Rosland Capital LLC: International gold and silver dealer files Chapter 11 bankruptcy

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International gold and silver dealer files Chapter 11 bankruptcy​

Precious metals investors saw their holdings skyrocket in value in 2024 and 2025, which was great news for them, but bad news for some dealers, such as Rosland Capital LLC.

Rosland Capital filed for a Chapter 11 liquidation facing distress from declining profitability compounded by an unsustainable order fulfillment model amid record precious metals prices.

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Bill Devane did the commericals. Another one bites the dust. Makes me think all the people leasing their gold might be in for something similar?
 
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Nuts, no I had no money with them...




Rosland Capital filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Central District of California on July 2, 2026, to conduct a court-supervised wind-down and sell its remaining customer data assets. The firm is facing multiple customer claims, mounting unfulfilled orders, and pending investigations by the SEC and NY Attorney General
 
I guess TV commercials with celebrity spokesmen airing on cable news stations frequently is rather expensive.

william-devane.gif

Edit: "Rosland Capital's only creditor listed on the petition was Fox News Network LLC, owed over $1.9 million."
 
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Tucker Carlson was offered some huge amount (I think $20 million) to advertise one of these huge (overpriced) gold scam companies on his podcasts. I don't remember him naming Rosland by name, but he did say they advertise on TV using popular actors as spokesmen.

He did some investigating and claims they are not ethical, pushing "rare" limited mintage foreign coins to novice retirees.
Nobody really cares about a Liberian coin with a mintage of 500 pieces. These limited issues don't draw a premium at resale time.

Carlson opened Battalion Metals, selling gold at very small margins and offering metals IRA accounts.
There are some long podcasts on Rumble where he explains the scam and how they pressure people to buy the over priced products.
 
Some boiler room called me offering 2x spot MS69 silver eagles with some Trump hallmark. The scams never end.
 
Interesting, I never heard of Battalion Metals.

Tucker Carlson embracing goldbug ethos

 
I was listening to that podcast, or one similar, when he went down a short list of ripoff websites that had offered him money; that his staff found was selling overpriced "numismatic" and "commemorative" discs - up to eight times the gold-content value, IIRC.

Buy local, as said above. Once you are comfortable in the world, you can easily find a local vendor to sell coins or rounds or bars. See if the price-per-weight and vig seem fair to you. Shop around; and when you find a good source, use it.

Once I didn't know better, and bought from Kitco online. It wasn't a bad choice, but I didn't know anything - Unca Walt recommended them - and I could easily have been gulled. As I was, later, with fake silver bars.

But most potential buyers don't need the online sites with expensive marketing programs.
 
I was listening to that podcast, or one similar, when he went down a short list of ripoff websites that had offered him money; that his staff found was selling overpriced "numismatic" and "commemorative" discs - up to eight times the gold-content value, IIRC.

Buy local, as said above. Once you are comfortable in the world, you can easily find a local vendor to sell coins or rounds or bars. See if the price-per-weight and vig seem fair to you. Shop around; and when you find a good source, use it.

Once I didn't know better, and bought from Kitco online. It wasn't a bad choice, but I didn't know anything - Unca Walt recommended them - and I could easily have been gulled. As I was, later, with fake silver bars.

But most potential buyers don't need the online sites with expensive marketing programs.

Way back in the day I did buy a few Gold Eagles from Kitco. No problem. Also used SD and for the bulk I used CNI which I believe was bought out by Gold Dealer a number of years back. The vast majority of purchases I used BB Wholesale in Bound Brook NJ. Bob the original owner sold a few years back. I was among the last bunch who Tulving did pay just before he went BK for the 2nd time.
 
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