The Best Opportunity for Silver all Year
It’s easy to be cynical about the state of the dollar – after all, it seems as if every bit of news is either terrible for the dollar, or clearly a whitewash attempt from some Pollyanna official or talking head.
When all the real news is bad and all the rest of it is BS, it’s tough to keep a positive outlook.
It’s easy to get angry, frustrated and irritable about the state of this country and its currency – especially as friends, family and acquaintances just don’t “get” what’s going on.
Most people still have no conception of what money really is: a medium of exchange and a store of value. They can’t see that the Federal Reserve Note is an especially poor money unit.
But that’s okay. Even if people in this country have to be pulled, kicking and screaming into gold and silver ownership – they will do so.
Be content with your precious metals ownership and investments. Continue averaging into gold and silver – especially on dips.
The dollar will rise and fall over short time frames, especially as the Euro continues its death throes, but you have to keep your spirits up about this situation.
If you own gold and silver today, and you have exposure to companies with upsides to higher priced gold and silver, you will be one of the people prospering from the continued slide of the dollar.
Speaking of dips, right now is a truly great time to add to or build a position in silver companies.
The mania of a few weeks ago is all but forgotten, and silver is once again well out of the headlines.
Sometime in the next few months, silver will crush it again, and jump several percentage points a day for a couple weeks on end – and it will make headlines. You’ll see ads in your inbox from my company and others, trying to get you to buy silver and silver stocks.
And it will likely be a pretty terrible time to build a position in silver.
But right now, the silver markets are quiet. Volume is near multi-month lows for the iShares Silver Trust (NYSE: SLV), the world’s largest silver ETF:
I know you probably don’t have any bandwidth for thinking about silver right now – what with President Obama’s trip to Europe dominating headlines and the CFTC announcing charges against oil speculators, etc.
But I owe it to you as your editor to emphasize the opportunity in silver companies right now.
If you’re interested, you should take a look at a write-up on silver companies my boss Ian Wyatt has put together.
Ian has over a dozen years experience as an analyst, and though he considers himself a value investor, his largest current holding is actually a small-cap silver company.
You can read all about this company and two other silver companies by clicking this link now.
You’ll also find out how to claim a one ounce silver coin that we’re giving away for free.
It might be easy to be cynical about the state of the dollar – but you should be turning that cynicism into confidence about your ongoing choice to deleverage yourself from the dollar – by buying precious metals and the companies that mine them.
Good investing,
Kevin McElroy
Editor
Resource Prospector
