Silver Prices

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[edit] Global Bullion Exchange is a total joke. If you are interested in invest...

Suggestion by 74.233.36.22 on 2008-10-02 23:28:08

Global Bullion Exchange is a total joke. If you are interested in investing in precious metals I suggest you go with a qualified and registered firm. Most of these precious metal brokerages are loaded with ex commodity and stockbrokers who have been thrown out of their respective businesses. Try making a one for one purchase with these guys. They'll do everything they can to put you on margin. Again, stay clear of any firm who is not registered or regulated by a governing body. Heed my advice, do not be a sucker.

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[edit] I invested with Global Bullion Exchange a while back and made a little m...

Suggestion by 71.40.134.190 on 2008-08-26 16:51:12

I invested with Global Bullion Exchange a while back and made a little money. They contacted me to sell a while back and I did loose some money on the new positions but now I have gotten back in the market where I think the bottom is and am looking to make some significant money. The broker I use has been difficult to get on the phone when I call sometimes but he always calls me back within an hour or two which is important to me. As someone who likes to take an active role in my investments I like the system they have established. For me it also helps that I really believe that gold and silver are going to be going up again. I have seen the statements and I can see how someone without an understaning of leveraged based investments would be confused. Overall like any other investments it all comes down to DYODD. -Cheers

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[edit] I have been with Global for a couple months. I find their statements co...

Suggestion by 67.85.167.149 on 2008-08-08 17:32:39

I have been with Global for a couple months. I find their statements confusing. They don't show simple info like how much you have sent, their fees, interest etc. They didn't disclose the interest to me except possbily in small print. Basically, they borrow most of the silver by shorting it and then sell it to you in a margin acct. They charge you 21% interest for the portion borrowed. They charge you 15% of your cash invested to cover 5 years of trading, but thats only because they know you will get pissed and leave within a few months. I would just buy the metal and take possession if I did it again. Remember this - the 15% fee means silver has to go up another 17.5% just to cover their fee. Also, just as there is a profit potential, you can loose just as fast. This isn't much differenc from a silver futures acct with a margin. The sales men are trained not to paint it that way, to emphasize only the bull side. They would never be able to advise shorting silver. So when you essentially buy a call, they take the opposite side - sell you the call option, take the premium and cover themselves with a put. - that means they are buying an option betting the price will go down. Not a very freindly thing to do to their clients right?

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[edit] Does anyone have any experience with global bullion exchange I am gettin...

Suggestion by 71.40.134.190 on 2008-07-23 23:23:16

Does anyone have any experience with global bullion exchange I am getting money together to send them for silver. </blockquote

• • • • • Global Bullion Exchange scam ...had a very bad experiance with this firm*********. The management fee is 15% of the FULL METAL VALUE i found out later this was not disclosed to me up front this company is a scam. i was told metal was bought but it was not till much later at a 1.55 higher than the market price. It is also a MARGIN account I was not told this before I started with the firm. and if the metal falls 1.50 half your metal is wiped out if you dont send more money all is wiped out. the metal must go up over 3 dollars!!! for even a break even point!!! i have contacted the state and made a formal complaint and was told the firm is under an ongoing investagation...... beware....