Exciting times
Well, I don't think I need to tell anyone about the recent moves in Silver and Gold. In barely a few weeks, Silver has risen close to $2.00 and Gold close to $100 an ounce. We've been through this before brothers and sisters. The stock market is getting a little scary. The Dollar is starting to get beaten a little. When the stocks start going down, people look for a place to put their money. The dollar isn't looking as good as it use to. Not with passing the $19 TRILLION debt mark. Oil, one of the other commodities, is really down. (Mainly for political reasons). People are starting to look at gold and silver strongly again.
The thing is, because there are still a lot of "INVESTORS", who THINK PAPER silver and gold are the SAME THING as physical, they are buying that. What does that mean? Well, as long as they are throwing money at the paper, the price of all silver and gold will go up too. However; many investors are starting to realize that the paper silver and gold can't come close to covering based on the limited supply of physical silver and gold out there. China, India, Russia, and many other countries are still buying lots of PHYSICAL silver and gold. So are the average buyers. The US Mint sales are already high. So is the Perth Mint, Canadian Mint, and British. In time, some people who are BIG investors, are going to want to trade their paper for some physical. They are going to be told that they can sell for DOLLARS. That they CAN'T HAVE the physical. That's because there isn't enough in the comex to cover it. This has already happened in the past, but it's going to get worse. Especially if stocks keep falling. This is going to make paper silver and gold undesirable by most investors. They will be looking for places that actually cover their buys with physical. The prices are going to skyrocket.
I've had a lot more readers following the blog and they are curious if silver and gold have reached a bottom. Let me make this very clear......... I AM NOT HERE FOR THE SILVER AND GOLD INVESTORS...... Can investors gain insight and knowledge about silver and gold from this blog? Most definitely. But I am not here to help investors buy and sell shorts and longs, to use silver and gold as futures and derivatives. I am here to help those who are SERIOUS about their financial future and stability. Not trying to make a fast buck and the expense of screwing everyone else. If it wasn't for the paper silver and gold market, silver and gold would have PRACTICAL values today. Gold would be close to $2,500 - $3,000 and Silver would be around $60-$100 an ounce. And that wouldn't even count if the dollar was BACKED by gold. That's just the non-paper normal price. So, the PAPER silver and gold traders have screwed over the market.
Luckily for us, the REAL silver and gold buyers, that has given us the ability to buy silver and gold at rock bottom prices. So, to answer the question...... Has silver and gold found their bottom? If you're one of my regular readers, then you know the answer..... IT DOESN'T MATTER. Why? Because of WHY we are buying silver and gold. But I would say, if you haven't reached the goal (In Ounces) of silver and gold that you want to have, you might consider buying a little MORE than you normally do. Think about it. If you went out and bough 100 ounces of silver today; vs a couple weeks ago, it would be about $150 more. In the long term, it's not a big deal. But this is why DOLLAR COST AVERAGING is so important. Keep buying regularly, until you get to the goal you have set yourself. Everything will be fine. If the stock market goes south, then silver and gold will go up and help you through it. When the market recovers and silver and gold go down, you'll have the market to help out in your 401k, ira, etc. You want to stay diversified. Silver and gold is here to help you supplement your income and retirement, help you keep your savings; and ensure you don't stop investing towards your retirement or worse yet have to pull from your retirement early.
CYA: SE:
The thing is, because there are still a lot of "INVESTORS", who THINK PAPER silver and gold are the SAME THING as physical, they are buying that. What does that mean? Well, as long as they are throwing money at the paper, the price of all silver and gold will go up too. However; many investors are starting to realize that the paper silver and gold can't come close to covering based on the limited supply of physical silver and gold out there. China, India, Russia, and many other countries are still buying lots of PHYSICAL silver and gold. So are the average buyers. The US Mint sales are already high. So is the Perth Mint, Canadian Mint, and British. In time, some people who are BIG investors, are going to want to trade their paper for some physical. They are going to be told that they can sell for DOLLARS. That they CAN'T HAVE the physical. That's because there isn't enough in the comex to cover it. This has already happened in the past, but it's going to get worse. Especially if stocks keep falling. This is going to make paper silver and gold undesirable by most investors. They will be looking for places that actually cover their buys with physical. The prices are going to skyrocket.
I've had a lot more readers following the blog and they are curious if silver and gold have reached a bottom. Let me make this very clear......... I AM NOT HERE FOR THE SILVER AND GOLD INVESTORS...... Can investors gain insight and knowledge about silver and gold from this blog? Most definitely. But I am not here to help investors buy and sell shorts and longs, to use silver and gold as futures and derivatives. I am here to help those who are SERIOUS about their financial future and stability. Not trying to make a fast buck and the expense of screwing everyone else. If it wasn't for the paper silver and gold market, silver and gold would have PRACTICAL values today. Gold would be close to $2,500 - $3,000 and Silver would be around $60-$100 an ounce. And that wouldn't even count if the dollar was BACKED by gold. That's just the non-paper normal price. So, the PAPER silver and gold traders have screwed over the market.
Luckily for us, the REAL silver and gold buyers, that has given us the ability to buy silver and gold at rock bottom prices. So, to answer the question...... Has silver and gold found their bottom? If you're one of my regular readers, then you know the answer..... IT DOESN'T MATTER. Why? Because of WHY we are buying silver and gold. But I would say, if you haven't reached the goal (In Ounces) of silver and gold that you want to have, you might consider buying a little MORE than you normally do. Think about it. If you went out and bough 100 ounces of silver today; vs a couple weeks ago, it would be about $150 more. In the long term, it's not a big deal. But this is why DOLLAR COST AVERAGING is so important. Keep buying regularly, until you get to the goal you have set yourself. Everything will be fine. If the stock market goes south, then silver and gold will go up and help you through it. When the market recovers and silver and gold go down, you'll have the market to help out in your 401k, ira, etc. You want to stay diversified. Silver and gold is here to help you supplement your income and retirement, help you keep your savings; and ensure you don't stop investing towards your retirement or worse yet have to pull from your retirement early.
CYA: SE:
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