The Price of Gold Is Up! Horrors! The Price of Gold Is Down? Horrors, Take 2!

Ever notice that no matter WHAT gold is doing, it bodes ominously for the economy and the fate of mankind?

Watch the news; no matter which way metals are moving it is a terrible thing.

My opinion?  …and let me be clear, it is an opinion.

First, quit listening to the television.

Most of the financial experts are on the air because of their ‘gravitas’ ( a solid gag me until I die word if ever there were one) and not because of their ability to call accurately.

Second, keep buying, up or down. Call it dollar cost averaging like in the old days.

If the price is going up, it means what you have already purchased is worth more.

If it goes down, use it as a reason to buy MORE.

People run around bemoaning the fact that the price is so low, that the price of gold is being suppressed by manipulators at J.P. Morgan and like organizations.

So?

If that is true I say we celebrate and act like the capitalists we claim to be and pick up a stack.

I say you should quit worrying about the price of gold and silver and start worrying about coming into possession of a certain number of ounces, in your PERSONAL possession.

Here are my reasons why:

1. Focusing on grains, grams or ounces takes your mind off the theoretical price and onto something you can see taking shape right in front of you. Can you imagine being in possession of a green box of gold or silver? I can.

2. Physical ownership makes things safer and more secure for you should something really bad happen in the world. Shares in some vault makes me skittish. I am not saying you should not do this as I don’t know your situation. I AM saying at least some significant double digit percentage of your metals should be close enough to lay your hands on them anyways.

Best Regards,

Tim

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2 thoughts on “The Price of Gold Is Up! Horrors! The Price of Gold Is Down? Horrors, Take 2!”

  1. Howdy! This blog post could not be written any better! Reading through this article reminds me of
    my previous roommate! He constantly kept preaching about this.
    I am going to send this article to him. Fairly certain he will have a very good read.
    Thank you for sharing!

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