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Silver Mom sends eBay packing: ThomWatch

By: Thom Calandra

-- Posted 8 May, 2009 | | Discuss This Article - Comments:

The mom who wants to put a silver spoon in everyone’s mouth just sent eBay packing.

Joyce Espinosa, who mothered a brood of silver bullion aficionados, says her Mom’s Silver Shop is on its own. No more middle-Bay, AKA eBay.

Joyce is grateful for the eBay auction experience. Still, she says she knew the time was right to stake her own spot in the retail silver market. Better margins for her and better prices for customers, she says.

As silver’s price heads toward $14 an ounce, Ms. Espinosa says garage-loft investors are often pleasantly surprised they do not need to buy “junk” silver or government coins to grab a stake in bullion.

“I think it is partly the designs – the skulls and pyramids and bottles of beer, even Obama ‘rounds’ – and part of it the low premiums,” she tells me. ‘Rounds’ are affiliated with no government but represent a full ounce of 99 fine, as they call pure silver.

Ted isn’t the only clan member, all of them in California, pressing and selling silver coins. Her son, Jason Hommel, spins his for an audience and auctions large amounts of silver bars and coins on Peter Spina’s A third son helps work the technology behind the Internet whirligig.

Jason Hommel, who will be at the Las Vegas Money Show selling silver coins, is back east right now, checking out a continuous casting silver extrusion machine before it ships out to his Nevada City, Calif., mint scheduled to go online later this year.

Mother Joyce’s new Internet shop gives ordinary folks a chance to own what they call silver “rounds” at decent prices. Each of them is 99.99 percent silver and comes with different designs, many from son Ted. My favorite is New World Order … and no, I am not a Bible toter. But Jason Hommel is current on The Good Book and often quotes scripture in his silver coverage. 

Joyce Espinoza and sons believe in the silver credo so much these days, Jason just bought and polished up an actual coin shop – in Rocklin, Calif. He says the business is going great guns, in part because most folks “just don’t know how to get hold of bullion unless they see a coin store on the street.” 

That is all for now. Thank you!

Ticker Trax™ 

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THOM CALANDRA in 27 years of road work has helped his audience find value in a quagmire of investment choices. Thom co-founded CBS MarketWatch As the voice of Thom Calandra's StockWatch and The Calandra Report, Thom pegged $300-ounce gold as a long-term hold. Thom visits bioscience companies, metals mines and energy companies in a search for reliable sources.

Ticker Trax is published by Stockgroup Media Inc.  Ticker Trax is an information service for subscribers and neither Stockhouse nor Thom Calandra is a broker or an investment advisor. None of the information contained therein constitutes a recommendation by Mr. Calandra or Stockhouse/Stockgroup Media that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Ticker Trax does not purport to tell or suggest the investment securities subscribers or readers should buy or sell for themselves. Subscribers and readers of Ticker Trax should conduct their own research and due diligence and obtain professional advice before making any investment decisions. Ticker Trax will not be liable for any loss or damage caused by a reader’s reliance on information obtained in the reports. Subscribers and readers are solely responsible for their own investment decisions. Opinions expressed in Ticker Trax are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in Ticker Trax should be independently verified. The editor and publisher are not responsible for errors or omissions or responsible for keeping information up to date or for correcting any past information. Ticker Trax does not receive compensation of any kind from any companies that may be mentioned in the report. Any opinions expressed are subject to change without notice.  Owners, employees and writers may hold positions in the securities that are discussed in Ticker Trax.  PLEASE DO NOT EMAIL THOM SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE.  Copyright 2009 all rights reserved.

-- Posted 8 May, 2009 | | Discuss This Article - Comments:

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