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FIB - Scams 101

Re: Which is why it isn't a business OR an investment...

Posted By: Angel Optikarm
Date: Tuesday, June 8, 2010, at 7:41 p.m.(pst)

In Response To: Which is why it isn't a business OR an investment... (Mel. White)

All,
The 36.50 a month plus 6.00 dollars shipping a total of 42.50 a month no commitment, I get 1 uncirculated American Silver Eagle, an advertisement web site silversnowball.com/2629, and news letters. Part of that cost goes torwards another members coin "leverage" the rest for the website that you can use for marketing. If I have 2 members that buy 2 coins a month then I get 1 coin for the 2 they purchased plus my monthly purchased 1 coin. That makes me break even which breaking down the value i really paid 21.25 per coin. Let's say in 6 months I have 10 members now I get 5 coins plus 1 purchased coin of pure 1 OZ .999 Troy ounce of Silver. you can view my you tube videos search

Improper links removed by Moderator

Note: You don't get to post any links to sites recruiting for the "opportunity of illegal pyramid" that you are promoting in your post.

Angel Optikarm

>> >> HOWEVER,
>> >> the markup is rather high at about 100%. Spot price of silver
>> today is
>> >> $18.30; their subscription cost is $36.50 per coin per
>> month...2x its
>> >> silver value.

>> The rule isn't "buy high, sell low" and the $36.50 isn't the
>> price you quoted the first time (it was another $6 or more.) If the coins
>> you are buying are true collectors coins (MS 65 or better, and true
>> collectibles -- not commemoratives) then you can expect a rise in value.

>> If they're commemoratives, then they're generally worth only the price
>> of silver unless you happen to get a "hot item." I own some
>> commemoratives because I liked the coins, and (bought in 1975) their value
>> has gone up about 2 times what I paid for them (using your report on what
>> spot silver is today.)

>> Holding a coins for 30 years isn't much of an investment, and as
>> Margaret points out, the people selling you this silver are soaking you
>> for a lot of money each month. Of course, it's your money and if you want
>> to buy a car for twice its sticker price or buy a tv for twice its sticker
>> price or buy coins for 2 to 8 times their real price, then no one is
>> stopping you.

>> But we're not going to tell the folks who read the board that this is
>> a good idea. Me, I prefer to pay an honest and fair price for what I get.

>> As Margaret says, you'd even get a better value based on the spot
>> price for silver if you buy her lovely jewelry.

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