Are you doing well with Silver & Gold

I've been saying for over a year; more than that actually; that Silver and Gold are going to keep doing better. Well..... here we are. Gold is sitting at $4,214 an ounce and Silver is at $58.60 an ounce. If you've been following..... and you traded (Remember, we don't BUY gold and silver, we TRADE FIAT CURRENCY for Gold and Silver to PRESERVE WEALTH); then you've probably done quite well.

Does this mean it's too late to get silver and gold? Did you miss the boat? No..... not at all. Remember what I just said; Silver and Gold is a means to PRESERVE WEALTH. That doesn't mean you should never trade back FROM silver and gold back to dollars or whatever your currency is. That is one of the reasons I give for having silver and gold. It also doesn't mean that you should be buying any silver or gold now that the rate is over $4,200 for gold and over $58 for silver. Do NOT TRY AND PLAY silver and gold like it's a STOCK or Mutual Fund. You can't do that "Buy Low and Sell High" stuff. You'll get burned.

Silver and Gold is for the long haul to preserve your wealth. It's there as a means for semi-long to hold its value in order to purchase something long term. It's there in case of a SHTF scenario where the dollar (currency) has tanked because of inflation/deflation or monetary instability. In other words.... if the entire economy tanks; silver and gold are going to be valued a LOT HIGHER than it is right now. That's why you should have some on hand. If you want to preserve your wealth for the future, then you should also have some on hand.

Will silver and gold go higher? Yes.... Will silver and gold go Lower? Yes..... Silver and Gold move based on the economy. Silver ALSO moves because it's an INDUSTRY METAL. It's used in every piece of electronics; medical; solar energy; etc... the list is endless. So why is silver at $58 and gold at $4,214. Well.... in my opinion (from many years of tracking, trading, and monitoring); part of it is because of the US Debt. The US National Debt is over $38 TRILLION DOLLARS. That's a LOT OF DEBT. A lot of people want to put, at least for now, their "dollars" or whatever currency, into something a bit more stable. Also, Silver and Gold has been heavily manipulated of the past decade or two. They even tried getting in silver and gold ETF's in the market, just like they're trying to control and manipulate digital currency like Bitcoin. DON'T DO IT!!!! If you can't HOLD SILVER & GOLD physically IN YOUR HANDS....... It DOES NOT EXIST!!! Right now, if ALL of the Silver and Gold ETF's and other PAPER versions were to have a total SELL OFF..... there wouldn't be anywhere CLOSE to enough Silver and Gold in the WORLD to give to these people with paper Silver and Gold. It's a SCAM!!!

So, this is a real good time for you to look at your holding. I recently traded SOME of my silver for gold. Yes..... Currently, the ratio between the two is 71.87 ounces of silver for 1 ounce of gold. What does that mean???? Well, for every ounce of gold it would take 71.87 ounces of silver to be worth the same. Not too long ago; (few months), the ratio was at around 100 ounces of silver to 1 ounce of gold. Now.... theoretically, if the ratio gets back to 100 to 1, I could trade back an ounce gold and get 100 ounces of silver. That means I'll have about 28-29 MORE OUNCES of silver than I started with.

This might also be the time to TRADE BACK some of your silver or gold for dollars; IF you were holding some of your metal for a future high dollar purchase. Remember, you should have silver and gold for MULTIPLE REASONS!!! Preserve your wealth for the future; e.g. retirement, etc... Not as long term for high price purchases where the gold and silver are doing better than the economy; and in case of an economic Armageddon. So; let's say you've been thinking of buying a new car for the last few years. But time isn't important. Your existing car is doing fine. But you look at your silver and gold holding now and you realize that your BREAK EVEN POINT with the silver you have on hand is around $20 an ounce. meaning you bought around $20; some at $17; some at $30; etc... and the average is $20 now. With silver currently close to $60 an ounce, if you tool 1000 ounces of silver and traded back to dollars, you'd get close to $60,000. But, your break even point means you only traded $20,000 dollars FOR that 1000 ounces of silver. So basically..... you can buy a $60,000 car for $20,000.

We're not playing "The Market" here. We're playing "The ECONOMY". The world ALWAYS had silver and gold as its currency. Only in recent times has countries gone to PAPER CURRENCY with absolutely no intrinsic value at all. Coins were made of silver and gold and had their value. Now, the paper value is simply "The FAITH" of a country not to go bankrupt. So.... nothing wrong with having silver and gold for multiple reasons. I wouldn't trade back ALL my silver and gold for dollars. Unless of course you had enough to buy a house free and clear with no mortgage. Because then you could take what mortgage payment you WOULD NORMALLY PAY and use that to build back up your silver and gold cache. But using silver and gold to stay out of debt is wonderful. Just make sure you either keep some; or can get more soon; for the other scenarios like economic Armageddon or to preserve your wealth for the future.

CYA:

SE