The Lies About Silver Investment
You hear many things about the silver investment industry. And many of those things are lies, according to Jason Hommel’s latest article. Here are some of the highlights of his 50 Lies About Silver:
* Lie #3: You cannot verify whether silver is real without high assaying costs.
* Lie #14: There will be deflation, and silver does not perform well during deflation, and did not perform well during the depression of the 1930’s when silver was 25 cents per ounce.
* Lie #17: Most major coin shops are frauds, they will take your money and not deliver silver for months, so you are likely risking losing your money when you go to buy silver, if they go bankrupt.
* Lie #22: This one coin shop I know can buy all the silver I want, so there is no silver shortage.
* Lie #32: Who would want silver when you can buy silver in your brokerage account instead?
* Lie #34: If you store silver at home, the thieves will just come into your home and threaten to cut your toes off one by one unless you give them the combination to the safe, so you can’t store silver at home.
* Lie #35: You can’t eat silver.
* Lie #49: There is no inflation, the dollar will get stronger.
Clearly, Jason is in favor of silver investment, he makes an income from sharing his silver mining portfolio, so take his “lies” with a grain of salt. Still, it’s a fun list and worth a read.
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