This new video from Chris Duane provides some food for thought if you’ve bought precious metals at higher prices than todays. He responds to a readers email who said that “Buying silver might be the stupidest move I ever made“.
His average price of purchase was US$37.75 and he asks the question “How do I get my enthusiasm back? I am the laughing stock of work and family.”
We know someone (who may be reading this) who also bought silver at US$20 back in 2008 just before it dropped all the way to $8. At the time we told him to sit tight and he’d be right in the long run. He did see the price head all the way up to $49.50 and while it is back down to the low $20’s now, he nonetheless remains in positive territory.
Interestingly video creator Chris Duane shares a similar story about his own entry into the silver market in 2008. He recounts what he did to handle the price plunge. The video offers a great summary of the reasons for holding silver. It covers:
How fundamentals differ from today compared to 2008
Why you shouldn’t worry about what the masses and even family and friends think
And how to respond to them
Which countries you should be taking notice of
Why this email from this reader shows we are in the capitulation phase for gold and silver
Interesting comments from the Italian central banker chief on gold
A recap of various methods of valuing silver
How he expects silver would perform during and after a monetary collapse
Buying Silver Was The Stupidest Move I Ever Made!
And once you’ve watched that, there’s another short video from Chris entitled:
The CFTC Investigation PROVES Silver Bullet Silver Shield is Right!
Rating: 8.3/10 (3 votes cast)
Rating: +2 (from 2 votes)
Buying Silver Was The Stupidest Move I Ever Made!, 8.3 out of 10 based on 3 ratings
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