Monetary Metals Silver loan at %12

E

engineering

Monetary Metals is advertising an opportunity to loan silver at 12% interest, paid in silver.

https://monetary-metals.com/earn-interest-on-silver/

Anyone ever do business with them? Have you participated in one of these metals loans?

It sounds a bit on the "too good to be true" side.

"Bunker Hill Mining Corp. – Silver Bond Paying 12% Interest on Silver Bunker Hill Mining Corp. intends to borrow up to 1.2 million ounces of silver (approx. USD 36 million) in support of the restart of production and ongoing development of the historic Bunker Hill mine, located in Kellogg, Idaho."
 
A penny stock silver mining company that loses money, has negative owner's equity, and is already heavily in debt wants to borrow close to it's current market cap in silver and promises to return the silver plus more. And the suckerinvestor buys silver from a silver bank (Monetary Metals) for this venture and expects to get his silver back plus 12% in silver each year.

I can't see anything risky about this idea.:D
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