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The Silver Bull Market: Investing in the Other Gold
Format: HardcoverChange
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8 of 8 people found the following review helpful
on May 15, 2013
Silver has gone through a rough two years. Since it reached a peak about two years ago of $48 plus change per ounce, silver has undergone deep and lengthy corrections, making most silver bulls to doubt their conviction in silver. There can be no better time than this to review the case for investing in silver.

In this book, Shayne McGuire makes the case for investing in silver. It seems that this book's audience is chiefly people who already own gold, but so far have shied away from silver. In other words, he barely devotes any time as to why people ought to invest in precious metals (he barely discusses the big picture). He pretty much takes that for granted. McGuire merely tries to make the case that if you're investing in gold, you should definitely consider investing in silver.

Silver enjoys very similar merits as gold; it is a real asset, it has been money for centuries, it has no counterparty risk. So what distinguishes silver from gold? Two main things: the first, there is less available silver for investing than gold due to industrial consumption of silver. Production-wise, about ten times the amount of silver is mined every year than gold. The US Mint sells pretty much the same amount of gold and silver in terms of dollars. Yet, one ounce of gold is worth roughly sixty ounces of silver.

The second, silver is largely ignored by professional money managers, who could be potential catalysts for silver. McGuire makes this point to show that silver is under-owned compared to gold.

Overall, this book doesn't make any life changing revelations about silver, but it couldn't have been published on a better date, when everyone should probably revisit the fundamentals of silver to check if he might be missing something.
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8 of 10 people found the following review helpful
on May 5, 2013
Mr. Mcguire has performed a valuable service for all of us who follow gold and silver. Too often, articles, and the few books on silver, are full of hyperbole, government and corporate manipulation conspiracies, or a 'get rich quick' type of hucksterism. Shayne, instead, makes the case that if you like gold, you should consider silver. After all, at this writing gold is about $1450 per ounce while silver is nearer to $23--it is much more accessible to the average person at this lower price point. And that is a very important feature. Also, gold has historically been valued at 14 times the price of silver, but right now this relationship is out of whack-- right now gold sells for more almost 60 times as much as the white metal. So if you don't like gold, read no further; silver is for people who like gold. In some ways, silver is a high beta play on gold--Mr. McGuire believes that if gold rises, then silver will rise even more, but in a plunge, silver will plunge more. This has been borne out recently, in the sell-off which began in the summer of 2011.

It is only fairly recently that investors have been able to invest in silver in a variety of ways. Today one can purchase the metal itself, an ETF or exchange traded fund backed by the metal, an ETF of silver mining shares, or silver coins. Shayne covers silver from a variety of angles--we learn about the history of the metal, the monetary history of the US, the various industrial uses of silver and why that is important, the differences between silver and gold in manufacturing, the investment rationale for holding commodities in an investment portfolio, and the macroeconomics which underlies the investment. At the end of the book he also brings up palladium and platinum and puts those two metals into perspective for prospective investors as well.
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4 of 5 people found the following review helpful
on June 9, 2013
Shayne McGuire has put together a great book at a perfect time. This is THE book to get on silver investing. McQuire is a managing director and Head of Global Research at Teacher Retirement System of Texas. McQuire has written about gold before and this is his book on silver. I really appreciated that he took the time and effort to go over the history of silver, how it has played out internationally, the changes over time of silver's industrial uses, the rise of Silver ETFs, an analysis of silver mining stocks and the pros and cons of holding silver in its varies forms. His analysis is sound and his caution of silver's volatile history is well noted. One of his main premises is that silver is increasingly correlated with gold which bodes well for the future of silver investing and ideally should be included in one's account diversification.
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3 of 5 people found the following review helpful
on August 1, 2013
I've bought a kindle edition. Even with my Kindle HD the quality of the tables and plates is poor!!!
As for contents: For such a price it's worse than poor. Most of the information is available for free. And important information for which you should pay is WAAAAY overpriced, especially for Kindle.
There are better books on this subject for much better price!
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0 of 1 people found the following review helpful
on September 21, 2013
Great book that helps explain investing in silver. I recently gave the book to my son for his 21st birthday hoping he will invest some of his income into silver while the price remains artificially low.
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0 of 1 people found the following review helpful
on December 1, 2013
I am a new investor of silver bullion. This book educated me on the history of silver, different ways to invest, and the risk involved.
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0 of 2 people found the following review helpful
useful, well formatted information for a new silver buyer/collector. this was a gift for my son who now feels more confident regarding how he approaches the silver market.
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