Hard Money Newsletter Review

We reviewed three months of blog posts from Gold And Silver Blog.

We like them and its a relief for us silver bugs to have some place to go and ‘talk’ about the safety of coins. I put ‘talk’ in parenthesis, because even thought is not a whole out of commenting, it still ‘feels’ like talk.

Okay.

I think you’ll like them because this is a fresh, clean-looking, well-written (user-friendly) place that covers a broad range of issues that bullion investors need to know.

In fact, you should go over and check out the US Mint Silver Bullion Coin Sales History Chart page right now and get quick look for yourself. There go your brothers and sisters in arms out there buying coins along side of you (or putting them in an IRA). You are not alone.

Here’s what the nice folks over at Gold and Silver Blog provide:

• Timely news and commentary on gold, silver, and other precious metals.

We agree that this is a good place to get a quick fix – a catch-up and review on some of the bigger stories (with links) that you were meaning to get back to.

• Follow world mints that produce and sell bullion products.

US Mint Gold and Silver Bullion Sales July 2009 (http://goldandsilverblog.com/us-mint-gold-and-silver-bullion-sales-july-2009/) does just this.

I am a fan of the local coin man. He is my friend, but he’s a little fish in a big sea of dealers.
Heck, most times I feel like I know the issues better than he does.

The Gold and Silver Blog guys cover the macro-coin dealers – the ‘Whale’-Mints of the world – and while you can’t always trust the information coming out, you do get a worthy ‘retrospective’ on the big movements, especially for silver. Worthy in light of three little things:

1. The growing shortage of physical silver – held under by a mountain of ‘paper’ (short futures) pressure.
2. The small size of the silver market given the inflationary signals and the emerging (mainstream) perception and need for more hedging options.
3. The continued likelihood of more buying opportunities (price dips) as the world currency cycle turns on its head.

• Provide tips and observations on purchasing precious metals.

Okay, we didn’t see a lot of this and but they certainly point out the limitations of paper silver ownership, which is a bigger deal. Personally, I tend to focus not so much on the money I’ll make, but the purchasing power I’m gaining.

See Silver ETF Anomalies, National Gold Exchange, Regan Gold and Silver Coins. (http://goldandsilverblog.com/silver-etf-anomalies-national-gold-exchange-regan-gold-and-silver-coins/)

Again, I like to keep things simple. I’m that little guy buying silver rounds, silver bars, and junk silver from the guy down the street. I like the lower premiums, the ease of storage, and the absence of anyone else’s liability. And besides, something as volatile as silver, you want to keep close.

• Critique precious metals coverage from the mainstream press.

You got to like this one.

This is where you get your ammo for the ‘friend’ who thinks you’re nuts for buying silver coins and likes to point out any gold and silver bearish, propoganda non-sense that makes you fume to the point where you can’t articulate how wrong and ridiculously biased the messages are.

Okay, not everything from the mainstream is tainted. Eventually, they’ll come around in the price spike.

Again, these guys help you come back down to earth by calmly pointing out the flaws in the mainstream’s thinking.

• Round up some of the best gold and silver commentary from around the internet.

A good example of how they follow through is this post, Gold Confiscation, Missing Royal Canadian Mint Gold, Bernard von Nothaus Indictment.

And last but not least…

• Provide historical information and analysis on the price of gold and silver, and the pace of bullion sales.

So maybe this is the driest part for me. I find that a lot of really bright people are drawn to gold and silver for the ‘rationality’ of it all. And being rational can also mean preferring the technical side of life or at least finding comfort and/or escape there. I’m with you on this.

Nevertheless, I find the dollar to be a nagging reality and I prefer not to get too far caught up in the price realm, so I gloss over charts and data about the short-term price movements, ratios, etc.

These two posts, Gold Investment Report – 2009 Second Quarter and Gold and Silver Eagle Bullion Sales June 2009 will illustrate the point.

One of these days I’m going to do a negative Hard Money Newsletter Review. I promise.

This another good one. Gold and Silver Blog are bullish enough about coin silver, but well-rounded and fair enough to include platinum and palladium – which I found quite interesting.

Hey, us silver bullion investors can learn important lessons from these metals. Especially considering price, scarcity, and industrial consumption.

So there you go. For the intermediate physical silver investor, Gold and Silver Blog is well-worthy of a book mark or subscription.

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