Review Of Monex Email Alert: Highly Recommended
The Monex Email Alerts are a great way for the average silver coin investor to keep up with weekly precious metals movements, and get a healthy dose of key quotes from around the PM world.
First a little bit about Monex.
The Monex companies have been around for a long while and they are indeed, an established leader in America’s gold and precious metals investment space. They’ve done over $25 billion in precious metals transactions and have an excellent reputation for customer service.
For the silver bug who doesn’t mind placing a phone order, they offer government-minted coins, 90% and 40%, and bullion bars.
As far as silver rounds…They don’t go there.
As a small investor who can only really afford 10-20 ounces at a time, silver rounds are nice way to hold the pure (.999) metal at a lower premium.
We don’t really care too much about the numismatic value and we like that rounds look enough like coins that they could be traded in a worse-case scenario. If that time comes, I have faith that people will be able to figure out what the weight is worth.
We reviewed 6 weeks of Monex updates and alerts and they’ve grown on us.
Heck, we have even come to depend on them for a nice weekly wrap-up, and the great collection of quotes from some of our favorite market commentators.
For example, here’s one from Richard Russell that stood out from the August 14, 2009 wrap-up.
QUOTES OF THE WEEK:
“From Richard Russell…What is the US government’s attitude toward allowing its citizens to own gold? . . . I believe the US government WANTS Americans to own gold. Thus, if the purchasing power of the dollar declines, there will be less public outrage if the public is protected by owning gold! How are you going to keep the public quiet if an administration devalues the dollar? Encourage them to own gold, which appears to be the Fed’s and Washington’s policy. Will the US call in gold again as they did in 1934? Forget it! It’s not going to happen.”
You get the picture. And not all of them are this long.
And they also choose from the likes of Ron Paul, Steve Forbes, Warren Buffet, Bill Bonner, and Jim Sinclair.
And, of course, we were more than pleased to see twice-mentioned (in 6 weeks), two quotes by silver guru, David Morgan.
Bravo Monex, for keeping silver on the agenda – as the silver bug can’t get testy about being left out and treated like a second fiddle.
So in each Monex weekly overview you get:
- Price Range For Gold, Silver, Platinum, Palladium
- Support And Resistance price levels
Support and resistance levels are interesting – even though a long-term investor doesn’t have much to gain by beng a ‘chartist’.
- And News Developments + Quotes
We love clear and concise economic overviews as they pertain to precious metals.
And you also get infrequent Monex Alerts from time to time when significant news develops in the markets – such as the recent Monday take-down in gold and silver. Monex is happy to remind us about buying on the dips – as if we needed reminding.
If you’re like me, that kind of reminder just feels like salt in an open wound.
We know that every long-term investor (especially in the PM’s) needs to have some healthy respect for the daily price and yes, the blatant and coordinated take-downs are tough to ignore.
And okay, a price dip for a regular guy without a while lot of cash serves as perhaps the last opportunity to accumulate the metal…but no one is perfect and Monex is, after all, a business.
But we still highly recommend this FREE MONEX newsletter and appreciate its weekly arrival.
