NOTICE TO WCM CLIENTS & Site Visitors:
As of December 1, 2018, the
owner & principal of Wexford Capital Management, David W. Young,
approaching 7 decades of age, went into full retirement with the company
ceasing all operations. Naturally, any outstanding orders or
buy-backs with WCM as of 12/01/18, will be handled in the same
professional manner in which they were managed for the 29.6333 years of
Mr. Young originally planned to retire in 2 to 3 more years, but the
U.S. Supreme Court on June 21, 2018 unexpectedly changed the date of
retirement. Since WCM operates solely within the Internet to
generate revenue, the short-sighted & uninformed decision by the Supreme
Court to allow State Sales Tax to be charged on all internet sales would
create both a huge man-hour and cost burden upon the company to
administer and comply. State sales tax filing software is not
cheap, the States generally require a company to file monthly or
quarterly REGARDLESS OF WHETHER OR NOT A TAX LIABILITY ACTUALLY EXISTS,
and the time required to input the raw data into any system would be
unduly burdensome on the company. Many small internet businesses
such as WCM will close in the next year or two based upon this ruling
that will ultimately prove costly to both consumers and the U.S.
economy. The States with the most precarious fiscal conditions
will lead the way with new internet sales tax legislation, which cannot
be retroactive, and you know who they are.
In order to provide continuity for my existing clients, who Mr. Young
thanks wholeheartedly for the twenty years plus that WCM has been
selling and buying Precious Metals Bullion, and the fifteen plus years
of selling and buying Fancy Colored Diamonds, the following highly
experienced and trustworthy entities are unequivocally recommended for future
I. PM BULLION
PURCHASES & SALES ( Buy-Backs )
Treasure Island Coins,
(701) 204-0664, Trader Matt Dols will handle WCM clients.
Street, Fargo, ND 58103
DIAMOND PURCHASES & SALES
Leibish Polnauer & Company,
580 Fifth Avenue, Suite 2502,
New York, NY 10036
2. Stephen C. Hofer, Fancy Colour Consultants, LLC
Wexford Capital Management has conducted millions of dollars of
transactions over a period spanning 10 to 15 years plus with the above
referenced companies, and can attest fully to their efficiency,
integrity, fair pricing, and achievement of total customer satisfaction
in all phases of Precious Metals Bullion and Fancy Colored Diamond
purchases and sales.
As General MacArthur said during his fairwell speech to Congress on
April 19, 1951, "Old soldiers never die, they just fade away".
In my own words, the quote would be,
"Old sages never die, they just
quietly fade away".
And with that parting message, I bid you adieu and thank you all once again
for your business and loyalty over the years.
David W. Young, The SAGE of Wexford
P.S. Webster's definition of "retirement":
(Entry 1 of 2) : the act of ending your working or professional career :
the act of retiring.
: the state of being retired.
: the period after you have permanently stopped your job or