As this website will prove, I am very bullish on silver and gold over the long term. I always post articles about the upside potential, why to invest, ways to invest, etc. Based on all of this, one would expect that I would want gold and silver prices to continue to go up. Over the long term, that’s exactly what I want. But my short term desires are a little different.
In the short term, I am constantly hoping the silver and gold prices go lower. Why? Because it is basically like your favorite item going on sale! When gold and silver is on sale I get more ounces per dollar and can build my holdings quicker. I have the mindset of building wealth in terms of ounces instead of dollars.
I don’t get scared when the price of silver and gold fall….I get ready to go shopping! I buy silver and gold on a weekly basis regardless of the price, but when it goes on sale I make larger purchases in addition to my weekly purchases.
So it boils down to this: I want the price of gold and silver to be as low as possible for as long as possible so that I have the opportunity to build my ounces up because I know the fundamentals are extremely strong for intermediate to long term growth in the metals sector. Don’t be scared when the price goes down….stock up at discounted prices!
Note: Right now I wait for about a $100 sale on gold and about a $3 sale on silver before I make my bigger purchases. However, I am consistently buying both gold and silver on a weekly basis through Silver Saver.