By: John Fisher
Is the price going to rise or fall? Should I wait and not risk it? What should I do?
Bottom line – continue to build your holdings. Whether the price moves up or down from here, and whether it does so sooner or later, one thing I am very sure about is that prices will trend higher, and eventually much higher.
My clients will attest to the fact that quite possibly the best sole piece of advice I have given them is to continue to buy and not be overly concerned with the price.
The most important thing at the top of this bull market will not be how much you paid per ounce at any one point in time. Rather, it will be how many ounces you acquired at any price. Gross ounces will become much more important than purchase price.
What is the best buy in silver right now? Stick with the most common, most liquid forms, namely 90% silver coin, as it has by far the lowest premium right now. At times, this pre-1965 coinage has carried the highest premium and is poised with the greatest potential. The other best premium forms at present are one ounce rounds and 100 oz. bars. Maximize the number of ounces you can purchase
In gold, I would strongly consider U.S. Commemorative Arts Medallions. They have a very low mintage and sell for 2% less than many other bullion coins. They look similar to a Krugerrand (which is also a medallion and not a coin).
All Things Considered – John’s Commentary:
The secret in this market is hidden in plain sight – the man or woman with the most ounces wins (or at least prospers). Accumulate in ounces.
Quote of the day: “There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence.”
– Charles de Gaulle, President of France (1890-1970)
