Welcome to the website of Honest Silver and Gold, LP.
Honest Silver and Gold, LP’s goal is to provide consistent cash flow on your investment while minimizing risk from the ups and downs of the market.
Honest Silver and Gold, LP is a Georgia limited partnership that invests funds in physical precious metals. The fund’s aim is to profit between the arbitrage of buying and selling while reducing risk through the use of puts on exchange traded funds (ETFs) whose value reflects the market prices of silver and gold.
To get a better understanding of how the limited partnership works follow this guide:
First, Read the 5 Steps to Turning Silver and Gold into Cash Flow to understand the basics of how buying and selling precious metals can turn into profits
Second, Read How This Fund Works to learn about the actual mechanics of how you become involved in the limited partnership.
Third, email me at neal@honestsilver.com to get more information on becoming a limited partner
You might see that there are new things here at HonestSilver.com. This site is still very much in development, so things may look radically different from one day to the next. But don’t worry, all the content will remain the same.
I wanted to talk for a minute about the logo. On the left side of the logo are “junk” silver coins. On the right side of the logo are $100 bills. That’s really what Honest Silver is all about, turning silver and gold into cash flow.
The actual coins in the logo are mine. They are part of the profits from previous deals that I have personally done in the same way that the partnership will do so. Following the 5 Steps, I bought under-market silver, hedged it through puts, sold it at the market level, and unwound the hedge. Since silver is in a rising trend overall, I decided to keep my profits in silver form rather than cash out entirely.
Net result? My cost basis in the coins in the photo is… Zero. Nothing. I could sell them at any price, at any time, and make money. So don’t wonder if all this talk will actually work. It does and the coins in the logo are the proof.
With the SampleAgreement being done, I thought I would just summarize everything so you don’t have to wade through 151 pages of legalese.
Here’s how it works.
First, I am keeping the fund small. This means fewer than 35 unaccredited investors and less than $5 million in total assets. Keeping the fund small means there are no regulatory or reporting requirements. I have neither the desire nor the patience to deal with that kind of nonsense.
Second, I’m the guy. I make the buying and selling decisions for the fund. I also have an interest in the general partner, Honest Silver and Gold Buyers, LLC.
Third, the mechanics on your part are very simple. Get two copies of the documentation package. It’s about 150 pages saying exactly what I just said in the two paragraphs above. Read it, have your lawyer read it or whomever else you want. Then send me one signed copy of the agreement and a check or wire for at least $10k. When I receive both the agreement and the funds, you’re in. From here on out, you sit back and collect quarterly checks (I might do monthly if you want).
Fourth, I go out, following the 5 steps, buying silver (and gold) under market, hedging the position against market fluctuations, and selling at market. We make somewhere around 8% per month (not guaranteed, past returns are no indicator of future performance, etc etc legal disclaimer) and profits are split 50/50. There are no management fees or asset fees or any other kind of fee. I make money only if you make money.
Fifth, I will be updating this blog with transactions as we go along so everyone will be up to date as to what is going on.
So to talk to me about getting your copy of the placement documents, email me at neal@honestsilver.com
The placement docs are done, at least in the first draft. This has been the major hurdle between potential investors and high steady returns from precious metals trading.
More to come soon….
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