World's First Silver Bonds!

An aside,

I would not buy a 'Bond' off ANYBODY!

it is in effect an UNsecured loan, with NIL chance of getting a cent back if the borrower renegs.

The only security is hopes and prayers.



OC
 
Dwayne said:
I can't remember - did it say anything about postage for all these individual coins?
Click to expand...

"Coins are delivered free of charge, no matter where you live in the world" - Royal Silver Club brochure
 
Id say USD :) Unless their biggest market is AUstralia - which is actually possible the way we've lapped up their coins :) - but no - USD for sure.
 
Old Codger said:
An aside,

I would not buy a 'Bond' off ANYBODY!

it is in effect an UNsecured loan, with NIL chance of getting a cent back if the borrower renegs.

The only security is hopes and prayers.



OC
Click to expand...

Gotta agree OC

It is awfully tempting, but Bolivia, no thanks.

Maybe we should all take turns in a hit and run, buy bond, max out allocated round purchase at $3 premium, sell bond next month.
 
fiatmoney,

One of the golden rules of investing given to me as a teenager in the Bank.

"The higher the gain, the greater the risk".

I have never forgotten it.


OC
 
If people had the option of receiving their money back in AUD's rather then USD's I'm sure their would be a lot less hesitation & more takers, i know i would. The fact that people in the know feel it a prudent measure to hedge in the first place over this issue is a sticking point in my view but hey what the hell do i know.

I read through this some time ago when the issue of using posts from this forum were being used on the Royal Silver site (mine included) & the above was the deal breaker for me.
 
Old Codger said:
fiatmoney,

One of the golden rules of investing given to me as a teenager in the Bank.

"The higher the gain, the greater the bailout".

I have never forgotten it.


OC
Click to expand...
Fixed
 
Old Codger said:
fiatmoney,

One of the golden rules of investing given to me as a teenager in the Bank.

"The higher the gain, the greater the risk".

I have never forgotten it.


OC
Click to expand...


you saying the 9.8% one might expect to make with their cash sitting in the royal silver bond is high gain? really? I expect to make more from silver than i do the bond... but then again - the top could be in for silver - we *think* its not... but it could be... we won't know until we see it.
 
Hey John, OT but did you end up loading up on physical with the whole "> $40 for 3 days in a row" thing?
 
Ya gotta ask yourself , Do You Feel Lucky Punk ? OPM (other peoples money) does not instill the same amount of risk assessment as might be found when risking ones own neck. And 10% is ...... well 10% for quite a bit of risk really. 10% of nothing is .....
 
An extremely hard thread to comment on without getting someones nose out of joint.

REDBACK
 
A bond is only as safe as those who have issued it. Not my cup of tea as:

1. Owning your own metals is more "private" as only you know what you have unlike a bond with a paper trail

2. What's the financial position of the bond issuer? Will I wake up one day to find the vault cleaned out, my metals gone and all I have left is a nice framed piece of paper (certificate)?

3. Whats to stop the bond issuer using my metals in other investments and then those creditors being higher up the food chain in the event of bankruptcy thereby getting certificate holders metals?

From Opes Prime, Bernie Madoff, Henry Kaye and a myriad of others, many have lost a lot because the people running the proposal seemed like good guys but they turned out to be anything but.

*NOTE* I dont know the people/companies behind this particular investment vehicle and my comments are just made generally.
 
I have read all the details on the site and think it is a good investment and willing to take risk and buy a cetficate but have had problems - they say 'no delivery to my area' so I couldn't complete the transaction.

I visited Bolivia about 20 years ago and did a tour down a silver mine - nearly passed out from the heat and fumes as it was a deep mine - I don't know how the locals worked down there with no ventilation, may have improved these days. They were all chewing coca leaves to keep them going all day, I tried some coca leaves but it didn't do anything for me! :P

This is a peaceful stable nation and I don't see any problems. The Mint is already producing excellent coins - (do I get a discount for the promo! :D )

Stelle - I have sent pm.
 
If I had a lot of cash burning a hole in my pocket I might give it a shot.
But I would rather buy coins direct from them and be done with it.
You pay a little more but you will sleep better...
 
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