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Silver Investment Ad
Did anyone else read the ad for buying silver in the Daily Sun the other day? If so, please note that the .5 oz. bars were apparently selling at $29 which is almost twice the price of silver rounds if I read the ad correctly.
The weight of the Florida bars was buried in the text of the article and I only realized that the price was twice that of one ounce of silver after I took the time to look it up. Buyer beware! |
Amazing how newspaper run adds that are such bad deals for their customers.
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Newspapers print the add submitted by the seller it’s not up to them to do investment research. As you said BUYER BEWARE
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As of today the price for 1 oz of silver is: $26.98 down .70 cents....
Silver Bar Ingots are a bit higher (design and time to make).. but yes, Buyers Beware! |
If you buy gold or silver coins or ingots, and then sell them back to the seller, you will lose about 8 percent of your money, assuming the market value has not changed. Not a good deal, in my opinion. The television ads for these coins often refer to them as an investment that will grow in value. Gold and silver are not growth investments. They are a commodity speculation.
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:1rotfl:
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Today Price on Silver per Oz.
Silver Spot Price Spot Change Silver Price per Ounce $27.05 -2.11% |
imo, owning hard assets is akin 9mm & .556 - good to have a decent supply
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There are all kinds of deceptive ads in our paper: gold and silver (and other precious metals), coins, worthless collectibles, back and joint pain treatments, dietary supplements, brain food, alternative arthritis treatments, nerve damage treatments, hearing aids - and the list goes on. I don't know if there is any policing of this by the paper or if they take on all comers, but in my opinion these ads are designed to prey on the elderly population and especially those suffering from some degree of debilitation and feeling some level of desperation. Regarding the medical treatments, just know that almost none are supported by a properly conducted double blinded clinical study. Buyer beware - don't be taken in by fancy sounding, too good to be true ads.
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Silver price
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Spot price of 1 ounce of silver is, as of this morning at 10am, $27.55; therefore, for 1/2 ounce to be selling at $29 is a total scam.
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Spot price is for a large silver bar
Not sure which but spot price is if purchasing a 1,000 oz or a 10,000 oz transaction otherwise there is a premium for the reduction in size and processing.
William S. Cook |
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“ A Villager named in a Securities and Exchange Commission emergency action is reportedly reaching out to investors again. John Gissas of Retirement Evolution Group LLC of Wildwood is accused of raising money for Par Funding, whose owners made “opportunistic loans” to small business owners across America – some at interest rates as high as 400 percent, according to the SEC filing. Gissas has raised more than $5.4 million from at least 62 investors for Par Funding through the offer and sale of promissory notes. Gissas, who lives in the Village of Gilchrist, is among numerous defendants named in the SEC filing.” |
52 week low for Silver was $11.52 we are at the highs now the same people asking you to buy bought at the lows, there is one born every minute.
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The Daily Sun is it a newspaper by any means, Just a local rag!
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Gold & Silver need to be purchased through a reputable company. I don't know how a buyer can determine the quality and worth, then find a buyer when selling. ETF's must be easier.
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$ 1964.30/oz .. gold..there is nothing like it.
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