Is Precious Metals a good information niche?

11 replies
Im looking into creating a new Info Product and have been looking at a few niches. I was wondering whether Precious Metals (IE. Gold and Silver) is a good niche. Reasons why:

1) People are looking around for a safe haven to store their value. By providing this medium to educate them, it might satisfy increasing demand
2) People are clueless about this.
3) Rising prices of the metals = Rising Interest = hunger for knowledge

Some Feedback needed...THANKS IN ADVANCE

Fairus
#gold #good #good niche #information #information product #metals #niche #precious #silver
  • Profile picture of the author Rus Sells
    This is a good niche if you know the market. You'll need to target people who are patriots, etc. They fit into this genre amongst others as well.

    Do you research on this niche, its pretty competitive.
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  • Profile picture of the author Suthan M
    SHORT ANSWER: YES.
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  • Profile picture of the author imsas
    Definitely a good niche.. What what exactly will you be offering?.. It seems there are a LOT of websites offering real time prices on gold/silver and a lot of them willing to BUY gold/silver.. So a site that provides valuable content on how to invest in gold/silver would be a success I think, as there are not that many out there.. Obviously you would need to have some experience in this niche..
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    • Profile picture of the author myob
      This is a very lucrative market, as is investing in general. Gold in particular is a very hungry market, and there's a slew of Clickbank products on this exact topic selling like hotcakes.
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    • Profile picture of the author fairusfarok
      Originally Posted by imsas View Post

      Definitely a good niche.. What what exactly will you be offering?.. It seems there are a LOT of websites offering real time prices on gold/silver and a lot of them willing to BUY gold/silver.. So a site that provides valuable content on how to invest in gold/silver would be a success I think, as there are not that many out there.. Obviously you would need to have some experience in this niche..
      I thank you all for the prompt replies.

      Well, I wouldn't call myself a Guru like the mainstream heavyweights such as Mike Maloney, David Morgan, Jim Rickards, etc. etc. etc. But I have been studying it since 05 and investing in the metals since 07. Had my fair share of pitfalls and scams to share with people.

      Im planning to create a free ebook describing the pitfalls of Gold and Silver Coin and Bar Investing. Then an idea that I have is a $37 video series about how to invest in Gold and Silver, without getting scammed and having a peace of mind. I can envision a 5 module series from there.

      Also periodic updates and analysis of the commodities and wealth cycles markets. I dun exactly have a team of analysts with me, and most analysis is done by me after tons of daily news reading and analysis, coupled with non mainstream news sources.

      After doing my research, I am thinking targetting the small time investor might be the best way to approach this niche.

      Thanks once again guys.
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  • Profile picture of the author Thomas Michal
    I use to be a precious metal broker here in MPLS,Mn and I'm going to say no unless you really know what you are talking about... and when it comes to giving advice in investing I'd make sure you are legally able to.

    You can't tell people gold is a safe haven investment when really it isn't... it IS a tangible asset but that doesn't mean you aren't subject to loss, and if you are playing around with gold/silver futures/options these can be some of the least safe investment you can be in if you are uneducated.
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    • Profile picture of the author fairusfarok
      Originally Posted by Thomas Michal View Post

      I use to be a precious metal broker here in MPLS,Mn and I'm going to say no unless you really know what you are talking about... and when it comes to giving advice in investing I'd make sure you are legally able to.

      You can't tell people gold is a safe haven investment when really it isn't... it IS a tangible asset but that doesn't mean you aren't subject to loss, and if you are playing around with gold/silver futures/options these can be some of the least safe investment you can be in if you are uneducated.
      Interesting...You remind me of the old adage..."A little knowledge can be VERY DANGEROUS if one doesn't understand it fully"...Now you put me to thinking whether im putting my reputation on the line if i were to put the product out there, knowing that there is real risk that people will lose cash. Cause they do not have the requisite knowledge to understand basic demand and supply sometimes.

      I mean Im comfortable just being in bullion, and the volatility is something i've gotten used to since i focus on the fundamentals. But i don't know whether the public will have the same emotional control as I have developed over the years. I can imagine the backlash if a momentary short dip takes place, and i have a blast of emails asking for refunds...

      You make a valid point though, one that seriously needs to be considered... Thanks for the converse view!
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      • Profile picture of the author Bill Farnham
        I'm guessing this niche will gain more traction going forward as people look for other places to put their money as equity markets implode.

        Volitility = interesting drama. Who doesn't need more drama in their life? :p

        One thing you are probably aware of is that folks who follow this niche also enjoy following certain individuals (you named a few) and that's where the real traction comes into play. If you can break into the blogosphere inner circle surrounding this niche you'll find quite a hungry audience.

        I'm not sure a single product will do well without a continued presence on the net (your blog). Folks like David Morgan seem more than happy to give interviews on peoples blogs, including video, and that kind of partnering can do wonders for your credibility.

        If you have the ability to keep up with current events, such as the Silvercorp debacle, that kind of theatre works well with your audience. If you caught Jim Puplava's interview with Lorne Waldman the other day he seemed to lay to rest some of the questions regarding the accusations against Silvercorp only to have Alfred Little come out today with both barrels blazing with more accusations of "Substantially Inflated" earnings (thanks ZeroHedge) and this kind of theatre is entertaining if not distracting. (I mention this because that niche eats this stuff up.)

        Bottom line...if you are knowledgble in the PM niche, that market is only going to grow. If you establish a web presence and have a good product you should do well. And as others have stated you'll want to stay away from investment advice and stick with the fundementals of how that market works. At least for the time being. That segment alone should be growing like wildfire going forward.

        ~Bill
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    • Profile picture of the author Jacob Hargreave
      Originally Posted by Thomas Michal View Post

      I use to be a precious metal broker here in MPLS,Mn and I'm going to say no unless you really know what you are talking about... and when it comes to giving advice in investing I'd make sure you are legally able to.

      You can't tell people gold is a safe haven investment when really it isn't... it IS a tangible asset but that doesn't mean you aren't subject to loss, and if you are playing around with gold/silver futures/options these can be some of the least safe investment you can be in if you are uneducated.
      Thomas is correct. Precious metals fluctuate in value and its mainly at it's highest when the economic system is suffering and the exact opposite when it's doing well.

      It's very important that you know the trends precious metals take in the market place as it will really prepare and educate your clients when investing. He isn't saying to scrap the idea, but simply to be fully knowledgeable in your findings and presentations.

      The niche is profitable and you have the means to get your product created, so I say go for it full force.
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      Jacob Hargreave at your service...

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  • Profile picture of the author Bill D-G
    I would say it depends on keywords. I love "gadgets" but I will never own that keyword. Now, if I can find a keyword combo that includes the word "gadgets" or if I can become a world-class expert on gadgets than I might have a chance. Same applies to precious metal trading. My 2 cents.
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  • Profile picture of the author WiiLoveSuccess
    I must agree with Thomas Michal. There are regulations that you will want to be very clear about. You don't want any government agency knocking on your door one day. It's one thing to give advice and another to share your testimony about Your Experiences on this subject. Unless you have the proper securities licenses I would lean toward the latter approach.

    Best Wishes to you.
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