THE RIGHT “METAL-ITY�
Being a precious metals investor has become increasingly nerve-wracking over the past months with prices falling to 3-year lows. Emotional investors have been shaken up, particularly those who simply watch price or lack a core understanding of the underlying forces that propel the market in the long-term. Any investment requires discipline and mental strength to maintain your sanity when you see the fluctuations that will test any bull market. The precious metals market is especially prone to price swings because of the high volume of activity from Exchange Traded Funds (ETFs). These factors will often cause the price of precious metals to overshoot when they go up and then go through a correction, much like what we saw recently.
The decisions you make must be outlined with a clear plan, guided by a strategy, and defined by an outcome. Without a plan, inexperienced investors react with fear, sell prematurely, and end up transferring their wealth to those who understand and stick to their defined strategy.
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A precious metals investor must consider the underlying factors – the “why” behind their decisions to invest in the first place. If these reasons are still valid, there is no need to panic and react to the ever-changing circumstances of sometimes irrational market forces. Think about these factors: Is the financial crisis really over? Have the G20 countries balanced their budget? Have economic tensions around the globe improved? Have central banks stopped printing currency? History tells us whenever you see these situations occur at the same time, markets gravitate towards gold and silver as the ultimate store of value.
While they may appear to temporarily subside, realize that it is just what banks and governments are doing behind the scenes to manipulate currencies. Unless the underlying problems that lie at the core of our monetary system are fixed, nothing really changes. Currency devaluation hasn’t changed, debt hasn’t changed.
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People need to understand how the fraudulent monetary system works. The Federal Reserve in US is actually a private bank controlled by private equity holders from Europe and US. By understanding the manipulation of the monetary system, you will understand that by converting your paper money into gold and silver, you are actually insuring yourself against these manipulations. Precious metals will continue to be a safe harbor in the stormy financial sea just as they have always been for over 5000 years across the globe.
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