My projection. Do you have your silver and gold.
It's been a while, but with the economy over the last couple of years, the price of silver and gold were pretty stagnant. However, over the last year the prices have definitely been climbing. The inflation rate, prices of goods and services, price of fuel, mortgage rates, etc. have definitely impacted the price of silver and gold. People in the know, realize that they need to PROTECT their assets.
Silver is over $27 an ounce and Gold is over $2300 and ounce. What do I think is going to happen to the prices? I believe that over the next 6 months the price of silver and gold will maintain and probably continue to inch upward. Remember, my number 1 purpose for you to own silver and gold is to preserve your wealth. We don't buy (exchange dollars) for silver and gold as an investment to "make money". We exchange our dollars for silver and gold to preserve our wealth. As you can see, and as I have mentioned over and over again through the years, as the cost of living goes up, the value of your silver and gold go up to offset. For the person who needs to, they can go back and forth between silver/gold and dollars to maximize their wealth. For those who aren't financially strapped, they can obtain silver and gold and hold on to it in case the time comes where massive inflation kicks in and their income can't handle the expenses.
If you don't have your minimum amount of silver and gold that is recommended, I suggest you get it now. It's quite probable that silver is going to go past the $30 an ounce range and gold will surpass $2500. What is my minimum recommendation you should have? I believe that 500 ounces of silver is the minimum. Along with that, 5 ounces of gold. I know that's about $13,500 in silver and $11.500 in gold at today's prices, but if you get your silver and gold a bit at a time, like 10 ounces of silver per month ($275) and save for 1 ounce of gold every 3-4 months; you can get to where you need to be.
Remember, once you have your silver and gold you can hold onto it forever. The more they push electric vehicles, batteries, solar panels, etc. the MORE silver prices will continue to rise. Gold is tied more heavily to the economy, but silver is tied also to industrial use. And anything electrical, solar, medical, and so on NEEDS SILVER.
If the economy doesn't crash, and you don't need the silver and gold to get you through financial rough times, you'll still have it for the future. If you retire, have enough monthly income, no debt at all including no mortgage, and are financially stable, you can always trade back out your silver and gold and use the dollars for other things in your life. If the economy straightens out, inflation goes down, so with all the interest rates. Great for loans but terrible for savings. The 4-5% CD rates won't be there any longer. The 5.25% T-bill rates won't be there. Remember, stocks, bonds, real estate, etc. are great INVESTMENTS. But a balanced portfolio also includes CASH for emergencies and miscellaneous expenses. Silver and gold is to balance you out when the economy hits turmoil.
CYA
SE
Comments
Post a Comment