Morons and Pannicking

 Just writing a little something something here. With prices of Silver and Gold (As well as the stock markets) going down recently, there's some that are panicking about their silver and gold stacking. You hear the same thing when people talking about the housing market and the price of their home dropped $50,000. My question is: "Were you planning on selling your house soon". Usually the answer is no. "So what the hell are you complaining about? You haven't lost ANYTHING. Same with silver and gold. Did you plan on trading back all your silver and gold for Fiat Dollars soon? If not, then what the hell does it matter"? You still have "X" amount of ounces. And just like the housing market, the purchasing power remains the same. If your house lost a certain percentage, then there's a 90% chance that any house you were going to buy, to replace the one you're selling, also dropped the same percentage. And you have to live some place. 

So, what should you do if you see the silver and gold prices going down? Do I really have to answer this for you? Ok,,,,,, I will....... "BUY MORE SILVER AND GOLD". You're getting a discount on it. The big thing is; can you find any to buy. If you can, and the price is going down, BUY MORE!!! 

There's actually morons out there blogging and on youtube videos who are saying that buying physical silver is a waste of time and money. That it's risky. They say it's BETTER to buy Silver/Gold ETF's and other contracts. What a bunch of Phucking Idiots!!!. According to Goldbroker, and many other reliable sources, the average ratio of Silver Paper ounces, vs physical ounces to back it up, is 250 : 1. Even the more optimistic sites show 185 : 1. Do you see what I'm saying. For every 185 to 250 ounces of PAPER SILVER, there's only 1 physical ounce available IN THE WORLD to cover it. So that means, either your investment in paper will only be worth 1/185 to 1/250 of what you paid for it, or you may risk being only 1 in 250 people to be able to have their contract filled. 

Folks, remember..... if you can't physically hold the silver or gold in your hand....... IT DOES NOT EXIST!!! Some will say it's risky because there are a lot of fake bullions out there. That's why you buy from reputable businesses. Buy reputable bullion. Eagles, Maple Leafs, Phiharmonics, etc. Buy from well know companies and local shops that have a good history. Most of the fakes are going to be in larger items. e.g. 10 oz bars, 100 oz bars. It costs a lot of time and money to make a fake look like a Silver Eagle just so you can get $28. Just be smart with where you buy from. 

Bottom line: Don't let these morons tell you silver and gold is a bad investment. Don't let them tell you to buy paper silver and not physical. Don't let them scare you with faux economics. Silver and Gold have been MONEY for thousands of years. No US Dollar is going stop that. Silver and gold is a way to PRESERVE your wealth. Take care:

CYA:

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