The gold and silver market are in a state of consolidation based on fear of the US elections and deflationary forces in our opinion. The long term outlook for Gold & Silver has not changed and will preserve your wealth. My experience and success in wealth generation around precious metals has been to buy when everyone else is selling and scale out when everyone else is buying. It always fascinates me that people stop buying Precious metals when the price is consolidating or falling when that is the exact time to be accumulating slowly and continuously so if the price keeps falling every purchase is at a lower cost average which has served me very well over time.
ASK YOURSELF THIS ??
If you looking to buy a car or a dress do you wait for the price to go up before you jump in or do you wait for a sale or the price to fall ? Interesting how people treat investing differently but understandable as fear and greed are the most powerful forces in any market.
Posted: Tuesday 3 November 2020