I liked the idea of what the RSM was trying to do, but with the recent problems Dusty is having over at the RSM (Don't discuss that in this thread please) I looked around a bit and saw these guys. Their stamped rounds look beautiful to me, and I was wonder if anyone was a member or has anyone had any dealings with these guys? Thoughts? I think it would be a good way to get some "free" (not technically) silver on the way and to add some to the stack. It appears their rounds sell for a decent premium so that would be interested to see what the market is for them here in the US. Thoughts? http://www.pagnanibullion.com.au/index.php?route=product/category&path=64_83
I seen this last year and had a good long think about it, I came to the conclusion that it was not worth the risk. I would rather spend $5k on silver now and hold it in my hand rather than wait (hope) that I would get my free coin every month. You know how the saying goes Just my take on it anyways SS77
SS77, I thought of that too, but if you look on flea-bay, the 1 oz rounds seem to be going for around 50$ USD. that is a 10% return a month at the current market prices. That is without buying any at their special price and reselling them. So, it has me interested . .
I actually bought 2 of these blobs off fee-bay a few months ago when spot was about $30 and I got them for $34 each so don't count on you always getting those sort of returns when you sell on the bay. Myself personally am going long on silver so im not looking at buying and selling for profit as I just dont have the time. Having $5k of silver which is about 160+ ounces in my hand today seams alot less risky than relying on a premium based market and the honesty and ethics of a company on the other side of the world. As we all know that deals like this can turn bad real quick. SS77
The Pagnani Silver Club and the program offered by RSC are remarkably similar - not sure which came first. Further due diligence would be required that it doesn't constitute a managed investment scheme etc, but at least for many members of the board interested in such a thing it's in a local jurisdiction.
GP, I liked the fact that they are an AU company and was hoping someone on here was already a member to provide some insight! Thanks!
I chatted with the Director of The Pagnani Silver Club last night on Skype and was told the Club is a Win Win situation. The Director
Loving the professional office attire of the erm... director It's not just the attire - its reading the words 'THANKUFULL' along with 'win win' and other such bollockspeak. Might I also add the following into the mix: Note that at no point does it mention that the coins are .999 in either gold or silver. Also note the bracketed text, which simply means they can send you whatever they like, as long as in the 12 month period, they honour the 1oz per calendar month agreement. That seems open to serious misinterpretation methinks. My opinion: Just like RSC - Put me down as a 'no thanks' - and thats putting it lightly.
Are some of you for real?? I had a quick read. Who are the Directors and where is the Corporate Governance on this Website? What backing does this company provide? As part of my Due Dilligence when investigating buying shares on the ASX the first thing I do is check the Directors and their previous undertakings within previous companies. Even then there is still know guarantee. At least with a Public listed company you can check their financial history and read the announcements. These type of schemes carry major risk when you don't know the ins and outs of the company. I would much rather minimise risk and pay a bit more if I wanted their coins. IMHO. Cheers markcoinoz
Ha ha FAIL :lol: I'm not so worried about "there turn of capital" but I am worried about my "return of capital" :lol: Complete with meticulously detailed company history, ABN, location of the "refinery" and everything.
Was that really skype Hilare9? It kinda reminds me of the night I got drunk with the lads and went on Chatroulette (an experience that will haunt me til the day I die)
These clubs are a major FAIL> Just buy & take delivery, no need for the fluff of memberships. Speaking of which, premiums on bullion are pretty attractive in Australia right now.
if you're not holding it.....you dont own it... seriously, dont think its a smart thing to be doing giving a company money so you can become a member and get a 'free' coin... what a joke....
I don't care how you look at it .I wouldn't touch it Just the fact that his selling membership the same way ,tells me to run
Exotic Wealth Schemes that promise the bait of above market returns or very attractive membership benefits have usually two common ingredients. A Smart Vendor and Greedy participants. Normal End result=Cluster Fuck
