Preservation Of Wealth - A Critical Review

Preservation of Wealth (POV) is pretending to be a network marketing opportunity but it is more like a wholesale buyers club for bullion coins. To become a member of Preservation of Wealth you have to pay an annual dues of $249, and for that you get one Silver Eagle bullion coin and the right to purchase bullion coins at cost. It has the look of a network marketing company because you are paid $100 commission on every annual membership you sell. In addition they offer a binary commission structure that is based on team volume. The corporate website is unclear regarding their binary commission structure pays.When you look at their corporate website you can view the various bullion coins they have for sale. What you will find is typical pricing for bullion coins, that is spot plus a dollar amount. Everyone sells bullion coins this way and do you know why? Because that is all the market will bare. Most major coin sellers that we all hear advertise on television and radio or see on the net make their profit from numismatic coins. This is where the profit margins are found. So consider what POV is offering. You pay $249 to a air angry bird year so you can buy coins at cost. Assuming cost is the spot price of metal then at current prices for silver you can get an American Silver Eagle Miu Miu Handbags for about $34.50. So your actual cost for your yearly dues is $214.50. You can buy a Silver Eagle bullion coin on the open market for spot plus $2.50 or $37.00. This means you have to buy 85 coins a year to break even on your membership. At today's prices that mean you have to spend at about $3,000.00 a year on Wholesale Air Swimmers Silver Eagles to break even and recoup your membership fee. The company's website does mention that members receive special offers. How much to you want to bet that those special offers are great prices on numismatic coins? This is where the profit is for coin sellers. I am not suggesting that the POV is not worth the membership fee it may be worth it if you are going to buy a few thousand dollars in coins but I do question the profit potential as a business opportunity. Especially when you compare it to a company like Numis Network, which is a true network marketing company. Numis Network's marketing efforts are directed toward the distribution of numismatic coins. A numismatic coin is a coin that has a value in addition to it's metal content. Numis has an exiting commission plan that is loaded with coded bonuses and pays multiple ways. The loudest criticism against this company has been the claim that it coins are overpriced. To fight that they have agreed to purchase back their coin of the month club coins for full value after five years. No other coin seller well guarantee the value of the coins they are selling.