Is it time to start buying again?
Hello friends. Well, the holiday season is hear; Donald Trump is going to be President; the markets are going through the roof with the DOW ready to break past 20,000; interest rates should be going up, even if only a little; oil is back to $50 a barrel; and Silver is back down to around $16.15 and gold around $1130.
So, what does this mean for those of us buying/holding silver? (And some gold). Well, if you've been one of my world-wide blog followers over the last few years, then you know WHY we are buying silver and gold. If you're one of those trying to "Invest" in silver and gold, you're probably panicking a little right now. But for us who buy to protect against inflation; supplement retirement income as part of our portfolio; buy to reduce future debt or purchase items at a discount; and to protect some of our worth against an economic Armageddon; this is a pretty good time. If you're just getting into buying, or slowed down some of your buying because the prices were going up, this is a good time to buy some silver and gold.
I usually recommend the dollar cost averaging, whereby you purchase a set amount on a regular basis. Weekly, or monthly, etc. This way, these lows will offset the highs. But I know it's difficult for some to look at the "Value" of their silver on paper "GOING DOWN" and trying not to panic. REMEMBER: Silver and Gold are the REAL MONEY. When you look at it's value vs paper currency like the dollar, euro, etc. you're not looking at the value of silver and gold changing; you're looking at the value of PAPER CURRENCY changing. But remember, throughout history, silver and gold has held their purchasing power. And that's what's important. Being able to purchase an item today for $100 will not be the same in a couple years. It never is. That same item will cost MORE than $100. That's normal life and inflation. But what you can buy TODAY with an ounce of silver and/or gold, will pretty much be able to buy you the same thing in the future. Just like it has in the past. Of course, the down to the penny amount will fluctuate daily, so don't worry about that.
So understanding this, those of us who have bought and are holding, we feel good. And with the price down right now, it's a GREAT opportunity to purchase if you wanted to get more and were waiting. In the future, things WILL CHANGE. The stock market cannot continue on the course it's been taking. It will go down. Depending on what Trump does with Energy, that could make the price of oil drop dramatically. Once the USA's politics settle down, after inauguration day, the dollar will back off in price vs other currencies. I believe that if you look out 5-10 years from now, today's silver and gold prices are going to be a steal. And what's the worst that can happen? Down the road, you sell the silver and gold, and you maintained your purchasing power. Definitely better than the 0.01% interest rate from the bank.
Take care, have a great Christmas, a Happy New Year, and a happy holiday season.
CYA: SE:
So, what does this mean for those of us buying/holding silver? (And some gold). Well, if you've been one of my world-wide blog followers over the last few years, then you know WHY we are buying silver and gold. If you're one of those trying to "Invest" in silver and gold, you're probably panicking a little right now. But for us who buy to protect against inflation; supplement retirement income as part of our portfolio; buy to reduce future debt or purchase items at a discount; and to protect some of our worth against an economic Armageddon; this is a pretty good time. If you're just getting into buying, or slowed down some of your buying because the prices were going up, this is a good time to buy some silver and gold.
I usually recommend the dollar cost averaging, whereby you purchase a set amount on a regular basis. Weekly, or monthly, etc. This way, these lows will offset the highs. But I know it's difficult for some to look at the "Value" of their silver on paper "GOING DOWN" and trying not to panic. REMEMBER: Silver and Gold are the REAL MONEY. When you look at it's value vs paper currency like the dollar, euro, etc. you're not looking at the value of silver and gold changing; you're looking at the value of PAPER CURRENCY changing. But remember, throughout history, silver and gold has held their purchasing power. And that's what's important. Being able to purchase an item today for $100 will not be the same in a couple years. It never is. That same item will cost MORE than $100. That's normal life and inflation. But what you can buy TODAY with an ounce of silver and/or gold, will pretty much be able to buy you the same thing in the future. Just like it has in the past. Of course, the down to the penny amount will fluctuate daily, so don't worry about that.
So understanding this, those of us who have bought and are holding, we feel good. And with the price down right now, it's a GREAT opportunity to purchase if you wanted to get more and were waiting. In the future, things WILL CHANGE. The stock market cannot continue on the course it's been taking. It will go down. Depending on what Trump does with Energy, that could make the price of oil drop dramatically. Once the USA's politics settle down, after inauguration day, the dollar will back off in price vs other currencies. I believe that if you look out 5-10 years from now, today's silver and gold prices are going to be a steal. And what's the worst that can happen? Down the road, you sell the silver and gold, and you maintained your purchasing power. Definitely better than the 0.01% interest rate from the bank.
Take care, have a great Christmas, a Happy New Year, and a happy holiday season.
CYA: SE:
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