Customer Review

10 of 12 people found the following review helpful
4.0 out of 5 stars Good advice, sometimes questionable opinions, August 21, 2011
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This review is from: Building Wealth with Silver - How to Profit From The Biggest Wealth Transfer in History (Kindle Edition)
First off, this book is aimed squarely at beginning investors. Which is what I wanted, but anyone who's already traded stocks or managed investments will likely be happier with more advanced material. This book gives a good overview of the topic, and is a respectable primer for a brand new investor. Enough details are listed to get you started, and the author highly encourages you to continue learning from other sources.

The single best feature of the book is it's common sense, low-pressure approach. The author spends most of the book not selling anything. Instead, he offers practical advice like making sure you understand the mechanics of how different investments work before engaging in them. He is careful to point out that "leveraged" investments increase your potential risk as well as your potential profit and that Day Trading will require a lot more knowledge, time and effort than long term investing. He doesn't offer any magic formulas for success (other than buy low and sell high), but has some suggestions for minimizing risk and developing the right mindset for successful investing.

Alas, at the very end he throws in a pitch for his own "buy my exclusive information" service. Sigh. Although the information in the book seems sound, you are left wondering if the whole thing is just a sales gimmick to sell you a phony a financial service. This both cheapens and makes me distrustful of the entire book (which otherwise seems be be full of good, if basic, knowledge).

Before the sales pitch at the end, the author also turns a little loopy by saying that long term cycles in human civilization are somehow explained by the Mayan Calender (?!?) and that our current woes all date back to Nixon taking the US off the Gold Standard. He also predicts the demise of the Dollar as the world's standard currency. Fortunately, the author quickly leaves the Mayans behind, and the role of the Gold Standard and eventual fate of the dollar are controversial but certainly open to question. The author's various predictions and pontifications on the economic future are no worse that what you hear on TV every week, and much more believable than the rosy "everything is fine" that we get from the government.

Overall, I would recommend the book as a primer on investing in Silver, although I would also highly recommend doing some further research as well. His predictions I would take as one man's opinion.
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Location: Longview, TX United States

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