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Replies: 65 / Views: 11,227 |
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Valued Member
United States
85 Posts |
Quote: If silver becomes expensive and highly sought in the future, there would be no trust on any brands; since the counterfeiting could be rampant due to the potential profits. Correct me if I am wrong, but then the people would sue the big companies for false advertising. BAM the company falls into dept. No major smart company would ever start creating fake silver bars when the people would go to them because they know that they have real silver bars. As soon as someone finds out it is all over with. RCM, Pan Am and many more. No suing. Just ripping people off daily. EDIT- Guess I cannot post links yet. There's a site that sells tons of fake bars based overseas. Look like the real deal. All plated. All have subtle differences though but to many, they will not know. Get sold on ebay daily. Website still up and going. (20140630) Not Allowed - Auto-Removed/showroom/silver-plated-bullion-bars.html
Edited by Ryans Rust 06/14/2015 1:17 pm
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Pillar of the Community
United States
6478 Posts |
Quote: RCM, Pan Am and many more. No suing. Just ripping people off daily. What? The link does not work.
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Valued Member
United States
85 Posts |
The powers that be are not allowing me to post the link that sells fake bars.
wow I cant even say the name.
Edited by Ryans Rust 06/14/2015 1:23 pm
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Pillar of the Community
United States
6478 Posts |
But why did you mention the RCM and Pan Am?
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Valued Member
United States
85 Posts |
There is a overseas site that sells fake silver bars. Bars with brand names of RCM 10oz silver, Pan Am and many others (some even packaged in plastic like the real ones). Counterfeit junk. I mentioned them as you said the companies will stop this if it happened. It's happening. I tried to send you a PM and cannot do that either. *** Edited by Staff - There's a reason we've banned their mention ***
Edited by Ryans Rust 06/14/2015 1:30 pm
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Pillar of the Community
United States
6478 Posts |
Well yeah, that is why you buy directly from reputable dealers, ones you are familiar with and ones that other people use. Weird how it is not letting you do that stuff.
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Pillar of the Community
United States
6478 Posts |
Quote:
Quote: If silver becomes expensive and highly sought in the future, there would be no trust on any brands; since the counterfeiting could be rampant due to the potential profits.
Leon, when you say this it is hypocritical, at that time you would want 90% junk silver.
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Valued Member
United States
85 Posts |
Oh I know. I only buy real. I used to collect other things and am well versed. But it's all the other fakes out there that will hurt us all in a dire need situation where silver is money for food like the OP mentioned. Your average joe will only know 2% of what you do in PM and will trust very little. Just like my knowledge of valuable lincolns are there is copper, zinc and the VDB.
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Pillar of the Community
 United States
586 Posts |
@SSK, I mentioned in one of my replies here; that it took two years for me to switch from rounds to coins. That's why I listed them on another thread. However, I start to question whether that was the right move.
That's why I started this thread.
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Pillar of the Community
 United States
586 Posts |
From most the arguments above, sounds like it is impossible to have fake 90% junk?
Like I said, if silver becomes highly sought; fake 90% junk might appear on the market, too.
Then it is up to the technology advance to authenticate the material; and where is the advantage over rounds? And right now 90% junk carries higher premium ... ... for what then?
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Pillar of the Community
 United States
586 Posts |
@SSK, again I wasn't trying to rile up anyone here.
The problem is, nobody seems to be able to convince the others. If that makes you feel angry, then it simply means it is good subject.
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Pillar of the Community
Canada
3692 Posts |
I'm not going to argue with someone who has already made up his or her mind. Take it or leave it. Continue buying junk, I will stick with the pure raw form of what I seek. Alloyed metal is useless to me, so maybe I have different reasons for being in the PM world. I stick by my opinion that real stacking, in its purest form, is cramming a safe with pure .999 quadrilateral bars. There's no better way to realize space in a safe, why would you stick copper in a safe. Used alloys are junk. Square coin tubes waste space. If this doesn't make sense then your resources are being squandered and your goals are being realized very slowly while weighing you down. The only way it makes sense to collect junk is if you like that form for pleasure. "Diversifying" in pure silver forms is nonsense. Look at silver for what it is, not for what it says on the stamp.
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Pillar of the Community
United States
6478 Posts |
For investment purposes your best bet is junk. That is because, if silver goes to zero, it won't, you have face value, you always have numismatic value, and it is recognizable. Premiums are better and can rise with junk silver.
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Pillar of the Community
United States
1158 Posts |
Your OP mentions a dire situation. If the economy is that bad, that we have to barter silver for basic goods, then we will not have APMEX kicking around making legit silver rounds. We will have to make a decision if the silver we are being bartered is genuine. A U.S. 90% silver coin is of know size and weight. Those are easily checked. We also know what they are supposed to look like since we are used to handling them for much of our life. Counterfeiters would have to make a super high quality reproduction die, and figure out how to match the diameter and weight of a 90% coin in order to fool very many people. This is a challenge that would require skill and capital. On the other hand, there are so many silver round types that it would be difficult to check based on size and weight. As long as the coin weighs 1 troy oz, it could be any size or thickness and you'd have no idea what is in it. Rounds come in so many designs, you could just fake your own new design and who would know it wasn't a real silver round from before the collapse? I suppose if you are talking Maple Leafs and American Silver Eagles, then there is some factor of verification there. So those may be as good as 90% coins, but often have higher premiums, too. Now personally, I think silver will also tank in value in a true economic collapse, just like paper money and stocks. When nobody has money to buy silver for investment purposes, the price will drop like a rock.
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Pillar of the Community
 United States
586 Posts |
@tkbslc, Without new technology on silver tester, yes you're right that old circulated coins do have an edge. But my LCS charges $2.79 over spot for 90% junk, I chose to order some silver Britannia instead; which only asks for $2.25 over spot. Moreover, it is going to be brand new, proof finish quality. I guess Britannia has a super high quality production die, too. 
Edited by leon1998 06/14/2015 6:46 pm
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Replies: 65 / Views: 11,227 |