Please be Aware of Precious Metals Investment Scams.
The problem with investing in Precious Metals is that a lot of the companies out there are just not reputable. They make a great pitch to get your money and then they quickly turn your investment into a pile of rubble. The reason is because they tell you that they have you in a leveraged position, so that you can control more profit and neglect to emphasize the equal downside risk along with the fees associated with the investment.
Take $10,000 initial investment in Silver.
With Leverage you will control $25,000 of Silver.
Commission at 15% is paid on the entire $25,000
This leaves you with less than half of the initial principal in your account, and God forbid if you get a margin call because the price of silver declines. This is a very risky investment, and it is universally touted as being a safe-haven. Be weary of any and all investment products and always do your homework.
Take $10,000 initial investment in Silver.
With Leverage you will control $25,000 of Silver.
Commission at 15% is paid on the entire $25,000
This leaves you with less than half of the initial principal in your account, and God forbid if you get a margin call because the price of silver declines. This is a very risky investment, and it is universally touted as being a safe-haven. Be weary of any and all investment products and always do your homework.
Thank You Edward for more great info.
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