 Well, 'watch the money' as the old saying goes, and
who can blame you for shorting structural commodities, and
use sophisticated analysis to put a cup under that fire-hose
spigot of QE?????
I like seeing this kind of problem scratched back, and it is
illuminating to understand the reasons why rational people
must buy into the irrationality in order to make a profit.
Kripes, Grand Delusions do create wealth for those with the
intellectual, and economic resources to Day-Trade.
I do not suggest that any new metal investor buy into
constructive commodities right now, I have no crystal ball.
But as far as the product is concerned, as you see those metal
prices fall, all I can say is try to squeak out a few bucks a month,
and buy the Gold and silver at bullion prices as close to spot as
your shopping time allows.
Big institutional buyers may sluff off more metal, and that is
where the little guys feed off the big dead whales.
Look, West is an honest provocateur, and I appreciate
his candor.
But if you are new to investing, and you do not understand the
constructive commodities markets, stay away, you will
be whip-sawed into oblivion.
Look, metal prices are falling, but for silver, it is kissing $19,
how low can it go from here?
Soak up some metal, commit to investing about $50-100
a session on a Dollar-Cost-Average purchase, and start buying metal.
Silver is as cheap as it has been in four years, and may fall dramatically
to 2008 prices (around $9-10 bucks) if US and Euro QE plans really fail dramatically.
Guys, remember the old saying, "Buy Low, Sell High?"
Well the prices are low, and headed south at the time of this missive.
Start buying now, and allocate a monthly weekly expenditure,
that way you buy less on rises, and more on dips.
Don't buy numismatic coins, buy bullion close to spot premiums.
Now is the time for the small metal investor to accumulate at
low prices.
DCA, all the way!
 Commented 3795 days ago |
