Precious Metals Hammered, Illusions Shattered - Jeff Nielson
Today sucks for those who just bought a lot, but for those who can only get a little here and a little there...the price drop is still welcome news.
Have YOU gotten any silver yet for yourself? No? Remember this: It's not for next weekend that you want to get it, but for 5 years down the road...or 10...because by then, the crash should have come and gone, and silver should have increased SUBSTANTIALLY!
Four important words: buy low, sell high.
Most people buy high, because their friends or family or brokers tell them "You don't wanna miss out on the big run! These markets are at all-time highs! There's no telling how high they're going to go!" But nobody ever asks themselves...why is it so easy to buy those things "at all-time highs" if everybody wants them? The wealthy are selling off THEIRS at a profit, because THEY bought when it was low...and the wilfully ignorant masses are buying high, because they listened to people who make money no matter whether YOU do or not.
https://www.sprottmoney.com/blog/precious-metals-hammered-illusions-shattered-jeff-nielson.html
It's sad, how few people care, today. Maybe next year, or a few years from now, after the damage is done? Oh, well...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit