Gold And Silver Price

| Author: | Posted in Business, Finance, Investing, Jewelry

If you are reading this article, you are probably in search of the best gold and silver prices and trying to figure out how you can pay close to gold and silver spot prices. I’m going to share the most valuable “Insider Secret” that you will ever discover, right here, right now! After having searched for decades for the very best place to buy gold & silver from, and after having been totally ripped off by paying as much as 35% above spot price in the past….ugggg…… I finally found the very best place on earth to buy from. Really! It’s called Preservation Of Wealth (POW). It’s similar to a Costco or Sam’s Wholesale Club. POW is a membership club for buying gold and silver.

Here is a review of this amazing way to buy your precious metals. Members pay a small annual membership fee, and then they get to buy all of the gold and silver they want, at true dealer-direct prices. It’s a brilliant concept and an amazing business model!

That’s right. The company does not make one single red cent off of the precious metals its members purchase. Their profits come from the membership fees. The “member benefit”, that members receive is the privilege of being able to buy at dealer direct prices.

This TOTALLY “Cuts Out” the broker mark-up and allows the POW member to purchase at the exact discount prices, that only the highest volume brokers get to buy for.

And, POW members don’t even have to get a broker’s license to do it. They just have to be a member.

Most brokers markup their metals anywhere from 5% to 40%. Since POW only makes its money from membership fees, they don’t have to mark up the metals and thus, POW members get to SAVE the 5% to 40% markup they would otherwise pay when buying from other brokers.

POW is the ONLY company in the world with a business model like this for gold and silver. In the spirit of full disclosure, yes, I am a member of POW however, I challenge you to compare POW’s prices.

You can search until you exhaust yourself… and you will NOT find lower consistent prices…. PERIOD*.

In my personal opinion, if you can get the exact same metals, but pay less for them, then it’s got to be the biggest no-brainer decisions ever.

* To be crystal clear here, it is possible for you to search around and occasionally find someone on Craig’s List, etc., (who either does not know the current value of some metals that they have, or perhaps they are just in a financial pinch and need to unload them fast), and buy them for less. No one can control that kind of thing.

Additionally, some brokers use futures contracts or try and time the markets by making large inventory purchases during certain market cycles. If they guess wrong, and get on the bad side of a trade, they may have to unload inventory to raise cash and get out of a bad position.

Or, if they have timed it well and are sitting on big potential profits, they may unload their inventory to try and cash out at the higher price. These situations are random and vary greatly.

However, if you are looking for a consistent, day in and day out, everyday source, (with no minimums and no maximum purchase quantities), of all types of gold and silver bullion, you simply will not do better than with POW.

Note: I debated a long time, trying to decide if I should include this information about POW or not. I really did not want this to be like so many of the self serving articles that merely promote the author’s product or service.

I wanted this to be pure, unbiased content to help educate and inform you. I went back and forth on this decision for quite a while. What made up my mind was remembering my first substantial metals purchase decades ago.

I was a total “green as grass” rookie with zero knowledge and experience. I thought I would do the best by going with a large, very well known brokerage company who had been around forever. How could I go wrong? After all… how could they have been in business for so long, and how could they be such a large company if they weren’t a great company to deal with… right?

To this day, I vividly remember talking with the sales rep. I am embarrassed to tell you this, but he totally manipulated me in every way possible. He flat out SOLD me. I had no idea what I was doing… and he was the “expert” from the big company.

Surely he knew what was best for me to do… right? He did this every day, and he was a professional. After all, people always tell you to listen to the experts. I allowed myself to get sold… hook, line and sinker.

I still remember how dumb I felt days later. I had paid about 35% over the spot price for silver… actually quite a bit of silver. The salesman told me I was getting a great deal. Day after day, month after month, I would watch the spot price of silver move up. People were excited.

Silver was going up and up and up. It seemed like everyone was talking about all of the money they were making on silver… but not me. It seemed like everyone was at the party, having fun and making money… but not me.

I had not done my homework, I had made a dumb decision and now I was paying for it. Yuck. I still had not even gotten to my breakeven point yet.

I have no idea how long it took to finally pass that breakeven point, but it seemed like it took forever. What I do vividly remember is how PAINFUL it was to be in that position.

When you know that you paid too much for something, and there is nothing you can do about it but wait and wait and wait, it gives you a horrible feeling in the pit of your stomach. I vowed to myself to do everything I could to NEVER be in that position again… ever.

So… that’s why I decided to add the POW information to this book. If I can save one person from not having to repeat the same stupid mistakes that I made, and not have to feel so crappy about it for so long, then it’s worth the criticism I will likely get from some idealist who read this book.

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