Global Royalties Limited - BEWARE!
In 2005 I was approached by Global Royalties Limited to invest in Gemstones, the Company seemed to check out alright and in September that year I agreed to invest in a pair of Ruby Gemstones at a cost of about CDN$4000.00
A few moth later I was contacted by Global Royalties and was told that my Ruby’s had increased in value and I should move up to an Emerald which would be a stronger position, as I had made a modest profit on the Ruby’s I agreed and invested about CDN$11000.00 in a 1.10 ct. Emerald. I was told to expect to hold it for six to eight month at which time it should fetch about US$13000.00, and sure enough a few month later they called to say that it had gone up indeed and it would be wise to add more cash and invest in a larger stone.
I asked them to sell the Emerald before making this decision and this is when things changed, now the story was that the Emerald could not be sold at this time as there was “no market for stones that size” and “to be patient”. Well, I have been patient for four years, seems their only interest is to keep selling you more expensive gems with the promise of big profits which never materialize.
I have all documentation regarding my transactions and if you would like more details about my experience with Global Royalties feel free to contact me. [email protected]
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