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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)
>> "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
>> time.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.
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FIB - Scams 101 is maintained by Lesley Fountain with WebBBS 5.12.
| 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. Although we may, from time to time, monitor or review discussions, postings and the like on the Friends In Business (Scams 101) Message Board, we are under no obligation to do so. We are not responsible or liable for any claim arising from the content of any such discussions or postings or for any error, defamation, libel, slander, omission, falsehood, obscenity, pornography, profanity, danger, or inaccuracy contained in any information contained within such locations on the Site. You are prohibited from posting or transmitting any unlawful, threatening, libelous, defamatory, obscene, scandalous, inflammatory, pornographic, or profane materials or any material that could constitute or encourage conduct that would be considered a criminal offense, give rise to civil liability, or otherwise violate any law. You are likewise prohibited from posting any false claims against any company or individual. We will fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity of anyone posting any such information or materials. By posting messages and/or content on the Friends In Business (Scams 101) Message Board, you give permission for Lesley Fountain/Friends In Business/Shoestring Success Publications to display, distribute and use the posting and content for publication, advertising, promotion, excerption or example. You grant Lesley Fountain/Friends In Business/Shoestring Success Publications complete, perpetual, but non-exclusive rights to use, archive, reproduce, adapt, modify, distribute, sub-license, repurpose, rework, compile, or offer for sale or resale the messages, postings or content appearing on this site in whole or in part, throughout the world and universe, on a royalty-free basis without remuneration. If you cannot accept or agree with the terms of service for this website and discussion board, you are advised not to post on this board. 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!!). |