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Silver Snowball?

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Silver Snowball?

Postby realmoneyHOARDER » Sun Mar 20, 2011 4:08 pm

Ive heard of silver snowball and would like to know if it is legit or something like that

Any help or info would be highly appreciated
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Re: Silver Snowball?

Postby Neckro » Sun Mar 20, 2011 4:10 pm

freakin over priced scam
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Re: Silver Snowball?

Postby theo » Sun Mar 20, 2011 4:27 pm

It sounds like a classic ponzi scheme. They are making money on the subscription ($65.00) and then on the coins that they sell, which I'm sure have steep premiums. The few who come out ahead in this scheme do so by getting friends and family to grossly overpay for silver.
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Re: Silver Snowball?

Postby Know Common Cents » Sun Mar 20, 2011 5:47 pm

Stay far, far away.
"I don't know what I'm doin' but I'm sure havin' fun" Herman Munster

I've recently adopted the Groucho Marx philosophy for dealing with politics and other life challenges, "Whatever it is, I'm against it!" (Horse Feathers 1932)
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Re: Silver Snowball?

Postby 999Ni » Sun Mar 20, 2011 8:22 pm

yup, scam
Ron Paul 2012!

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Re: Silver Snowball?

Postby barrytrot » Sun Mar 20, 2011 8:28 pm

It does not appear to be a scam or ponzi scheme. Just a really BAD version of an MLM :)

MLM's are fine, but some have products that are worth very little (i.e. "Silver Snowball") and some have decent products :)
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