Simon Black (of Sovereign Man) Spills 4 Silver Investments to Avoid
April 12th, 2011We don’t consider ourselves investors here at Silver Circle. We are filmmakers! However, the characters in Silver Circle live through us on a day-to-day basis. I know Zoe and Bernie would want me to share this with you, so take a look at some investments you should avoid if you are riding this crazy silver train.
Because Silver has become a popular commodity (out performing gold) investors are suggested to play cautiously and not jump into any good deal you see. Sometimes things that seem to good to be true really are!
Here are 4 suggestions from Simon Black:
1. The iShares Silver Trust ETF (SLV). Paper is NO SUBSTITUTE for the real thing.
3. Couer d’Alene (CDE on the New York Stock Exchange).
4. Silvercorp Metals (SVM on the New York Stock Exchange).
The one that caught my eye the most was the fraudulent silver bars. Not that I could even come close to a 100 oz. bar, it is important to know who you are getting physical silver from, especially in high quantities. Crooks are everywhere, even more so today because of the rising demand and stellar-performance of silver.
The Rebels suggest you be educated on your silver or precious metals. I’d listen to them if I were you, they have a ton of experience…just wait and see!
H/T to Sovereignman.com
