Is Now a Good Time to Buy?
JANUARY 25, 2011
Nobody wants to miss out on a great investment, it's human nature. Yet, time and time again at GoldSilver.com we see investors rush in as prices climb, only to regret their investment decisions a few days later when a short-term price pullback ensues.
To make matters worse, some overzealous investors start to feel down in the dumps. Some even think their purchase was a bad decision now that the paper prices of silver and gold have recently dropped. Worse of all, they may even ponder the poor idea of selling!
When one combines irrationality and reactionary decision making, chances for investment success are near zero.
At GoldSilver.com we have learned to think differently and, more importantly, we teach our customers how to as well.
We learn the fundamentals, we plan for our investments, and we don't let day-to-day price fluctuations steer us off course.
When I first started investing in the early 2000's, I used to do a lot of second-guessing. A few times I was tempted to go off-course—for instance, when real estate was white hot around 2004 and 2005. But the more research I do, the more I study past cycles and economic history, the more certain I feel that I am in the right place at the right time, and that the precious metals cycle is on an unprecedented upward ride. I know my plan is the right plan for me. Develop a plan, write it down, and stick with it.
- Mike Maloney, WealthCycles.com
Nobody wants to miss a price rocket to the moon!
It was just some 3 weeks ago, silver touched an intraday high of $31.25 while gold stood above $1423 per ounce. Spurred by headlines about silver and gold's end of the year moves, investor demand and interest became pronounced.
But, all of you out there who've educated yourselves on the fundamental reasons to invest and own physical silver and gold bullion long-term... certainly you should understand the following: It is the intelligent, brave, and early crowd (investing for the long-term in physical silver and gold well ahead of the masses) it is you who will not only preserve but we believe thoroughly enhance your wealth positions.
When you sit down and study the fact that even with nominal gold highs happening every other month, less than 2% of the western world actually owns physical investment grade gold and/or silver!
With all the fundamental issues with the world's financial system, downturns in price are a godsend. Price drops simply afford us more time to convert paper stocks, bonds, mutual funds, and fiat currencies into physical gold and silver investment vehicles.
It is physical silver and gold bullion that shall shine paths for us through the dark economic times ahead.
Is Now a Good Time to Buy?
At this particular moment in history, gold and silver are on the upswing. In my opinion, based on their value relative to other things of value, on the stages of other asset cycles, and on the state of our global economy, gold and silver are still far away from their peak. In other words, you can buy now, and you can buy next month, and you will be on your way to being positioned to take advantage of what I believe will be the greatest wealth transfer in human history.
Sage Advice: If You Are Not in the Physical Silver and Gold Game ---> Get In!
Nobody is going to care whether you bought silver at $20, $40, or $60. This is a game of ounces.
What your ounces are worth in debased nominal fiat currencies will mean very little to how often you had the insight to pony up to the silver and gold table.
When the masses come running for physical gold and silver to save their financial well being, there will only be so many seats at the table. Supply will most certainly lack when the game's demand reaches its apex. It is at this hour when physical silver and gold bullion buyers will be wielding some serious financial power.
This is a game of discipline. Acquire on a timely and rigorous schedule, drop the emotion and execute. Get your share of ounces — before its too late.
The information, opinions, and financial data presented are for educational purposes only and are not intended as investment advice. No guarantees are made as to the accuracy of the information provided herein. Situations can change from day to day. Every investor should do their own due-diligence to determine which investments are best for them.
You must assume the responsibility and liability for all decisions that you make on the basis of the information herein contained. GoldSilver.com, makes no warranties, expressed or implied, as to the fitness and accuracy of the information provided or for the results obtained by using the information. Those making investment decisions based on any of the information presented should do so in the knowledge that they could experience significant losses. In no event shall GoldSilver.com be liable for direct, indirect, or incidental damages resulting from the use of the information.