Silver Snowball? Pass…

I just got an email today from a former downline member promoting Silver Snow Ball.

The name sounds awfully close to Silver Snow Job…

This is how I replied to this person…

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Not interested.

Paying 2 times the price for something I can get at spot is silly. There is no added value here or benefit or uniqueness. Collecting and selling silver at twice the price. Another money game at best that hinges upon selling more of the same for twice the price. How do you spell P-O-N-Z-I?

I wish all the best. Hope you make a boat load of money. But not something I am interested in personally.

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For those of you who still don’t know the definition of ponzi, here is the wikipedia link for ponzi.

So maybe some people don’t think Silver Snow Ball is a ponzi, but why would anyone pay two and a half times as much for the exact same thing they can get elsewhere? This guy is selling Federally Government minted silver coins at a 2.5 times markup and attaching a referral business to it.

Would you pay $25 to own a $10 bill? This guy is simply selling an investment in silver coins. The problem is the coins are legal tender and U.S. Government issue property.

This is a rhetorical question…

How do you think various government agencies will react when they find out about the Silver Snow Ball business if it even gets enough critical mass to attract any serious attention at all?

My two cents and my final answer? The silver snowball will sooner or later end up melting faster than a snow cone on a sidewalk on a hot summer day.