I\’ve been tipped off to something that I\’m absolutely certain is a scam.
But I have a feeling that it\’s a legal scam. Not as in a scam about the law, but as in a scam that is legal.
There\’s some blokes out there advertising for phone salesmen to sell rare earth metals to the general public.
Nothing illegal about that at all. Very silly of anyone to buy them, this is true, but nothing illegal.
In fact this was done a couple of decades back in the US. Blokes started getting small ingots of germanium and indium made up and selling them using boiler room tactics. Of course the price they were sold at was way above wholesale value. The spread (I think they were willing to buy and sell) was absurd etc.
So, given that I\’m almost, almost, certain that anyone who buys from these guys is being ripped off, what actually can or should I do about it?
For it isn\’t illegal to phone someone up and ask \”Wanna buy some neodimium?\”, nor should it be.
But what next?