Monetary Metals offers a silver bond for the first time in over 150 years

derryb

Yes, just another paper promise but still interesting

"This loan is unique because it will be paid entirely in physical silver. Under the terms of the agreement, accredited investors will earn a 12% annual yield on the bond over three years."

MsMorrisine

the catch

The silver loan will support Bunker Hill Mining Corp. as it raises capital to restart and further develop its operations at its Bunker Hill Mine in Idaho. Over its nearly 100 years of operation, the mine produced 165 million ounces of silver.

you loan them money hoping for silver in return after 3 years, you better grab a shovel

blitzdude

@MsMorrisine said:
the catch

The silver loan will support Bunker Hill Mining Corp. as it raises capital to restart and further develop its operations at its Bunker Hill Mine in Idaho. Over its nearly 100 years of operation, the mine produced 165 million ounces of silver.

you loan them money hoping for silver in return after 3 years, you better grab a shovel

Not to mention even if they are still in business 3 years out to pay gutter metal will probably be worth 1/3 what is now. A digital local coin shop. PT was rite. LOL

DrBuster

I wonder if this is what I saw advertising on the trivia screen at the restaraunt last night. Was something about investing in gold/silver for 3-5% returns and getting paid in gold/silver. I'll have to pay attention next time and see what the name is.

tincup

Whoo Hoo! another paper silver investiment! Even less need to hold that dirty bulky physical silver!

(good luck to those who trust in this investment and make use of it! NOT for me... I tend to think 'if you don't hold it... you don't really own it. A piece of paper.... is a piece of paper. "

Glen2022

@tincup said:
Whoo Hoo! another paper silver investiment! Even less need to hold that dirty bulky physical silver!

(good luck to those who trust in this investment and make use of it! NOT for me... I tend to think 'if you don't hold it... you don't really own it. A piece of paper.... is a piece of paper. "

So if you are invested in the stock market, do you have your broker issue you paper shares of stock certificates, or leave your investments with a broker?

tincup

" So if you are invested in the stock market, do you have your broker issue you paper shares of stock certificates, or leave your investments with a broker? "

Not much choice with the stock market... I stay with well known mutual funds, etc., and nothing fancy. Keep it simple. But no, I don't get paper stock certificates, just keep it with the broker. So, it is a 'paper' or 'electronic entry' investment.

With precious metals, I think holding actual physical is just a smart move to diversify. But then I don't have any interest in 'playing' the market with metals, so have no need to have electronic investments to make fast trades, etc., like some may want to do.

blitzdude

@Glen2022 said:

@tincup said:
Whoo Hoo! another paper silver investiment! Even less need to hold that dirty bulky physical silver!

(good luck to those who trust in this investment and make use of it! NOT for me... I tend to think 'if you don't hold it... you don't really own it. A piece of paper.... is a piece of paper. "

So if you are invested in the stock market, do you have your broker issue you paper shares of stock certificates, or leave your investments with a broker?

Paper is as liquid as it comes. The physical gutter holder tends to be the one left "holding the sack" so to speak. RGDS!

FrankH

@MsMorrisine said:
the catch

The silver loan will support Bunker Hill Mining Corp. as it raises capital to restart and further develop its operations at its Bunker Hill Mine in Idaho. Over its nearly 100 years of operation, the mine produced 165 million ounces of silver.

you loan them money hoping for silver in return after 3 years, you better grab a shovel

Nelson Bunker Hill

FrankH

Silver may not be magnetic, but is sure attracts weird schemes.

GoldFinger1969

iBonds or TIPs a better inflation hedge, FWIW.