Electrum Gold shall not be liable for loss caused directly or indirectly by any exchange or market ruling, government restriction, or any “force majeure” (e.g. Acts of God, fire; war, insurrection, riot; communications or power failure) or any other cause beyond the reasonable control of Electrum Gold.
Retirement Accounts. Electrum Gold has made every effort to comply with current federal laws in connection with Coins that are placed in an IRA. However, Electrum Gold expressly disclaims any responsibility or obligation for any tax impact to Customer as a result of future Internal Revenue Code regulations or interpretations of current law. Customer expressly acknowledges and agrees that Customer has been advised to seek independent tax advice and that Electrum Gold has made no representations regarding the tax impact of Coins held as an investment in an IRA.
No Refunds Except as to Counterfeit Coin(s). Electrum Gold shall not be obliged to accept returns of any coin(s) for refund other than counterfeit coins returned in their original holders within ninety (90) days of purchase. In the case of counterfeit coins, Electrum Gold’s liability to Customer shall be limited to refund of the purchase price or replacement of the coin(s) in question. Electrum Gold expressly disclaims any further liability to Customer, including any liability for lost profits or consequential damages as a result of counterfeit coins. In no event will Electrum Gold be liable for a replacement or refund of the purchase price for any coin purchased by Customer if more than ninety (90) days has elapsed since the date of receipt regardless of when Customer became aware of the claim.
Disclaimer of Express Warranties. Electrum Gold warrants that the nature and precious metals content of the purchased item(s) are as described and are genuine, but no other express warranty is made in respect to any purchased item(s). Grades and descriptions of rare coins are opinions only, not statements of fact or guarantees, and are based on standards and interpretations that can and do change over time. Electrum Gold uses contemporary grading standards and interpretations to grade coins, or relies upon the opinions of independent grading services such as the Professional Coin Grading Service, Inc., Numismatic Guaranty Corporation of America and ANACS. Electrum Gold does not guarantee that the coins it sells will achieve the same grades from Electrum Gold itself or from any independent grading service in the future.