The Mission Of The Silver News Surfer Has Always Been & Will Always Be – To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!
May Health Wealth And Success Be Yours!
On to the business of protecting your wealth…
There are a few mistakes that investors are making that will have a significant impact on whether they make “money” or loose money.
In a previous article posted here, I showed virtually all the investment vehicles one can choose from and as you well know, the choice is and has always been yours.
Today, I would like to talk about some of the mistakes and more importantly, if made, how they can be corrected or avoided.
Following the herd:
People tend to jump into an investment when it’s all over the headlines. The proof is in 2011 during the parabolic rise. People I’ve talked to when silver was around $30 didn’t want any part of it. But when silver rose to the mid $40’s and was all over CNBC I couldn’t keep up with the phone calls for orders. Don’t get caught up in that nonsense. Just trade in your over-supplied currency for under-supplied real money.
Unable to make a change:
Some folks just can’t change their strategy. Don’t know why, just can’t. Here is the question I always ask… Does it matter to you where your money is working for you as long as you know it’s safe (5,000 years of history shows it’s safe) and providing you a return you are happy with? (2001 silver was $4. & gold $250. Went as high as $48 & $1,900 in ’11 only to come down to $18 & $1,200 in ’13)
Trying to time the market:
Worst mistake! If you view silver and gold for what it is, then you never have to “time” the market. Silver and gold is and always has been money. So if it’s money, it’s not an investment right? All you are doing is taking your “monopoly or printed” currency and exchanging it for real money. I personally have bought silver down at $6 in ’03, bought more at $21 in ’07 bought more at $52 (with spread) in ’11 and certainly bought more at $19 in ’13.
I don’t time the market, I dollar cost average the market. When silver price is low, that means the dollar is higher which means I can take a stronger dollar and buy more of a good thing cheaper. As long as the economic landscape hasn’t changed, I will continue to be a buyer at all levels – My future depends on it.
It should be clear by now the importance of acquiring physical assets as part of your over-all investment strategy – However, what I find is that people still have inertia about moving forward, even when they know it’s the best thing for them.
I tend to think it’s fear that holds people back. Fear of making the wrong decision at the wrong time. To clarify and ease your fear, I wanted to visit the pros & cons of investing in silver and gold at these levels. Today I will discuss the Cons. (If you have anymore to add, I’d appreciate an email.) These are the only two that I generally hear…
Volatility. Silver and Gold are very volatile. One of the reasons is because of manipulation. When banksters want it to go one way that benefits them, they have the money to make it move in one direction or another. This should not be feared it should be welcomed.
I’ve always felt that if precious metals were so manipulated that the banksters would do what ever it takes to scare the heck out of you, then it must be good for us. When have they ever done anything that was good for us and bad for them.
Not sure if this is the bottom. Could go down more:
Please revert back to “Timing the markets” But as a friendly reminder, ask yourself this – What is my upside potential vs my downside risks? To help you with this… If $16 silver is in the cards, which I don’t think it is – But lets imagine I bought today and it went to $16. that’s a $3-$4 down side and the upside potential is about $28-$32 which is about a $10 upside short term. These are odds I can live with!
Lack of understanding of what problems silver and gold solve:
What’s all this noise about silver and gold? I’ve been investing in stocks for years and have been just fine without silver and gold.
This lack of knowledge is something that only you can change. The importance of your understanding determines your financial future and your family is relying on you to protect them.
As I’ve stated before, this is not yester-year. Changing times calls for changing investment strategies and if you are willing to play the “wait and see” game, you are on the losing side of the trade already.
If you don’t fully understand the need to acquire, then seek council of the people who do know and for pete’s sake – Take a good recommendation when you hear one.
Allow me to assist you in understanding these ever changing and challenging financial markets and more importantly, how you can profit on the upside potential and protect yourself from the downside risks….
Now, onto the breaking news that matters…
Incredibly Important Developments In Gold & Silver Markets Watching what is going on there lately with the gold market, we’ve seen a very steady drawdown in the net-short position of the big commercials (the bullion banks). This week was rather fascinating because we are to a situation now where we are only about 5,000 contracts away from the commercial category being net-long this gold market. “Going back to 2006, when this data was first released on a disaggregated basis, this is the smallest net-short position that these guys (commercials) have ever had.
I cannot recall a time when they had this small of a net-short position. So there has been a huge change going on within the internal composition of the futures market there in New York when it comes to these commercials. They are moving more and more away from the short side of the market, and more toward the long side.
Silver Rebound is Inevitable – A majority of people probably find it easier to refer to the U.S. dollar as “money” than to view gold and silver as such. This is an unfortunate misconception. And it’s just the way the Fed wants it.
The Fed maintains power and control by making people feel richer with a false sense of optimism by injecting more paper money into the economy. But, as we’re increasingly aware of, that does no good when inflation skyrockets as drastically as it has in the aftermath of their four failed rounds of quantitative easing stimulus…
Fiat money might be properly classified as a primary form of “currency,” but I think it’s safe to say that its true value is uncomfortably questionable, and wildly volatile at best. When it comes to forms of money, gold and silver are the ultimate source because they function as a currency and a store of value — and most importantly, the Fed can’t just create more out of thin air at a whim.
Silver: #1 Form of “Safe Money” in 2014 – The inevitable rise of silver is dictated by a powerful myriad of factors. If you’re interested in preserving your hard-earned wealth, wouldn’t you feel more comfortable doing so by holding a real physical asset? Especially at a time when our economy is governed by a corrupt Federal Reserve and greedy “officials” whose tentacles extend everywhere —
From the politicians in Washington… to unethical corporate CEOs scattered coast to coast… to the sticky-fingered bankers on Wall Street… Fallible paper assets or hard physical assets: The choice is yours. – I’d rather not jump on that bandwagon too late. I want to get in on this action before Main Street catches on — while prices are still cheap…
Money: The Cold Hard Facts – An Infographic
A (Photovoltaic) Silver Bull in China – Early this month, big news came out of China. It may have gone unnoticed by some investors—and there’s really no reason why it would have been covered extensively by mainstream media—but it’s important if you’re a silver investor. China raised its target for solar generating capacity to more than 35 gigawatts (GW) by 2015, a stunning increase of 67% above the previous target.
China’s State Council announced on July 4 that installed capacity for solar electricity would grow about 10 GW per year until it reaches the newly set target. The country’s previous target was 21 GW; installed capacity in 2012 was about 7 GW, so this would translate into a 400% increase. Moreover, if one looks at the rate at which it keeps raising the target, we may well see even more solar capacity by 2015—and quite possibly two times that by 2020.
Why does this mean to us as precious metal investors? A simple answer would be that growing demand could crimp supply and push on prices. But let’s take a deeper look to see if that’s the case in this easy to understand essay…