Most helpful positive review
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.