What is Numis Network? Numis Network is a network marketing company that markets government minted collectible coins. Numis is the only network marketing company at the moment that is distributing this type of product. Like most network marketing companies Numis Network requires all distributors to be on a monthly auto-ship program. Numis distributors are sent a government minted encased MS70 graded one ounce silver coin. At the moment the price of silver is just above $33 an ounce and Numis is selling it's auto shipment for just under $110 or little over three times the price of an ounce of silver. Sounds expensive, but is it really?
Investing in silver bullion is completely different. Companies like Goldline International and Lear Capital constantly advertise that precious metals are a smart investment. These companies offer three types of silver investment.
The first investment vehicle is a silver round that can be purchased for about $2.00 dollars over the spot price for an ounce of silver. A silver round is a privately minted coin. The concern regarding these coins is the added cost to liquidating the investment. Since rounds are not government minted, counterfeiting is always a concern. It is almost certain that any buyer will want the rounds inspected by a third-party, which will add significantly to the cost of liquidation.
The second investment method is government minted silver coins. You can buy a Canadian Silver Maple Leaf for about $2.50 over the spot price of silver and you can get a U.S. Silver Eagle for about $3.00 over the spot price. Companies like Goldline will guarantee a buy back of the coins they sell but not at the "ask" price or the price an investor pays for the coin. Instead they will buy it back at the "bid" price or buyback price. The difference is the "spread". Do the math, if the spot price of silver goes up 25% and there is a 10% spread that means you can sell your silver for less than a 3% profit. Make sure you understand the spread.
The third investment approach is silver coins that have numismatic value. A numismatic coin is one that has value beyond its silver content. There are a lot of factors that affect the value of a numismatic coin. Suffice it to say that these coins are graded my experts to be in a mint state (MS). The difference in value between a MS69 and MS70 coin can be significant. Also the "spread" on these coin can be as much as 35%, which means the value of a numismatic coin must a have huge increase in order for the investor to see a profit.
It is important to remember that companies like Goldline will tell you that silver is a physical asset and that an investor should plan on holding onto the investment for three to five years. It is also important to keep in mind that no one can predict what the price of silver will be in three to five years. The price of silver has reached higher levels than it is currently and it has been much lower. The average investor should keep in mind that a 10% drop in the spot price of silver will result in a much larger percentage loss to a person's investment
Numis Network is not touting their coins has an investment vehicle. Instead Numis Network is offering a business opportunity that involves the distribution of government minted and graded MS70 silver coins. This opportunity has the potential to generate a good income. In addition Numis Network has announced that it will buy back all coins purchased by distributors through auto-ship after five years. It makes no difference what the price of silver is in five years; a Numis Network distributor is guaranteed to get back what he paid for a coin.
There are no other network marketing companies today that will buy back their auto ship products. There are no other coin distributors, bullion or numismatic, that guarantees the purchase price of the coins they sell. It is impressive that Numis Network will guarantee the value of the coins they sell.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment