BUY SILVER WHILE IT'S CHEAP!!!
I expect GOLD will most likely continue to dangle in the 590 to 600 range today. SILVER will probably come back to 12.75 and close somewhere between 12.60 and 12.80. It is still very possible for it to break 13.00 today (any day soon) for that manner, and I am still calling $15.00 before the end of the month. I really don't think most investors realize the squeeze that is about to be put on the market.I recall buying SILVER @ 6.78/oz - I wondered if I had lost my mind. I thought maybe I had read too much of the literature of how silver was undervalued. I thought maybe GOLD was a far better investment vehicle.
Being the strategist that I am I covered all the bases and did the math. I calculated my interest on current investments, my anticipated rate of return, my realizable net profits, (if everything went according to plan) which hardly ever happens in todays volitile marketplace, and figured what I would lose if SILVER fell to 6.00/oz. The numbers on paper seemed overwhelming. However, as every investor knows the increase by just 2.00/oz made this the deal of a life time.
The reason I chose to invest so heavily in SILVER was simple. I had already purchased plenty of gold at less than 400/oz. As a general rule when the economy goes to HELL the dollar goes down and GOLD goes up. I figured as long as I took physical posession of the silver I still had the chance to recover my losses if any, and I could still hold it for 20 years before it would even come close to eating on my interest.
Time has told the rest. I still beleive silver is an excellent buy.
Lets face it At 12-13.00/oz for a rare metal which has to be mined, refined and assayed, its simply CHEAP!!! How much will $13.00 US DOLLARS buy You TODAY?
The answer is simple: not much.
I imagine it depends on your amount of wealth and life style.
If your a multi millionaire $13.00 is hopefully 1/10th of what you leave the waitress after a nice meal out with family or friends.
If you make 200,000 a year or less $13.00 won't come close to buying that new lap top you have wanted for your Birthday.
If you make less than 60,000 a year $13.00 will buy you 2 gallons of gas and a combo meal at hardees.
My point here is simply to point out the fact - the less you earn the more silver you need to own.
The dollar will never gain in value but silver will be worth more and more dollers. COUNT ON IT!!! -----AUTHOR---GR.
posted by Gold Futures @ 12:37 AM
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