American Hartford Gold may have been one of the most effective Gold investments, but do you know about them facing a lawsuit? This article will cover the details of the American Hartford Gold Lawsuit and uncover what led the American Hartford Gold Group to this legal battle. Without wasting your precious time, let’s find out.
Table of Contents
Introducing the American Hartford Gold Group
The American Hartford Gold Group is a trusted name in the metals industry. It provides services and products in the field of Precious Metals. According to online sources, it was founded in 2015 and serving its customer base with full satisfaction ever since.
American Hartford Gold Group gives their investors options for buying Gold and Silver in both Bars and Coins. They claim to provide the highest quality of Gold and Silver coins at competitive rates with full customer satisfaction. they’re known for their trust, integrity, and transparency with their investors.
The company operates in Los Angeles, West Coast, and Western US.
Click here to read more about the company American Hartford Gold Group.
Achievements of American Hartford Gold Group
Below are some of the achievements of the company. It managed to achieve this much in such a short period of time, which is quite impressive.
1. The company has an A+ rating with the Better Business Bureau.
2. The company has a 5-star rating on review platforms like Google and Trustpilot.
3. The company was ranked as the #1 Gold Company on the prestigious 5000 fastest-growing list.
American Hartford Gold Lawsuit
John Mathys is a retired professor who resides in Chicago, Illinois.
The legal dispute between John Mathys and American Hartford Gold has caused a sensation within the investment community, with far-reaching consequences for both parties involved. It happened in 2020.
According to John Mathys, there was a disagreement over alleged misrepresentations made by American Hartford Gold concerning certain gold investments’ value and legitimacy.
On December 11, 2018, John Mathys invested $35,000 in the company in Gold and Silver assets.
According to John Mathys, he was convinced to make unwise investment decisions based on false promises and deceptive tactics employed by the company in 2019.
John Mathys claims that several communications from the company raised concerns about an economic collapse and the possibility of the government taking control of bank assets.
As a result of this, he made 3 more investments with the company in October 2019. The total value of the 3 investments was around $569k approx.
But John Mathy claimed that the coins were not as valuable as depicted by the company. In fact, it was less than half.
And that led to the famous John Mathy vs. American Hartford Gold Lawsuit.
John Mathy had signed an STA at the time of investments. STA stands for Shipping and Transactions Agreement.
These were some important words related to this case of the STA,
Any dispute, claim, or controversy arising out of this Agreement or otherwise between HGG and the Customer, including but not limited to the breach, termination, enforcement, interpretation, or validity of this Agreement and the scope and applicability of the agreement to arbitrate contained in this paragraph, shall be determined by arbitration before the Judicial Arbitration and Mediation Service (‘JAMS’) office closest to Customer’s principal place of residence before one arbitrator who shall be a retired judicial officer.Mathys v. Hartford Gold Grp., 20 C 3927 (N.D. Ill. Dec. 7, 2020)
The company argued in court that Mathys’s claims should be submitted to arbitration due to the specification in STA.
Conclusion of American Hartford Gold Lawsuit
As per the details mentioned above, the court ordered John Mathys to present his claims in arbitration. and the case was closed by the court on 7th December 2020.
Legal Documents of American Hartford Gold Lawsuit
The above-mentioned details were a brief overview of the lawsuit. We tried to gather information from publicly available sources on the Internet. We tried to be as accurate as possible, but if you find any mistakes from our end, you can contact us to get them corrected. You should always do your own research before making any investments.
If you want to read more precisely about the lawsuit, you should definitely refer to the documents published by the government itself. We have linked two documents below which contain details about the lawsuit. Give them a read,
1. Case Details and Summary, click here
2. Full Case Detailed Analysis, click here
American Hartford Gold Group Reviews
1. Trustpilot Ratings and Reviews
The company almost has a 5-star rating with 1182 Reviews on the well-known platform Trustpilot. The platform also has reviews that you can read. Below is the link to the company profile on Trustpilot.
click here, to know more.
2. ConsumerAffairs Ratings and Reviews
The company has a rating of around 4.7 stars with 736 Reviews at the time of writing this blog post on ConsumerAffairs. You can read more about it from the link given below.
click here, to know more.
3. Yelp Ratings and Reviews
The company has a rating of around 4.2 stars with 42 Reviews on Yelp.com. You can read more about the company profile on Yelp. The link is given below.
click here, to know more.
American Hartford Gold Group Complaints
American Hartford Gold Group has received complaints regarding delays in shipment, which have left some customers frustrated. While the company prides itself on its fast service, instances of delayed shipments raise concerns for buyers.
However, it is important to note that delays in shipment can occur for a variety of reasons, some of which may be out of the control of the company.
One thing to note here is that Almost all the customers agreed that the customer support of the company was very satisfactory. The customer support of the company paid attention to the customer, which is a good sign.
It is essential for any potential investor to consider both positive and negative aspects when researching a gold IRA provider. While complaints about shipment delays are concerning, you should also consider other factors such as customer satisfaction ratings and the overall reliability of the company. Please do your own detailed research before making any investment to reduce the potential risks.
click here, to read the complaints of the customers in detail.
Various American Hartford Gold Products
1. Gold Bars and Coins
The company offers many options for investors in Gold. These options include Gold Bars and Gold Coins. Investors can choose the most suitable Designs according to their personal choices.
click here, to visit the Gold Products page of the company.
2. Silver Bars and Coins
The company also gives varieties for the investors in the Silver section. The Coins and Bars contain some designs like Queen Elizabeth Exclusive or Australian Wild Life Exclusive or many more options like this. It also gives options in the Bars section of Silver.
click here, to visit the Silver Products page of the company
3. Gold IRA (Individual Retirement Account)
Combining the stability of a traditional IRA with the benefits of owning Gold, this investment offers many advantages. With an American Hartford Gold IRA, you can diversify your portfolio and protect yourself against economic downturns and inflation.
click here, to read more about Gold IRA from the company itself.
American Hartford Gold Fees And Pricing
Before investing in any of the products, it is important to know about the fee structure and pricing of the products.
Various Fees Related to Products
1. Shipping Fees
According to Dallas News, American Hartford Gold ships products at no additional cost, which is a clear fair advantage for the investors.
2. Storage Fees
For products like Gold IRA and other similar products, The company charges annual Storage fees. The fee according to Dallas News is around $180 for storage purposes.
Pricing of Various Products
The pricing of the Products is not mentioned on the company’s product pages. The investors need to contact the company to know the pricing for each product. Since then products and their designs have been different, and the pricing may vary from product to product.
To know the pricing of any product, just go to the Products page on the company’s website and contact them to know the pricing.
I hope we covered the topic of the American Hartford Gold Lawsuit in depth. Thank you for reading this blog post. Stay tuned for more amazing content like this.
Also Read :
American Hartford Gold FAQs
Is the American Hartford Gold Legitimate?
Yes, American Hartford Gold is a legitimate company with a very good reputation in the precious metals industry.
Is American Hartford Gold Scam?
Absolutely not, American Hartford Gold is a trusted company in the field of precious metals.
What is the American Hartford Gold Minimum Investment?
The minimum investment for the American Hartford Gold is $5000 for Cash Purchases and $10000 for Gold IRA Purchases.
Is there any American Hartford Gold Affiliate Program?
Yes, there are affiliate programs for American Hartford Gold.
How Can I Contact Customer Support at American Hartford Gold?
You can contact customer support via a phone call or email as mentioned on their website.