As more and more people are waking up to the importance of protecting one's wealth from the evils of inflation with silver and gold, a flood of silver coin programs have been popping up on the Internet. Perhaps the thing that has fueled this growing trend in precious metals has been the price of silver which has risen from about $3.50 an ounce in 2000 to nearly $20.00 an ounce today. That, combined with the devaluation of the U.S. Dollar has clearly got people's attention.
In this article, I would like to explore some of the pros and cons of several of the more popular silver coin programs to help you choose which might be best for you.
Silver Snowball is a well established simple program offering it's members a single-tier affiliate program that allows its members to get real silver bullion coins with a "Coin of the Month" program. You get in the mail your own silver coins each month as you earn bonus coins when you market the program to others. The company provides you with a replicated website to promote the "coin of the month" program to others and you earn a 50% commission for every customer order from the website.
While Silver Snowball is a great program for most people, its weakness is because its compensation plan does not appeal to MLMers who like growing an organization and earn from the efforts of others. Unlike MLM programs, there is no recruiting, sponsoring, or matrix building, only commissions earned from direct sales to customers of its silver/gold accumulation program.
Numis Network came on the network marketing scene with its MLM structure attracting mostly MLM heavy hitters with flashy websites and a hyped advertising pitch. Numis Network is all about graded silver and gold collectible numismatic coins carefully inspected and ultrasonically encapsulated to preserve their beauty. These coins are best suited for knowledgeable collectors who understand the values of rare coins. Numismatic coins carry a high premium compared to standard bullion coins and when you try to sell these coins; you need to find the right buyer willing to pay the price you want.
For the seasoned MLMer who can grow large dowlines and get them to do the same, Numis might be the right avenue. However, for the average person without the specialized knowledge of numismatic coins and a large following with deep pockets, the high cost of entry and pricey collectible numismatic coins are beyond the reach of most people.
I believe the best alternative to Numis Network is ISN (International Silver Network). Unlike the pricey MS-70 coin offered by Numis, ISN offers a more reasonably priced MS-69 American Eagle silver coin, much closer to the price of silver bullion coins. The lower start up cost for ISN is also preferred as it allows more people to get started collecting silver coins.
For the average networker, ISN is much easier to earn commissions with compared to Numis. There are not the hurdles of qualifying for all the different commissions. With ISN, the only qualification necessary is to earn the bonus pools. The 8-level unilevel compensation plan of ISN is also more appealing to me than the Numis binary plan where you earn only on your lesser leg.
Of interest to network marketers is the ISN 8-level unilevel matrix. There is unlimited width at the top and you are able to place new members in the position of your choosing 8 levels deep. This placement allows you to reward and help your business builders grow their downline. This is a popular way to earn in the Network Marketing industry and is a very affordable alternative to the more expensive programs allowing a great opportunity for the silver enthusiast who believes in the network marketing model.
Silver Saver is yet another option for people wanting to buy precious metals at closer to spot price while steadily increasing their holdings of silver and gold. When you set up an automatic saving schedule (e.g weekly, monthly, etc.) with Silver Saver, each time you save, their Instant Rebate program automatically deposits 20% of the premium to your account in silver. SilverSaver also provides you with your own Silver Rewards link or Share-Code that you can give others when they sign-up to save. Once they do, an amount equivalent to 50% of the premium for their transactions is added to your account in silver each time they save.
Two additional programs that are quite different from the above also deserve mentioning. These are the matrix programs such as Silver 3×2 and MySilverWealth.
- Join MySilverWealth for just a ONE-TIME $30 and you are placed in a 2×2 matrix. Send visitors to your replicated web site and once your small 2×2 matrix is filled with 6 members from your marketing efforts, your referral's marketing efforts, or spillover from above, you will earn one 1 oz .999 fine Silver American Eagle Coins. You will then be given FREE re-entry back in to another 2×2 matrix in a "follow the leader" style, where the people on YOUR Level 1 and Level 2 will ALWAYS follow you. This creates a "team synergy", and helps you and your downline to CONTINUALLY cycle and earn more 1 oz .999 fine Silver American Eagle Coins! Earn An UNLIMITED Number Of Silver American Eagle Coins For Just $30!
- Join Silver 3×2 for just a ONE-TIME $20 and you are placed in a 3×2 matrix. Send visitors to your replicated web site and after you complete your 1st small 3X2 matrix, you will be mailed 2 Silver American Eagle 1 ounce coins. You will also receive free re-entry into another 3×2 matrix. After you complete your 2nd 3×2 matrix, you will receive 2 more Silver American Eagle coins. This completes your membership and you are able to buy in for another $20 to begin the process again.
As I mentioned before, numerous programs are popping up on the Internet as more people are becoming interested in precious metals. Some of these offer privately minted silver or gold bullion coins, and there are even a few whose products are highly questionable or non-existent at all.
As with any business opportunity, you should carefully evaluate the program you want to participate in and do your due diligence before joining any of them.
There is a serious amount of money to be made in the silver bullion market as a record number of people are flocking to the safety of silver and gold. If you have a flair for Internet marketing or network marketing, want to protect your wealth while accumulating real value in silver bullion, then a silver coin program deserves your attention.