DON'T PANIC!!!!
Folks, relax. I've gotten quite a few emails lately about the sudden drop in price with silver and gold. All I can say is: "DON'T PANIC". If anything, think of this as a "GIFT FROM ABOVE". A great chance to buy and stock up.
Here's the deal. If you're buying silver and gold as part of your "Insurance" and to hedge against inflation, which we talk about a lot, then this is good news. You can buy more on the cheap. If you're buying because you're a stacker and believe in Economic Armageddon, then you probably don't care. KEEP BUYING. The only people who might be worrying are those buying silver and gold as an "Investment". Hopefully, you're buying PHYSICAL Silver and Gold and not the Paper crap like ETF's and stocks. If you're buying paper..... look for another blog to read. I have no sympathy for you. I write to those who buy the REAL THING.
Now; if you look back at the past 50+ years, and the ups and downs of the silver and gold market, you'll see that there's been some dramatic drops. Especially right before a major increase. Why should now be any different. If things go as expected, the price of silver and gold is going to sky rocket. Is it going to be tomorrow? Next week? Next month? I can't say for sure. But the truth is, it WILL HAPPEN. And as more and more physical silver and gold is demanded, with less faith in the paper, and more industrial needs for silver happen, and china and russia keep buying....... the jump in silver and gold is going to be really dramatic.
I know it's scary to continue to buy when the price is falling, but that's simply your emotions talking. Not logic. Do you want to say buy 20 ounce every month, and each month the price is higher and higher than the previous months? You might get excited and think you're moving up. But isn't it better if you can buy it when it's going down? You can get more for your money.
Don't panic. Silver and Gold have been "MONEY" for more than 5,000 years. A lot longer than the stock market and any paper fiat currency. It will out last all of them. As I've always wrote, I've never said you shouldn't have investments such as stocks, bonds, mutual funds, 401K, IRA, etc. Simply saying that silver and gold ARE NOT INVESTMENTS!!! They are insurance. They are a hedge against inflation. They are there for when the SHTF. Don't put all your money in silver and gold. That's similar to an investment. But don't panic and shy away from some really good deals. Today, you can buy an ounce of gold for $100 LESS than you could about 2 weeks ago. Thats a GOOD THING. You can buy a 20 ounce tube of silver for about $30-$40 less than you could a couple of weeks ago. ENJOY THE OFFER.
If you're doing the Dollar Cost Averaging and buying "X" amount each week or month, then continue on. If you're trying to buy when you have some spare fiat cash or when you think it's done a good drop in price, then continue on with what you're doing. Either way..... DON'T PANIC. The time is coming. The price is going to turn around. The bankers and politicians will lie out their teeth to you. They will do anything to protect their currency. Look at Greece. Now that the banks have re-opened, the bankers and government are BEGGING the people to DEPOSIT their money back into the banks. They claim that they are safer than leaving money at home and depositing will help fix their economy. The people are laughing at the banks and government. Don't believe what the central banks and government are telling you. Fiat currency is in trouble. Paper silver and gold are in trouble. Pretty soon, things are going to right themselves and the physical is going to take off. Have faith my brothers and sisters.
CYA: SE:
Here's the deal. If you're buying silver and gold as part of your "Insurance" and to hedge against inflation, which we talk about a lot, then this is good news. You can buy more on the cheap. If you're buying because you're a stacker and believe in Economic Armageddon, then you probably don't care. KEEP BUYING. The only people who might be worrying are those buying silver and gold as an "Investment". Hopefully, you're buying PHYSICAL Silver and Gold and not the Paper crap like ETF's and stocks. If you're buying paper..... look for another blog to read. I have no sympathy for you. I write to those who buy the REAL THING.
Now; if you look back at the past 50+ years, and the ups and downs of the silver and gold market, you'll see that there's been some dramatic drops. Especially right before a major increase. Why should now be any different. If things go as expected, the price of silver and gold is going to sky rocket. Is it going to be tomorrow? Next week? Next month? I can't say for sure. But the truth is, it WILL HAPPEN. And as more and more physical silver and gold is demanded, with less faith in the paper, and more industrial needs for silver happen, and china and russia keep buying....... the jump in silver and gold is going to be really dramatic.
I know it's scary to continue to buy when the price is falling, but that's simply your emotions talking. Not logic. Do you want to say buy 20 ounce every month, and each month the price is higher and higher than the previous months? You might get excited and think you're moving up. But isn't it better if you can buy it when it's going down? You can get more for your money.
Don't panic. Silver and Gold have been "MONEY" for more than 5,000 years. A lot longer than the stock market and any paper fiat currency. It will out last all of them. As I've always wrote, I've never said you shouldn't have investments such as stocks, bonds, mutual funds, 401K, IRA, etc. Simply saying that silver and gold ARE NOT INVESTMENTS!!! They are insurance. They are a hedge against inflation. They are there for when the SHTF. Don't put all your money in silver and gold. That's similar to an investment. But don't panic and shy away from some really good deals. Today, you can buy an ounce of gold for $100 LESS than you could about 2 weeks ago. Thats a GOOD THING. You can buy a 20 ounce tube of silver for about $30-$40 less than you could a couple of weeks ago. ENJOY THE OFFER.
If you're doing the Dollar Cost Averaging and buying "X" amount each week or month, then continue on. If you're trying to buy when you have some spare fiat cash or when you think it's done a good drop in price, then continue on with what you're doing. Either way..... DON'T PANIC. The time is coming. The price is going to turn around. The bankers and politicians will lie out their teeth to you. They will do anything to protect their currency. Look at Greece. Now that the banks have re-opened, the bankers and government are BEGGING the people to DEPOSIT their money back into the banks. They claim that they are safer than leaving money at home and depositing will help fix their economy. The people are laughing at the banks and government. Don't believe what the central banks and government are telling you. Fiat currency is in trouble. Paper silver and gold are in trouble. Pretty soon, things are going to right themselves and the physical is going to take off. Have faith my brothers and sisters.
CYA: SE:
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