READ: With a grain of Salt
I wrote a post a few months back about this; but it's important so I wanted to mention it again.
Just because you read it on the internet, DOESN'T MEAN IT'S TRUE. Or at the least, it doesn't mean that it's "Good Information".
When it comes to exchanging your paper money for REAL money like Silver and Gold, definitely read/watch/hear everything you can about the subject. But here are some simple rules.
1. If the website, blog, video you are getting information from actually SELLS Silver and/or Gold as part of their service..... TAKE THAT INFO WITH A GRAIN OF SALT. They obviously want to make money. So even if it's NOT a good time to buy silver or gold, they are going to tell you it IS a GOOD TIME. They want you to buy from them. This is not to say that there isn't some good info there; just realize their agenda. Kitco and others are a good example of this. Like I mention below, this isn't to say these are bad places to buy/sell from; or to get information. Just keep in mind their agenda.
2. Use 3rd party websites, blogs, videos, etc. But don't panic if you see some of these sites "Advertise" for companies that do SELL Silver and Gold. Websites, Blogs, etc. costs money most times to operate. It's OK to advertise for these companies. Sometimes websites and blogs are closely tied to companies that sell silver and gold. But you wouldn't know it initially. Silverdoctors.com and SD Bullion is a good example. This is not to say that Silverdoctors.com isn't a good site to go to; or that SD Bullion is a bad place to buy from. BOTH ARE GOOD. And Silverdoctors.com has some great contributors they get their information from. Just saying to remember that everyone has an agenda or motive. Make sure your information you are basing your silver and/or gold purchasing for is neutral.
3. Anything you find that is interesting to you; seems good; makes you passionate; etc. do a separate search on that information and do what you can to validate that information. E.g. if a site says they expect Silver to jump to $100 per ounce in the next few months; or gold to go to $10,000 per ounce; COLLABORATE IT!!! See if there are sites suggesting the same forecast. If this is a LONE POST, it may have no actual validity to it. Same with anything. If a site says or recommends that you have a minimum of 100 ounces or 1000 ounces of silver; search on this and find out what others think. In other words, don't use a SINGLE SOURCE of Information to make decisions.
4. Finally; other than God and Family; KNOWLEDGE is the most important thing in life. It gives you power, freedom, wealth, and independence. The more knowledge you have, the less dependent you are on others. Using the internet and youtube videos, my wife was able to figure out how to put on the rear windshield wiper blade on her SUV when I wasn't around. That gave her a good feeling. I've used knowledge to fix my own car; tile a bathroom; roof a house; etc. That's money I don't have to spend for others to do it for me. It's independence in case I NEED SOMETHING DONE and don't have others or can't afford others to do it for me. Well; the same goes for having silver and/or gold; and your personal finances in general. The more you learn about silver and gold, the more less dependent you become on the national fiat currency. The less affected you will become from an economic collapse or hyperinflation. Just remember; you have to validate knowledge. Just because you read/hear/see it, especially on the internet, doesn't mean it's 100% accurate or true.
This includes my Blog that you are reading. I have proved through the years that I have no agenda or motive to exploit you for. I never recommend a seller/buyer; if I recommend a site/blog/etc. I always recommend more than one. But what I write; either from my own knowledge or reposts of others, I WANT you to validate by researching other sources. I could be wrong. While unlikely; I could be wrong at least "FOR YOU". No two people or their finances are exactly the same. For one person, having 25% of their liquid assets in silver or gold might be the best thing. For someone else, maybe they should use their liquid assets to reduce their debt. So take the knowledge you gain from this blog and ALL sources, and validate and verify them.
Take care:
CYA: SE:
Just because you read it on the internet, DOESN'T MEAN IT'S TRUE. Or at the least, it doesn't mean that it's "Good Information".
When it comes to exchanging your paper money for REAL money like Silver and Gold, definitely read/watch/hear everything you can about the subject. But here are some simple rules.
1. If the website, blog, video you are getting information from actually SELLS Silver and/or Gold as part of their service..... TAKE THAT INFO WITH A GRAIN OF SALT. They obviously want to make money. So even if it's NOT a good time to buy silver or gold, they are going to tell you it IS a GOOD TIME. They want you to buy from them. This is not to say that there isn't some good info there; just realize their agenda. Kitco and others are a good example of this. Like I mention below, this isn't to say these are bad places to buy/sell from; or to get information. Just keep in mind their agenda.
2. Use 3rd party websites, blogs, videos, etc. But don't panic if you see some of these sites "Advertise" for companies that do SELL Silver and Gold. Websites, Blogs, etc. costs money most times to operate. It's OK to advertise for these companies. Sometimes websites and blogs are closely tied to companies that sell silver and gold. But you wouldn't know it initially. Silverdoctors.com and SD Bullion is a good example. This is not to say that Silverdoctors.com isn't a good site to go to; or that SD Bullion is a bad place to buy from. BOTH ARE GOOD. And Silverdoctors.com has some great contributors they get their information from. Just saying to remember that everyone has an agenda or motive. Make sure your information you are basing your silver and/or gold purchasing for is neutral.
3. Anything you find that is interesting to you; seems good; makes you passionate; etc. do a separate search on that information and do what you can to validate that information. E.g. if a site says they expect Silver to jump to $100 per ounce in the next few months; or gold to go to $10,000 per ounce; COLLABORATE IT!!! See if there are sites suggesting the same forecast. If this is a LONE POST, it may have no actual validity to it. Same with anything. If a site says or recommends that you have a minimum of 100 ounces or 1000 ounces of silver; search on this and find out what others think. In other words, don't use a SINGLE SOURCE of Information to make decisions.
4. Finally; other than God and Family; KNOWLEDGE is the most important thing in life. It gives you power, freedom, wealth, and independence. The more knowledge you have, the less dependent you are on others. Using the internet and youtube videos, my wife was able to figure out how to put on the rear windshield wiper blade on her SUV when I wasn't around. That gave her a good feeling. I've used knowledge to fix my own car; tile a bathroom; roof a house; etc. That's money I don't have to spend for others to do it for me. It's independence in case I NEED SOMETHING DONE and don't have others or can't afford others to do it for me. Well; the same goes for having silver and/or gold; and your personal finances in general. The more you learn about silver and gold, the more less dependent you become on the national fiat currency. The less affected you will become from an economic collapse or hyperinflation. Just remember; you have to validate knowledge. Just because you read/hear/see it, especially on the internet, doesn't mean it's 100% accurate or true.
This includes my Blog that you are reading. I have proved through the years that I have no agenda or motive to exploit you for. I never recommend a seller/buyer; if I recommend a site/blog/etc. I always recommend more than one. But what I write; either from my own knowledge or reposts of others, I WANT you to validate by researching other sources. I could be wrong. While unlikely; I could be wrong at least "FOR YOU". No two people or their finances are exactly the same. For one person, having 25% of their liquid assets in silver or gold might be the best thing. For someone else, maybe they should use their liquid assets to reduce their debt. So take the knowledge you gain from this blog and ALL sources, and validate and verify them.
Take care:
CYA: SE:
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