Hello folks,
Haven't heard? The precious metals moved lower during today's trading.
For the new investors: For those who are thinking about selling off today, wait!. Never sell on a down day!
Today would not be a good day to un-load some or all of your position.
However, if there are extra dollars sitting around collecting dust, (because it's not collecting interest) I would urge you to buy this current dip. Buy physical bullion.
Whenever I see a drop in the spot price, I buy. Dollar cost average & WIN !!
As Doug Casey always says: "Consume less than you produce & save the difference". That has got to be one of the simplest ways to becoming financially "wealthy" over time.
What you actually 'save' in is the big question these days. Is it not the dollar anymore? In the past, when you hear someone talking about savings, we usually always think dollar(s), right?. These days, with inflation biting at our coat tails and interest rates at historic lows, we must look to other forms of 'money'. Money that holds it's purchasing power over time.
Naturally, Gold & Silver come to mind. With thousands of years of history as a guide, the precious metals are looked at (by the smart and rich guys/gals) as the safe haven asset(s). Why?
We will answer that question tomorrow.
Hope everyone has a great evening!
-sanpedrosilver
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