Sunday, September 20, 2015

Got Gold? Better Sell Now Before Prices Plunge Too Far!


GOLD AND SILVER PRICES ARE GOING IN ONE DIRECTION..., DOWN, DOWN, DOWN. I JUST UNLOADED SOME SCRAP STERLING AND A PIECE OF 10 CARAT JEWELRY AND PICKED UP SOME QUICK CASH. WHY I DID NOT DO THIS WHEN PRECIOUS METALS PEAKED A WHILE BACK I DUNNO, BUT I WAS HAPPY TO GET WHAT I GOT BECAUSE SPOT ON GOLD WAS $1138 AND SILVER WAS $15.88. THE TRADER I TOOK IT TO IS AWASH IN GOLD HE TOLD ME AND HE HAD TO HOLD MY PIECES 7 DAYS BEFORE HE COULD RESELL. I TOLD HIM DON'T WORRY, THE PRICES WON'T SHIFT - THAT MUCH - IN A WEEK, HE SAID, "OH, YEAH? WELL YOU HAVEN'T BEEN IN THIS BUSINESS AS LONG AS I HAVE!". SO, I GUESS HE'S RIGHT. I TOOK IT TO MEAN THAT PRICES WILL BE HEADING DOWN LONG TERM AND THE BULL RUN ON GOLD AND SILVER IS OVER. I AM NOT A PSYCHIC BUT I CAN SEE GOLD FALLING UNDER $700 AN OUNCE AND SILVER FALLING TO UNDER $10 AN OUNCE. I ALWAYS WANTED TO OWN A 1 OUNCE GOLD BUFFALO PUT OUT BY THE US MINT BUT AT OVER $1,100 AN OUNCE, PLUS THE PREMIUM FOR THE COIN, IT IS OUT OF REACH FOR ME. BUT, HELL, IF GOLD DROPS TO UNDER $700 AN OUNCE, I'LL BUY ONE FOR SURE.

IF YOU HAVE GOLD AND SILVER, MY ADVICE IS SELL IT NOW, WHILE PRICES ARE STILL HIGH. IF YOU WAIT TOO LONG, YOU'LL BE LOOKING AT YOUR GOLD AND SILVER WISHING YOU HAD SOLD IT WHEN THE MARKET WAS HIGH. PRECIOUS METALS ARE TRENDING DOWN, SO SELL NOW AND BUY AGAIN WHEN PRICES BOTTOM OUT. AFTER ALL YOU CAN'T BUY FOOD WITH GOLD AND SILVER..., YET.


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