Posted on 06/26/2013 10:07:33 AM PDT by DManA
There's an ad getting heavy play. Guy says there's a loophole in the law. You can walk into a bank and they will hand you silver. Then they direct you to a web site.
I ain't going there. Anyone know what the scam is?
Dear Reader,
I recently heard a wild rumor about a major loophole in the U.S. retail banking system
One that enables you to get real, hold-in-your-hand silver from practically any FDIC-insured bank in the U.S. All you do is walk in, say 5 simple, but very specific words and according to this rumor you could walk out minutes later with a handful of silver, as part of a totally free transaction.
You dont even need an account with the bank where you want to collect your silver.
The claims Ive been hearing are absolutely astonishing.
Just listen to a few and youll see what I mean:
I was so excited when the teller told me to come get my treasure! I got 18 ounces of silver courtesy of UNCLE SAM!
Ive only been doing this for 8 months and have already found over 160 ounces of silver bullion.
On a whim I asked the bank at the local supermarket. And guess what? They gave me nearly 6 ounces of real silver! The teller was happy to get rid of it. Im hooked!
Now, just to make sure were on the same pageso you understand exactly what Im saying
Im not talking about opening a new bank account. Im not talking about getting discounted silver, or undervalued coins. Im talking about walking into almost any ordinary bank, and saying 5 specific words to any teller. Then, after a short, and free transaction, in many instances bingo walking out with a handful of real silver, which could possibly be worth as much as a few hundred dollars.
Hard to believe this could actually be true, right?
Silver, after all, has been one of the best performing assets of the past decade. Its up over 550% since 2001 and many financial experts are predicting it will go much, much higher.
But how, exactly, could this be possible, youre probably wondering?
Is there really a loophole in our financial system that enables you to get this incredibly valuable asset essentially for free? And is this illegal or possibly immoral?
I had these exact questions when I first heard this rumor. And thats why I launched an independent, nationwide investigation. It took me more than 3 months to complete. In this presentation, Im going to share what I found. In short, I think youll be amazed when you see what Ive uncovered.
My name, by the way, is Dr. David Eifrig. My friends call me Doc for short.
Im a financial analyst at an independent research firm called Stansberry & Associates. Our private organization is headquartered in the Mt. Vernon District of Baltimore, MD. Our goal is simple. We provide independent financial research and education on topics ranging from bonds, stocks, and commodities to real estate, options, tax liens, annuities and just about everything in between. Today, our group has more than 400,000 subscribers from more than 120 countries who pay for our research.
My area of expertise at Stansberry Research is unique. After a decade of trading on Wall Street and then another decade as a medical doctor (Im still a board-eligible eye surgeon), Ive learned the inner-workings of two of the biggest and most important industries in America finance and medicine.
Now I spend the majority of my time revealing a world of retirement opportunities and loopholes that most Americans will simply never hear about on their own.
And that brings me to this incredible silver loophole, which might be my most unusual find yet.
Of course, I was skeptical when I first heard about this idea that you could walk into practically any FDIC-insured bank, say 5 magic words, and potentially walk away with free silver.
So I came up with a plan.
First, I sent a notice to the people who read my work, and about 250 individuals from all walks of life and from all over the country were willing to give this silver loophole a try. I sent them instructions on where to go big banks, small banks, community banks, you name it. I told them what to do and, of course, what to say remember, the 5 simple words are critical.
Then, I asked them to share their experience.
Almost immediately the feedback started rolling in.
One of the first to respond was a man named Maury D., from Tyler, TX. Maury tried the 5 magic words at a Bank of America just down the street from his house.
He told me:
Doc, youre a genius! I never thought this would work. But it did! I tried it, and to my surprise, I got 34 silver coins from a single bank. Needless to say, Im going back for more! Thanks for the great idea!
I also heard from a guy named Charles D., from Cincinnati, OH. Charles tried the 5 magic words at a small Credit Union in his hometown. He told us:
I went to a local Credit Union and got 10 free silver coins. This is a pretty good idea. I will spend tomorrow going to other banks Thanks a lot for the great idea.
Ernie and Norma McDonald, from Sarasota, FL used the 5 magic words at a small bank near their home. Heres what they had to say:
My wife and I bank at a small community bank and actually own stock in the enterprise, so were known by all of the local staff. We stopped in one day and, while making a deposit, were able to get 7 of these silver coins.
We even tried this out for ourselves at a PNC Bank a few blocks from our offices in Baltimore and got 5 free silver coins.
Now, I know what you are probably wondering
How often does saying these 5 magic words actually get you free silver?
Well, from my experience, after observing more than 250 people to try this technique in dozens of banks around the country, I estimate that if you go to the right banks (Ill show you which ones), and say the right words (again, Ill give you the specifics) it works about 25% of the time.
So, youre going to have to do a little legwork to get this secret to work for you. But remember, this is basically FREE silver we are talking about here. If you are too lazy or too busy to do a little work to get something as valuable as silver, essentially free of charge, well, Im sorry, but you can stop reading right now.
And heres another thing you need to keep in mind: The reason this works is because most Americans (including the people who work at banks) have no idea how this loophole works.
But eventually, word will get out and this opportunity will end. That could be a month from now or 2 years from now. I believe we probably have at least a 1-year window of opportunity to take advantage of this secret. That is, unless the price of silver shoots up in the next few months and this idea all of a sudden becomes VERY popular.
The important thing to remember here is that once the word really starts to spread, I expect this free silver will become increasingly difficult, and eventually, almost impossible to find.
In other words, this loophole is closing and exactly how fast it will close is impossible to predict. Opportunities like this dont stick around forever. Those who act sooner will undoubtedly reap the best results.
So, if this idea interests you, I strongly recommend you consider it carefully, but act swiftly.
Heres exactly what you need to know
This was a popular trick back in the 80’s when the Hunt bros. were scamming silver. It’s used up now.
Uncle Joe was doing it in the 60’s.
There have been some silver coins in circulation for decades, although they are steadily drying up. Many young people have no clue about them. My wife has been a restaurant cashier for many years and has brought home a number of silver coins handed to her by customers. One customer, an urban Amish type, paid for her hamburger with a nice 1921 silver dollar! I figure stuff like that has been reintroduced into circulation from stolen collections.
Stories like yours kill me.
My sister was a bank teller around 1965. Her manager told her to pull all silver coins aside during the days transactions. He would then buy them from her. She knew what/why he was doing that, but she was a college student and couldn’t afford to do the same thing. Dang.
An addendum to my story: my employer at the time was a coin collector and a bigshot cutomer at said bank. He tried everything to get those Morgan dollars. Threatened to take his business elsewhere, offerred twice the face value, ranted and raved, etc. It was quite entertaining to watch the boss pitch a public hissy.
My mother used to have a shoebox half full of Morgan dollars with the Carson City mint mark. She had an uncle in Reno and every year on her birthday he sent her a number of coins equivalent to her age. She still had them when I was a boy, but alas! she sold all but one of them for a pittance at some point in the interim.
Back in the '70s the tale was told of a guy who sent the Feds a $20 bill saying he wanted to redeem it for "lawful money". They sent him two $10 bills. He asked them how repaying one IOU note with two was legal. No answer. It didn't take 'em long to remove the "lawful money" quote.
[Sidebar I]: When I was a kid, the Big Snicker was to ask what a sailor looked for when on leave. When nobody could answer, we'd fold a bill with the above notation so that it said "gal tender and legal". A real knee-slapper.
[Sidebar II]: The old gold/solver backed currency were really just warehouse receipts that you could cash in any time. When I first read their legend, I swore it sounded like something coming down from the Mount. (Read the fine print at the top and bottom):
I used to “exchange dollar bills” for silver bars at a bank near where I worked.
No big secret or anything, they just sold 1 oz silver bars at the current price of silver. I would buy them as gifts for my wife, birthday, anniversary, etc.
Silver coins can be easily sorted from clad coins by automated machinery ... The silver coins and the clad coins make different sounds when dropping through a coin op mechanism... I found silver in the “reject” bin at one of those automated coin sorter machines they place in banks and some retail stores... falls right through even though they are the same dimensions.
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