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No. of Recommendations: 1
When I see those silver commercials on tv, part of them usually shows the Rich Dad, Poor Dad author (Kyosaki, I believe?). Anything being sold that features him is a giant red flag to stay away.

He made a lot of money off of his books, but anyone with a reasonably functioning brain never fell for his tripe then and should not fall for it now.

I held SLV for a number of years which is the ETF for silver. Most of my holding period was spent being under water. I exited last year with a modest gain. It went up from there but has recently been below my sale price. There is no income to be generated from holding the ETF or the actual silver. So one would purchase it to have a different asset class with a history of not being very reliable when it comes to figuring out its current or future value.

I share your sentiment of "If this is such a great deal, why are you trying to hard sell me rather than keep your seemingly assured future profits for yourself"?

I still see Tom Selleck selling reverse mortgages on commercials. By now we all know this is not his first rodeo. That product can be very good for some people. The problem comes in when people confuse Tom's pitch as being a good fit for them when maybe it is not. You may also note that fees are never mentioned at all in the series of commercials. Far too often when one calls to find out about the product, the person on the other end is heavily incentivized to get you to sign on the bottom line. So the good parts would be heavily emphasized while the negative ones would be buried in the fine print unless you know the right questions to ask.



BG
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