This is how it stands...

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Bit of thread cleanup going on.

May I remind *all* members to heed the forum guidelines and to communicate in a civil manner with each other. Making threats and publishing other members personal details will not be tolerated further in this thread from any member.
 
This is a quote from their RS Club PDF:

Royal Silver Company owns the patented (US patent 7,892,505) ARGOX Process, a hydro-metallurgical method for extracting all metal values from concentrates in the fastest time, for the lowest cost, and with the highest recovery. We have built an operational demonstration plant at our Cochabamba plant-site. The ARGOX pilot plant and the large scale traditional plant provide crude silver to our refinery. We process raw ores and concentrates, extracting silver and other metals without pollution. Our refinery uses trade-secret methods developed over a decade to make the world s purest retail silver--.99999 pure silver which is minted into one troy-ounce coins. Our extra-fine silver coins command one of the highest re-sale prices among all non-government, non-numismatic bullion rounds in the world.

Royal Silver Company has developed an opportunity to expand our operations and assume complete market control of Bolivia s production of zinc-silver concentrates, a potential $1 billion market. The entire national production of zinc and silver could pass through our company. The Bolivian government supports our expansion plan. We are financing the construction of the world s first zero emissions, large-scale, poly-metallic smelter. This expansion project will not be financed by the Royal Silver Club, but rather by institutional investors, mining companies, and private investors. The Royal Silver Club funds will be used exclusively to purchase silver concentrates for our retail coin business at our existing plant. The Royal Silver Club will be highly liquid--funds will be available at all time to members who wish to sell back their membership.

It does appear likely the primary goal of RSC is to sell/lease their patented extraction methods... so the coin business is probably only a proof of concept or attempt to make some income from the processing in order to fund their larger plans.

It's possible that RS Club funds have gone toward funding the companies "large-scale, poly-metallic smelter", rather than this money coming from inst investors as suggested by RSC.
 
hiho said:
anyone ever tested one of the coins?

XRF machines only do 3 decimal points , anymore it would have to go to a lab ,I'm not even sure if there is equipment to go to 5 dec points .
 
spannermonkey said:
hiho said:
anyone ever tested one of the coins?

XRF machines only do 3 decimal points , anymore it would have to go to a lab ,I'm not even sure if there is equipment to go to 5 dec points .

As spannermonkey said, commercial XRF equipment for the retail bullion sector won't cut it - you would need to send one off for assay. You would think that by now a competitor at least would have had one assayed.

I'm thinking there's a market for 6 9's silver. If you're not happy with the assay results, we send you the sixth 9, free!

Step into my office.
 
goldpelican said:
spannermonkey said:
hiho said:
anyone ever tested one of the coins?

XRF machines only do 3 decimal points , anymore it would have to go to a lab ,I'm not even sure if there is equipment to go to 5 dec points .

As spannermonkey said, commercial XRF equipment for the retail bullion sector won't cut it - you would need to send one off for assay. You would think that by now a competitor at least would have had one assayed.

I'm thinking there's a market for 6 9's silver. If you're not happy with the assay results, we send you the sixth 9, free!

Step into my office.

From asking ALL the dealers in Melbourne ,they all think it's a joke
They don't care about the purity as they want pay any more & it all melts the same ;)
They would only pay spot for the coins ;) ,at least with the Dragons I can get my $ back from certain dealers ;)
 
.99999 silver

So specifying .00009 extra silver, to say a .9999 Maple, right?

AUD spot price = $32.42 or 3242 cents

So extra specified silver you get is:

.00009 x 3242c = 0.3 cents of extra value per investment in one oz of silver

You wouldn't take any notice of it in an exchange would you?
 
spannermonkey said:
From asking ALL the dealers in Melbourne ,they all think it's a joke
They don't care about the purity as they want pay any more & it all melts the same ;)
They would only pay spot for the coins ;) ,at least with the Dragons I can get my $ back from certain dealers ;)

More of a marketing ploy rather than a joke. A ploy that does not interest me, same with the endangered animal and eco-friendly aspect of their production. I like them because people pay high prices for them.
 
finicky said:
.99999 silver

So specifying .00009 extra silver, to say a .9999 Maple, right?

AUD spot price = $32.42 or 3242 cents

So extra specified silver you get is:

.00009 x 3242c = 0.3 cents of extra value per investment in one oz of silver

You wouldn't take any notice of it in an exchange would you?

Depends why you are buying it.Certainly not worth any extrabased on quantity but if you have an industrial application requiring silver of the higher 99999 standard might be worth a few Bob

Not sure what you could do with silver but I have heard high purity palladium has the ability to act as a catalist enabling a form of cold fusion.
 
Brian emailed me last night and said that he will pay me my money soon.
At least he didn't give me another date.

O well fourth time lucky.
 
I received my outstanding RSC membership coins today. That is a positive step.

My 2 week's notification for receipt of membership refund ends this Wednesday. Allowing for bank clearances, I'll give it till Monday 17/09/2012. I wonder if it will happen?
 
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