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German Silver - Lessons Painfully Learned

By: Decomposed in ROUND | Recommend this post (0)
Thu, 13 Oct 11 3:10 AM | 57 view(s)
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A friend of my wife's on some internet forum just got scammed buying a batch of "German Silver" bars. He paid somewhat more than spot (over $30 an ounce), received them, then learned that German Silver is not silver! It's a combination of Nickel, Copper and Zinc. *NO* silver!!! They aren't even German!

ROTFLMAO! How's that for a hoot??? Buyer beware, right???~!

I'm seeing other "German Silver" auctions underway right now.

Get a load of this one, on ebay right now. At $5.00 apiece, and 29 grams per ounce (which I realize isn't right since these are TROY ounces and grams), that would be $145.00/ounce.

The spot price on silver is today $32.65/ounce.
 

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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