Update on buying and selling silver:
Well, it's been a few days, but I wanted to update. There's a lot of worried people who are buying silver and concerned because the price is stagnant or even down a little. The best thing to do is to compare it to other investments. Savings accounts, CD, savings bonds, etc... What sort of return can you get from those other investments. Combined, you'll find you can get between 0.25% - 1.5%. That is basically 0%. You WILL do better with silver. It can take time, but you will do better.
Silver is a rare metal. The price is manipulated and suppressed. If silver was allowed to be the price it should be, it would be around $100 an ounce. And sooner or later, the price is going to catch up. But the main reason the price is being manipulated, is because silver is a direct correlation to the U.S. Dollar and currency. If silver prices go up, then the dollar goes down. And obviously, the government doesn't want the Dollar to crash. And because 99% of the people have no idea of silver and other precious metals, and how they are REAL money, and that the government's money (The Dollar) is falling.
In time, not too long, the price of silver is going to have to go up. The dollar, along with the Yen and Euro, are going to go down. When that happens, those with money will go to silver/gold. So; be patient and you'll do fine. CYA: SE
Well, it's been a few days, but I wanted to update. There's a lot of worried people who are buying silver and concerned because the price is stagnant or even down a little. The best thing to do is to compare it to other investments. Savings accounts, CD, savings bonds, etc... What sort of return can you get from those other investments. Combined, you'll find you can get between 0.25% - 1.5%. That is basically 0%. You WILL do better with silver. It can take time, but you will do better.
Silver is a rare metal. The price is manipulated and suppressed. If silver was allowed to be the price it should be, it would be around $100 an ounce. And sooner or later, the price is going to catch up. But the main reason the price is being manipulated, is because silver is a direct correlation to the U.S. Dollar and currency. If silver prices go up, then the dollar goes down. And obviously, the government doesn't want the Dollar to crash. And because 99% of the people have no idea of silver and other precious metals, and how they are REAL money, and that the government's money (The Dollar) is falling.
In time, not too long, the price of silver is going to have to go up. The dollar, along with the Yen and Euro, are going to go down. When that happens, those with money will go to silver/gold. So; be patient and you'll do fine. CYA: SE
Comments
Post a Comment