It looks like some bad investment advice from 2009 is coming back today. Let me tell you a little story; in 2008, the markets crashed; we all know that. At the time, I had just started getting into investing and started researching things. This community started gathering together on youtube and talking about precious metals investing. I'm a coin collector, so that interests me. All of a sudden, these MLM programs and subscription services with precious metals start showing up. For example, sign up three friends, and you get a free bar of silver. In the end, a lot of them are not worth it. You may as well buy the gold or silver yourself because that's a better option for you. One of these programs started coming out and giving graded coins as an investment product; now, some graded coins are doing very well, but they didn't take any of these coins. They took brand new, most popular coins and started grading them MS70. MS70 is like BGS10, it's the highest rating, but it's like taking the most popular hockey card or Pokemon card in the world and having a 10 rating. It's not going to go anywhere, so they started selling these brand-new rated coins for a huge premium. Let's take a look at the guy in the video. Everything he's saying and everything he has to offer his clients are the exact same things that happened in 2009 a subscription service MLM program for silver investing, selling brand new graded, not rare coins at a huge premium. I'm not a huge fan of investing in gold and silver; there have only been fractions of time when those have made sense, but I feel like I know the industry well enough. If you have any questions, you can reach out to me. Be careful with your money.
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