With the SampleAgreement being done, I thought I would just summarize everything so you don’t have to wade through 151 pages of legalese.
Here’s how it works.
First, I am keeping the fund small. This means fewer than 35 unaccredited investors and less than $5 million in total assets. Keeping the fund small means there are no regulatory or reporting requirements. I have neither the desire nor the patience to deal with that kind of nonsense.
Second, I’m the guy. I make the buying and selling decisions for the fund. I also have an interest in the general partner, Honest Silver and Gold Buyers, LLC.
Third, the mechanics on your part are very simple. Get two copies of the documentation package. It’s about 150 pages saying exactly what I just said in the two paragraphs above. Read it, have your lawyer read it or whomever else you want. Then send me one signed copy of the agreement and a check or wire for at least $10k. When I receive both the agreement and the funds, you’re in. From here on out, you sit back and collect quarterly checks (I might do monthly if you want).
Fourth, I go out, following the 5 steps, buying silver (and gold) under market, hedging the position against market fluctuations, and selling at market. We make somewhere around 8% per month (not guaranteed, past returns are no indicator of future performance, etc etc legal disclaimer) and profits are split 50/50. There are no management fees or asset fees or any other kind of fee. I make money only if you make money.
Fifth, I will be updating this blog with transactions as we go along so everyone will be up to date as to what is going on.
So to talk to me about getting your copy of the placement documents, email me at firstname.lastname@example.org