This is Paul Hutchings here and I am excited to share this review on Numis Network with you.
Just to give you a heads up, this won’t be necessarily an “in depth” review but just some thoughts I’ve had regarding this opportunity.
Numis is making a huge splash in the marketplace. I see their reps popping up everywhere. I’ve got a good friend that’s really been after me to join this company and so I just want to share with you some thoughts as to why I HAVE NOT joined Numis Network.
THE TRUTH ON PRECIOUS METALS
Listen, precious metals are a great thing to invest in. If you have extra cash laying around that you are not using, I would recommend purchasing gold or silver as a hedge against inflation.
I doubt that these investments will make you rich but at least they can help you protect some of the purchasing power that you’ve accumulated through your hard work.
I have been a serious student of the economy for a few years now and here’s what I’ve learned.
In the United States we have what is called a “fiat” currency. That’s a fancy way of saying that our money is not backed by any real value. The only thing that keeps it afloat is the confidence consumers have in it.
Our money used to be backed by gold and silver. Back in the day, you could actually take your dollars and trade them in for their respective gold/silver values.
That’s not the case anymore.
The federal reserve is printing new dollars at a rate never before seen our country. When you have more dollars flooding the economy only one thing can happen, the value of the dollars go down.
Many experts are even predicting a scary scenario known as “hyperinflation” where we could rapidly lose all purchasing power in our money.
It is for these reasons that I believe investing in gold and silver can help protect a families purchasing power.
THE CHALLENGE WITH NUMIS NETWORK
When I diversified some of our assets into gold and silver I paid $13 per oz of silver. Those one oz rounds are now worth about $17. Not bad.
The friend I have in Numis network shared with me that he got an oz. of silver in his auto-ship for $99.
So what gives? Why the price discrepancy?
Numis Network deals not in gold and silver but “collectible” gold and silver coins. Numismatic gold and silver. This means that the you are paying not just for the gold/silver content but also for the collectible value as well.
If you are investing in gold/silver to hedge against inflation, collectibles are definitely not the way to go as you’ll pay a premium for the metal content in the coin.
For the 1 oz coin my friend bought in numis network, it would take 500% inflation on our currency just for him to be able to break even on the precious metal content.
In my opinion, collectibles are great if your into that but they are really a crap shoot if your looking to make money.
In a crashed economy, not many people will care about having collectibles. They will care about feeding their loved ones.
CONCLUSION
Numis is a solid company, and I know some very talented marketers that are extremely excited about this opportunity.
You can make a lot of money with Numis IF you know how to market.
Brilliant. I completely agree with you, sir. Compared to the Numis Network auto-ship cost, bBullion is WAY LESS EXPENSIVE for the same amount of silver. If the economy should bottom out and all you had left is your coin collection, the perceived collectible value would vanish and you’d be stuck with coins worth their weight in market silver only. Nobody except another collector is going to care how old the coin is or that it’s in presteen condition. If the economy is bad enough, your perfect coins are worth the same as my bullion. Period. People should be more informed about this.
Part of the fun of being a network marketer is meeting great people like you Paul. Thanks so much for all you’ve done to help me grow my business.
I don't disagree with your reasoning at all. I have been buying bullion since gold was at about $750 and I always steered clear of numismatics partially because of your reasoning and I just didn't understand them. I have grown fond of my coins and bars however and the truth is the best investment strategy is always diversification of assets. I love network marketing as well and as you said the Numis product is unique and preserves wealth. After careful research I found that there is a pretty strong markeet for collectibles (graded) coins so after more research I went ahead and joined Numis. I had no problem sponsoring somebody before I even got my materials in the mail and wuite frankly I am pretty excited about the opportunity. You are right, the value based on the collectible can expand adn contract, but there is also more upside potential as well. And it is so much easier to approach somebody about gold and silver than it is a vitamin! In any case, I respect your thoughts as they are intelligent and well thought out, but I am still building this business. Thanks for creating this forum of discussion. Nice site too!
Paul, great post! I am not involved with this business and though I think it is a great company I completely agree with you on the fact that it really just isn't quite there.
Great company, great product, its just not for me.
Plus income wise, it reverts too much to the old school network marketing companies comp plans.
Thanks
Sidscheck,
Thanks so much for the comment. I like your point about the commissions on signing up people. I'm not sure quite how that works with Numis… but one thing I know…
bonuses for signing up new people can be very dangerous. It's illegal to pay bonuses on “strictly recruiting”.
Again, I don't know how Numis is paying those commissions and they are probably doing it legally, but that's one thing potential Numis reps might want to look into.
Paul, thanks for sharing your thoughts. I think you bring up some very good point especially about the law of supply and demand. . There is also so much hype. Now I am hearing about double commissions on signing people up. That will become a red flag as more and more people hype this part up.
Larry,
Thanks for the comment. I would wholeheartedly agree with you that my knowledge of collectible coins is very elementary. 🙂 Certainly not an expert there.
I appreciate you pointing out the fact that you will have interest value with Numatics. A few questions remain. Wich ones will appreciate faster than others? Will it take time for the interest on some to surpass the price at which you purchased the coin? Do you get to select the coins you purchase or are they selected for you?
Here are a few points to consider…
*Usually, in order to make money in niche markets, **especially in collectibles** it's going to take specialized knowledge, and skilled purchasing.
I don't see how signing up as a distributor in a network marketing company immediately makes you a coin expert that's going to possess this specialized knowledge and expert purchasing skill. Add in the fact that in Numis Network, I don't believe that you get to select the coins yourself.
*Secondly, the law of supply and demand raises an interesting question with Numis Network.
If these rare coins are in such high demand, how is that Numis Network can supply these rare and valuable coins to potentially countless numbers of customers and distributors?
*If you were solely interested in buying the coins as an investment, wouldn't it make sense to purchase outside of the network marketing model in order to get the coins without markup?
Again, no expert here just stating my opinion.
The reason you hear all the adds on TV and radio for gold and silver is because of uncertain economic times and potential inflation. If you are investing for this reason, and this reason alone, I still think your best bet is bullion. Again, you're not going to make a ton of money buying bullion, but it will be a hedge against inflation.
Remember, I'm not dissing Numis Network. I think there is a market for the coins. There are some great people marketing this company and if you are one I wish you the best of luck.
I enjoy the conversation my friend.
Make it a great day!
You really should do better research — your understanding of top-grade uncirculated numatic coins is very elementary. For instance, you probably didn't know that of all the Silver Eagles produced by the U.S. Mint in 2009, less than one out of every 2,098 earned the NGC MS70 grade! — the grade, by the way that Numis Network offers to it's customers / ICRs.
And, MS70 Silver Eagles have soared in market price. A 1999 MS70 Silver Eagle, for instance, now commands a $25,000 market price. You can continue buying all the bullion you like, from places like Kitco.com or Apmex.com, but you're staking your purchase on the future price of the bullion only. With Numatics — especially graded, uncirculated coins – you have “interest value” as well.
Larry I am a numismatist myself and agree that if the dollar is in good standing the value of a MS70 Silver Eagle is very high, but I think what Paul is saying is if the dollar collapses the value of the coin will drop down to be worth an ounce of silver.