I watch CNBC practically every morning. It has become a daily routine for me. It is only one of my channels of information. During breakfast, whether it is cereal, waffles, eggs and bacon or a bagel with cheese, I read my morning newspaper with my left eye and watch the stock market reports on CNBC with my right. I sometimes switch to the Chicken Noodle Network (CNN) for some news of the day.
This morning, CNBC reported that the U.S. Mint has sold four times more American Silver Eagle dollar coins than last year. Did they mean that there has been a 400% increase of sales in just the first three months of this year, compared to the same time last year or is the comparison to the whole year.?
I have been keeping my own statistics since September 22, 2010. On that day Silver sold for $21.04/oz. On that day, Silver was in a ratio to Gold of 61 to 1.
Yesterday, March 30, 2011, Silver closed at $36.98. That is an increase of about 43% since September, 2010. Now the ratio of Silver to Gold is 38 to 1.
Can you achieve these results with your IRA or 401K? I doubt seriously this gain could even be achieved in the stock market., unless you bought into some new wonder stock!
On CNBC, their very short comment was that ‘the little man’ is buying American Silver Eagle dollars as his method of saving, shouldn’t you?
There are many ways and means of buying and saving Silver. Some companies want to sell these Silver dollar coins at prices between $125 to $200 a coin. They call them numismatic collectables. The only buyer you will ever find for those coins is a collector or maybe a coin dealer. These coins are certified as MS70.
I believe if you can afford about $70 a month for an American Silver Eagle dollar coin, you are better off! I propose that you look at what I have to offer. The program that I am involved with is not the typical MLM (multi level marketing) program. In short, you purchase one Silver dollar a month and sell two or more people on the same idea. For every two you sign up, you receive one free Silver Eagle.
Figure that out! Your one plus the one you receive makes your coin cost about $35. If you sell four and get two, then your cost is about $23.40 each. Wow, and Silver is now over $37/oz.
Try this program and you will soon see and realiuze more of a gain than you would in the stock market.
About the Author
Author: Peter M. Olsen
I am 72! I lived and worked in West Germany for 27 years. I have been involved in network marketing, off and on for about 15 years. I have a blog which relates a little of my life, my thoughts and opinions. There are a lot of photos too!
My blog: www.ANobodyIsSomebody.com
Be my guess and collect numismatic MS70 coins?. They can only be sold then to a numismatist. I say it is better to buy one silver dollar a month and sell two or more people on this plan. For every two you sell, you receive one free!!
Take a look: www.mintfreshsilver.com.