The silver price has lost 5% so far this year and sits at a 14 month low. The five year graph looks even worse. Silver is cheap right now.
If you are the sort of person who likes to buy low and sell high, just as I do, you’ll see this as a tremendous opportunity to invest in silver. In my latest DVD, just released, I not only show you why you should be thinking about buying silver but I also show you, step by step, how I buy my silver at a whopping 20% discount.
The silver price is held down by sentiment
When sentiment falls this low, it will feed on itself for quite some time. That’s exactly what we’re seeing right now with silver. I’m using this period of low sentiment to stock up on silver coins of the realm which do not attract capital gains and hope to be “all in” before the market turns. My best guess for that is at the end of 2014 but I am not prepared to hang around because it could turn any day.
Since I’m buying at a 20% discount the price would have to fall another 20% before I even start to lose any money. If you want to buy silver cheap then this is the way to do it and lock your gains in on delivery.
Frankly, I believe silver mines will start to close up and shut shop before that happens.
Why I’m buying silver now; buy silver cheap
This is the ultimate ‘investment’ for someone like me. I like to buy silver cheap whenever I can.
I like an investment with a very low downside but with a massive potential upside.
Some people will wait for the market to turn before investing but experience has taught me to buy monthly when prices are this low in order to “cost average’ my purchase price. I plan to be “all in” within the next three months and my target is to double my money as a bare minimum. Loved ones can expect bright shiny one ounce uncirculated coins from me for Christmas p[resents this year – it will be the only present they get that could double (or even treble) in value in a very short period of time.
When silver doubles in price I don’t expect it to stop there.