Quote:
Originally Posted by edgeprod
I'm on an iPhone and I have a very bad sinus infection, so I will be brief. What you are selling is a commodity. It has an established price. A membership to a site, and the commision paid there on, is a virtual good with a flexible price. You are marking up a commodity without any value add, which is simply ripping off the end comsumer. There's no mystery to buying silver close to spot, and your attempts to make it seem so are disingenuous at best. Any local dealer -- and they are EVERYWHERE -- will give your end user a HUGE discount based on the half-ounce price you're ripping them off for.
Stealing from Jack to pay Jill is ALWAYS bad business. The fact that you're willing to sell your ethics so cheaply should be embarrassing to you.
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Edge: I do respect your opinions, and so that you do not have to do much scrolling on your iphone, I too will keep this brief.
If Silver Snowball claimed to be a silver "dealer" than yes I agree with you 100% that charging a markup with no value added to an end consumer is bad business ... but Silver Snowball does not claim to be a dealer like APMEX or KITCO ... not at all!
Silver Snowball is AN AFFILIATE PROGRAM - one that will pay you a decent commission for referring customers who otherwise might not have the resources available to lay out $400+ for a silver purchase. The affiliate payments do not come out of thin air, and if you had taken the time to read the website in it's entirety, it is very clearly explained that the premium you pay offsets the costs of paying the affiliate who referred you ..
It is simple mathematics, and is very clearly stated on the website, so that everybody who signs up knows exactly what they are paying for.
Silver Snowball is not a silver retailer. If you simply want to own silver, then save your money, and purchase it from a mint/dealer. But if you want a way to earn bonuses to bring the price of your silver way below the spot price, with a very small bit of effort, then Silver Snowball provides you with the means of doing so.
There is ABSOLUTELY no smoke and mirrors, no snake oil, and no trickery going on.
Half ounce silver rounds currently sell for $34.95 - $69.95 each directly from the Royal Canadian Mint ... so I do not see our price of $39.00 being very out of line?
OK ... I'm fading fast ... us old farts need our beauty sleep. Have a good night!