Alan"s Money Blog

Jun 1, 2007

Review: Red Hot Silver (invest in silver bullion)

BANNER REMOVED

READ THE COMMENTS BELOW THIS POST AS NOW THIS PROGRAM HAS BEEN REMOVED FROM MY BLOG. I AM ONLY KEEPING THIS POST FOR REFERENCE PURPOSES AND SO PEOPLE CAN COMMENT ON IT AND SHARE INFO.

Hello folks. While browsing around I came across what looks to me like a promising investment opportunity for those that are interested in precious metals. This program is called Red Hot Silver, and I believe it is managed by the same folks who manage EasyBullion (online bullion retailer).

I must admit I'm new to this program as I've just joined it today, so I thought I'd let you folks know about it in the hope that it might meet your investment criteria. Being a big fan of precious metals, I like the program and think it would be a great opportunity to earn a generous return with no work on your part.

Ok, here is how the program works:

You purchase real silver and leave it in trust with RedHotSilver. They issue a silver certificate with a set return price depending upon the plan you choose. Once you have allocated and received your certificate they will get to work developing the profits of the silver bars they purchase on your behalf.

They do this by:

Global Online Buyers Retail/Wholesale
Ebay Buyers
Home Investors
Business Investors
Retail Outlets Offline

Once the investment term is over you can choose to cash out your investment either in fiat money (bank wire, paypal etc) or in silver bullion bars (I like this one :) best).

Here is some FAQs:
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FAQ's

Will I get my principal back?
Yes. Your principal is included in your re-purchase amount which is payable at the end of your purchase plan term.

Does My Interest Show Online?
NO. We do not pay weekly or daily interest etc. When you make a purchase your order is shown on your account, including your re-purchase amount. This information is also shown on your purchase certificate.

So I get a Product?
Yes. When you purchase you get a Silver Certificate and depending on the amount of your purchase actual Silver bars as well.

What Deposit Methods Do You Accept?
We currently accept:
Bank Wire
EGold
Credit Cards
Debit Cards
MoneyBookers
PayPal

Can I Have Multiple Accounts With Red Hot Silver?
NO. Only One account per person is allowed.

What is The Minimum Purchase Amount?
Our Silver purchase plans start for as little as $25.

What is the Maximum Purchase Amount?
$20000 is currently our maximum for any one person, however if you would like to make a purchase larger than this amount, contact admin for further details.

What about Paying Taxes?
Each individual is responsible for paying all relevant taxes in their country of origin.

Must I be certain age to participate in red hot Silver Program?
Yes, you must be at least 18 years old or at legal age at your country.

Why do you collect my data (Address, First Name, Last Name, Phone Number)?
We do collect data so that we could identify he true owner of the account if any security problems aries.

Can I make multiple plan purchases?
Yes, mutiple plan purchases are welcome, we advice that you should use long term buying multiple cerificates as you can afford as this is secure and long term.


There are four investment plans, and here they are:


Original Investment Strategy:
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- 200% guaranteed return
- 14 month re-purchase period (that means the investment term ends in 14 months)

Conservative Investment Strategy:
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- 300% guaranteed return
- 24 month re-purchase period (2 years)

Balanced Investment Strategy:
--------------------------------

- 400% guaranteed return
- 36 month re-purchase period (3 years)


Aggressive Investment Strategy:
---------------------------------

- 500% guaranteed return ! insanely great but it read below
- 48 month re-purchase period (4 years)


UPDATE: I HAVE DECIDED TO REMOVE THIS PROGRAM FROM MY BLOG FOR FEAR THAT IT MIGHT END UP BEING A SCAM. READ THE COMMENTS BELOW FOR FURTHER DETAILS.

5 comments:

Emmanuel said...

http://www.scamclub.com/reports/BULLION%20CLUB-475.html

Alan V said...

Ouch Emmanuel. I am sorry to hear this. As far as I am aware this particular program (Red Hot Silver) is managed by the folks who run EasyBullion. I think but I am not 100% sure that there is a link between EasyBullion and BullionClub because when I joined EasyBullion the e-mail I received came from Michele Wruk who is the "Customer Service Director" for EasyBullion.

By the way for those of you who don't know, EasyBullion runs the silver investment program that I have reviewed above.

If I come across any more negative things about these people I intend to take this program off my blog as I do not want to promote scam sites.

Emanuel if you find any bad info on Red Hot Silver/EasyBullion please let me know by either posting here or e-mailing me at allinvain6 at gmail.com

Emmanuel said...

Take a look at the site whois, the only name mentionned is Michelle Wruk, and a quick search on that name lead me to that scam investment program.

Maybe not related, but it can be usefull to do a deeper DD on it before investing, especially with the long period your money will be blocked, enough to run away with.

Alan V said...

Yes, you are right about the whois info. I must admit that I did not do such a thorough DD on this one. I am not even invested in it. I intended to as I like precious metals and am already invested in gold (see BullionVault on my site), but I've been busy lately with reviewing other online money making opportunities that I haven't had a chance to due further research like I usually do.

In the end I'll probably end up removing it from my blog.

Hmm, the sad thing is that it is getting harder and harder to find a genuine opportunity out there on the internet.

Alan V said...

Look at what I've found:

http://www.scam.com/showthread.php?s=8fc13801ceff4f0185a6a38192a858c5&t=21525

Ok, this program is out of my blog.

Thanks for bringing the info to my attention Emmanuel.