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FIB - Scams 101
No -- and yes
Posted By: Mel. White In Response To: Silver Snowball? (Guest)
Date: Friday, April 18, 2008, at 4:31 p.m.(pst)
In Response To: Silver Snowball? (Guest)
>> "Thank you for filling out the form at Silver Snowball . com and
>> for your interest in a fast simple way to accumulate silver.
>> You are getting in at a great time because SSB just started and
>> precious metals have been moving up steadily. Gold keeps making new
>> all time highs daily. Silver, which has even greater profit
>> potential, has been blasting up and could spike much higher at any
Not really, and I speak as someone who actually collects silver coins. Yes, there's good profit potential in them. No, you're not going to get it from them. That's an MLM type operation and you'll pay out the wazoo for plain old spot silver.
If you want to get into coins (yes, it's a business that I think is good), the FIRST thing you need to do is get off the internet and go to a coin shop. Spend some time with the proprietor and tell him that you're interested in investment grade coins (this is what I did.) Learn where to find out what's hot and were to sell the coins (not Ebay, usually).
If you want to get into spot silver and not worry about coin condition, the shop will sell you the same silver you can get from Snowball, without putting you on a "plan" or anything else. Most shops buy, but you have to know when to go in and sell it, since "price offered" is much lower than "price being sold at."
Be prepared to hold onto the coins for years... however, the right coins will do superbly. I have coins that I bought for $15 some 30 years ago that are now worth over $250.
So, yes, grab some spot silver or collectors' silver -- but do it from a local coin shop. It will save you "buyer's regret" in the long run.
Messages In This Thread
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| PLEASE READ THIS LEGAL NOTICE CAREFULLY BEFORE YOU FILE A LAWSUIT OR EVEN WASTE TIME THINKING ABOUT IT. It has been done before, but never successfully. In fact, the last dodobird who tried it ended up being ordered to pay more than $77,000 in attorney fees ($65,000+ to my attorneys and $12,000+ to my co-defendant's legal advisor).
If your attorney is worth his salt, he's going to tell you that the expense of filing a lawsuit you can't win is a whole lot worse than any "damages" resulting from messages posted on this insignificant little chunk of cyberspace.
NEWS FLASH: I didn't just climb down off that ol' turnip truck yesterday. I'm well aware that expressing a negative opinion, relating one's personal experience, and restating provable facts are all legal in this country and do not constitute libel, slander, or defamation -- so you don't want to play games with me, and you sure don't want to start something you aren't prepared to finish. I don't take threats lightly, and I don't accept bribes (or did you call it a "mutually-beneficial arrangement"?). I'll turn you in faster than you can yell, "ARREST ME, I'M SCUM!!"
Do yourself a favor and turn your legal team loose in greener pastures.
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In closing, I would like to remind you once again that it is still legal, in this great country of ours, to express a PERSONAL OPINION, as long as it is presented as opinion and not as fact.
And finally, all you scammers out there will do well to remember that TRUTH IS AN ABSOLUTE DEFENSE against charges of libel, defamation, and slander... so if you're operating just a hop, skip, and jump ahead of the law, you might want to think twice before doing anything stupid... (AND SHAME ON YOU!!).