If you have been waiting to buy more silver or wondering when to start, now is the time. You need to buy some now! I have never told people when to buy in the past, but I am now. Buy some silver. Don’t go all in, but buy some.
Don’t try to pick a bottom. Silver is at a 4-year bottom. See the chart below::
Silver is truly on sale. Spot silver is hovering around $19 from a high of almost $50. You would have to go back to 2010 to find silver prices significantly lower than where they are today.
Bullion wholesalers report very slow sales in silver. 90% “junk” silver currently carries the lowest premium over the spot price in years. One ounce generic silver rounds in quantity are only $0.99 over spot and 100 oz. bars are even less. There is little interest in silver.
Why? There are a myriad of reasons found all over the news and the internet. Why doesn’t really matter. Tomorrow there will be another ‘event du jour’….. and every day after that.
The bottom line is to always buy what has fallen out of favor. The stock market is at all time highs, real estate is continuing to accelerate in both sales and price, and gold and silver are on the back burner. Precious metals are an opportune buy right now – please don’t wait until prices start to accelerate again.
All Things Considered – John’s Commentary:
You may have bought at much higher prices. I did too. But that’s water under the dam. We are faced with a great opportunity! The twin emotions of greed and fear will keep many silver enthusiasts frozen. Greed that prices may go lower. As well as fear that they might go lower.
DON’T procrastinate! DON’T try to squeeze out another nickel. DON’T get greedy. I am personally buying aggressively. I am not going to let this opportunity pass and look back in a few years and say “I should have…”
