No time to Panick. Time to BUY!
If you haven't figured it out by now, the gold and silver market is manipulated. I've said that for a very long time. But I've also said that eventually, there will be no choice. "Paper" gold and silver will no longer be trusted; the currency will not be trusted; and physical gold and silver will take it's place in a true market.
If you look around, you'll see that china, russia, and a few other countries are not using the U.S. Dollar as the reserve currency. What that means, is certain items like oil, which has always been agreed to by countries to be bought and sold only with the Dollar (To eliminate price manipulation and control import/export), is no longer quite true. Many countries are saying they'll buy oil and other items in whatever currency they choose. That means there is not a lot of faith in the U.S. Dollar.
Today, Silver prices are at the $17.90 area. This is a time where if you don't already own any decent amount of silver, you should be buying. If you think of gold and silver strictly as an investment, and you're buying it in the hopes that it will go up and you can make a profit, then have at it. But that's not why I recommend silver. It's to hedge inflation. When the dollar gets so weak that inflation takes over, Silver will indeed go up in price. "A Lot". But what good is trading back Silver for say $100 an ounce; if $100 is only worth what $20 is worth today? But having silver, you'll be able to pay for the high end items with real currency.
See, the problem with inflation, and why it hurts people, is because it can take many years for income to come in balance. What I mean is; if in a 1 year period, milk, bread, gasoline, etc... doubled in price, do you really believe that your employer is going to DOUBLE YOUR PAY to cover the difference? No way in hell. But over the years of people whining for the minimum wage to rise and some prices coming down on goods, it will balance again. But that can take years.
And this is where it's going to get tricky. The price of silver and gold are manipulated by the government because they want the value of the Dollar to appear stronger than it really is. If silver and gold go up, that tells people that more people trust silver and gold than the dollar. It's also manipulated by the market, because they are obviously making money selling ETF's and stocks without having enough physical silver/gold to pay for it. That's right....If you take the amount of ounces of silver/gold that are held in paper ETS, Stocks, etc... and added them all up, there is NOT ENOUGH PHYSICAL SILVER/GOLD to cover it.
So what does all this mean? Simple..... People who aren't living paycheck to paycheck, usually do certain things with their money.
1) Pay all bills.
2) Invest in future retirement.
3. Invest in shorter term investments
4) Save money for unexpected expense.
5) Save money for liquid availability vs a retirement account like a 401K with withdrawal restrictions. E.g. Savings account
6) Splurge on things they want.
What I am suggesting, is to take "Some" of the money from #4 and #5 and buy silver. Not saying you need $20,000 worth of silver and to deplete your savings. Depending on your income, $5,000 - $6,000 in today's silver; approximately 300 ounces, could be an excellent saver to sit on. Even if it's for years. Just like you save for unexpected expenses; I'm saying that silver will be better during that unexpected expense if the economy has tanked and the dollar isn't worth as much. It's a no lose situation. If silver doesn't change in price, you still have your silver. You haven't lost. If the price goes down, it's because of deflation. You sit on your silver... Eventually it goes up. If the price skyrockets, it's because of a very weak dollar and inflation. Your $5,000 - $6,000 worth of silver can easily be worth $25,000 - $30,000.
The only think that is good during inflation....... is "PRE-INFLATION DEBT". E.g. You got a mortgage at 4%, but because of inflation, interest rates eventually climb to 8, 9, and 10% and the dollar is inflated. You still have the same debt. But other than a low interest mortgage during a high interest inflation (Which is totally a luck of the draw), nothing else can protect you like silver and gold. I still prefer silver because you can break it into smaller increments. Hard to buy some food with a 1 ounce gold coin if it's worth $5,000 and you want change back. But a silver coin worth $70 - $100 an ounce is more easily used.
Anyway; I suggest taking this opportunity in the low price, (Which won't last long), to buy some silver. Make it part of your "Savings". Part of your "Emergency Fund". I'm not talking about a get rich scheme or a retirement account. And remember,..... if you can TOUCH IT IN YOUR HAND, then it DOESN'T EXIST. Do not buy PAPER silver/gold.
I still buy silver as a means to "Reduce Debt". I also use it purchase items at a "Reduced Cost". I've said that from day one. That is my "Investment" side of silver. But this post is about having "SOME" silver; +/- 300 ounces on hand as an emergency fund. God Bless. CYA: SE:
If you look around, you'll see that china, russia, and a few other countries are not using the U.S. Dollar as the reserve currency. What that means, is certain items like oil, which has always been agreed to by countries to be bought and sold only with the Dollar (To eliminate price manipulation and control import/export), is no longer quite true. Many countries are saying they'll buy oil and other items in whatever currency they choose. That means there is not a lot of faith in the U.S. Dollar.
Today, Silver prices are at the $17.90 area. This is a time where if you don't already own any decent amount of silver, you should be buying. If you think of gold and silver strictly as an investment, and you're buying it in the hopes that it will go up and you can make a profit, then have at it. But that's not why I recommend silver. It's to hedge inflation. When the dollar gets so weak that inflation takes over, Silver will indeed go up in price. "A Lot". But what good is trading back Silver for say $100 an ounce; if $100 is only worth what $20 is worth today? But having silver, you'll be able to pay for the high end items with real currency.
See, the problem with inflation, and why it hurts people, is because it can take many years for income to come in balance. What I mean is; if in a 1 year period, milk, bread, gasoline, etc... doubled in price, do you really believe that your employer is going to DOUBLE YOUR PAY to cover the difference? No way in hell. But over the years of people whining for the minimum wage to rise and some prices coming down on goods, it will balance again. But that can take years.
And this is where it's going to get tricky. The price of silver and gold are manipulated by the government because they want the value of the Dollar to appear stronger than it really is. If silver and gold go up, that tells people that more people trust silver and gold than the dollar. It's also manipulated by the market, because they are obviously making money selling ETF's and stocks without having enough physical silver/gold to pay for it. That's right....If you take the amount of ounces of silver/gold that are held in paper ETS, Stocks, etc... and added them all up, there is NOT ENOUGH PHYSICAL SILVER/GOLD to cover it.
So what does all this mean? Simple..... People who aren't living paycheck to paycheck, usually do certain things with their money.
1) Pay all bills.
2) Invest in future retirement.
3. Invest in shorter term investments
4) Save money for unexpected expense.
5) Save money for liquid availability vs a retirement account like a 401K with withdrawal restrictions. E.g. Savings account
6) Splurge on things they want.
What I am suggesting, is to take "Some" of the money from #4 and #5 and buy silver. Not saying you need $20,000 worth of silver and to deplete your savings. Depending on your income, $5,000 - $6,000 in today's silver; approximately 300 ounces, could be an excellent saver to sit on. Even if it's for years. Just like you save for unexpected expenses; I'm saying that silver will be better during that unexpected expense if the economy has tanked and the dollar isn't worth as much. It's a no lose situation. If silver doesn't change in price, you still have your silver. You haven't lost. If the price goes down, it's because of deflation. You sit on your silver... Eventually it goes up. If the price skyrockets, it's because of a very weak dollar and inflation. Your $5,000 - $6,000 worth of silver can easily be worth $25,000 - $30,000.
The only think that is good during inflation....... is "PRE-INFLATION DEBT". E.g. You got a mortgage at 4%, but because of inflation, interest rates eventually climb to 8, 9, and 10% and the dollar is inflated. You still have the same debt. But other than a low interest mortgage during a high interest inflation (Which is totally a luck of the draw), nothing else can protect you like silver and gold. I still prefer silver because you can break it into smaller increments. Hard to buy some food with a 1 ounce gold coin if it's worth $5,000 and you want change back. But a silver coin worth $70 - $100 an ounce is more easily used.
Anyway; I suggest taking this opportunity in the low price, (Which won't last long), to buy some silver. Make it part of your "Savings". Part of your "Emergency Fund". I'm not talking about a get rich scheme or a retirement account. And remember,..... if you can TOUCH IT IN YOUR HAND, then it DOESN'T EXIST. Do not buy PAPER silver/gold.
I still buy silver as a means to "Reduce Debt". I also use it purchase items at a "Reduced Cost". I've said that from day one. That is my "Investment" side of silver. But this post is about having "SOME" silver; +/- 300 ounces on hand as an emergency fund. God Bless. CYA: SE:
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