In my opinion, I don’t think it matters at all, as long as it’s down, now it’s time to buy!
You have to go back to January 2011 before you see an ongoing silver and gold lows we’re seeing now. Have you ever wished that you should have bought silver or gold a year or more ago when it was cheaper? Well now is your chance to do just that.
Obviously there’s been a few days in the past couple years to buy low, but those were short opportunities compared to the opportunity to buy low now. You just can’t plan a purchase based on a single day’s drop in precious metal spot.
However, this low is ongoing, for now, and planning to purchase silver and gold in this current market trend is a good idea. Also, analyst are predicting unprecedented rises in all precious metals over the long-term. Of course this has a lot to do with the value of the USD and the economy in general, but it’s doubtful precious metals will sustain such a low into the future.
As a matter of fact, if you look at historical gold and silver charts, you will realize that these precious metals have been performing well as an investment. This historical trend is not going to change and staying in for long-term is the most recommended course of action.
I hear people who are concerned about how much these precious metals have dropped, concerned if they will drop more, or concerned if they will ever reach new heights in the future. Such worry is understandable but should not be the basis for holding back on purchases, and is most certainly not a reason to sell your holdings now.
All proverbial arrows are pointing to subsequent, albeit slow star-step increases with some upward and downward spikes, for precious metals. So, ten years into the future, you don’t want to find yourself looking back and wishing you had bought when they were much lower.
If you go back ten years ago some people hesitated to buy since they thought it was too high then, and were to apprehensive about the predictions of it rising dramatically. It seems most people think it’s too high in their present, but when it rises, regret not buying when it was low.
The most recent highs left silver and gold at higher levels than they have ever seen since the early 80′s, but it has also left us with a much more realistic value for precious metals, and a much safer buying environment.
This wasn’t the same spike and crash of the early 1980′s but a much-needed adjustment of their market value. So don’t think silver and gold is too high now, or might drop too much, or might not increase in value much. It will happen, so don’t think short-term, and look down the road a little further.(Disclaimer: CoinHELP! or coinauctionhelp.com is not responsable for any monetary or otherwise loss due to the content of this article. CoinHELP! is not a professional investment entity and all advice is opinions and not to be used as a tool for investing.)