This is just a short comment with powerful ramifications.
My Advice for Gold and Silver Investors
My advice for gold and silver investors is to just buy the metals if you haven’t and dollar cost average in if you are trying to catch a falling knife. Then go away from the metals for a few years and come back to peek at prices and prepare to smile.
Where Will Gold and Silver Bottom?
No one will predict the exact bottom but I do think we will fall below $1,000 an ounce. I know it’s tough for people to hear this, but my indicators have been quite reliable.
That said, this was a busy last couple days with the fall in prices and one of my suppliers is out of Canadian Maple Leaf silver coins and delaying till December 4th the delivery of silver rounds. My other suppliers do not have supply issues.
Is this a concern for investors? Maybe. Would you rather have real wealth in your hands or a paper Exchange Traded Fund (ETF) that tells you that some silver has been set aside for you? That’s a serious question you have to answer for yourself. I would think owning some real wealth in your possession is the best insurance policy one can have moving forward. While supplies last.
I will be writing another article this week on buying silver in your IRA.
Follow My Current Thoughts Written 5 Days a Week
For those that don’t know, I write about the gold and silver markets 5 days a week now under the section “Current Thoughts on Gold and Silver” via the home page of www.buygoldandsilversafely.com
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Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
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