Silver Could Move Higher Ahead
Korbinian Koller | Mar 16, 2020 02:25AM ET
All engines stop. After a week like the last, it is important to exit the fright train. Bombarded by news that leaves you at best concerned but more likely rather frightened, it is key to change one's state. No good decisions are made from a low energy state. However, you are confronted with many more high priority choices to be made. The whole world lost nearly a quarter of its wealth and the blood bath does not seem to be over just yet. How can you avoid making to many mistakes? Above all, stay ahead, rather than being glued to various news sources? Not feeling overwhelmed? Not being forced to react like a lemming in an environment fostering so easily scarcity thinking? How can you be all that you can be for your family and friends instead? Moreover, Feeling Good in times like these?
Here is one thing that you can do.
h3 Silver Weekly Chart – Prices At Bottom Of Sideways Range:/h3Silver in US Dollar, weekly chart as of March 13th, 2020
Friday's session of Silver prices closed at US$14.75. Now it is speculative what the precise amount of the cost to mine an ounce of silver is, but it is fair to say this number is in the teens. So silver is trading somewhat near its value.
h3 What if:/h3- You take the money that you would have spent on a weekend getaway that you now are not taking and buy a bullion of physical silver. Take the equivalent for the gym membership that you just canceled and have a box of silver coins delivered to your front door.
- You give yourself a gift. A tangible one. One that has low risk to lose its equivalent of dollar value. One that is a true currency of barter should things become even uglier and one that might as well with a quite good probability work out to be a good investment over years to come.
- You, giving yourself the gift of feeling more secure, feeling good.
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Silver in US Dollar, monthly chart as of March 13th, 2020
Looking at the monthly chart it shows that there is certainly a good chance your investment paying of in the long run. Let's not forget we didn’t say to bet the farm. We merely said what you had planned to spend on yourself for fun on the next Las Vegas trip, spending money, might find a good place in your home instead. There were times in the past where you could after extreme crisis buy a house for a few hundred ounces of silver. Does it really matter for very small amounts like these invested if they quadrupled or quintupled or whatever multiplier? Is it really necessary to pinpoint the absolute lows. Maybe it is ok if not every market participation needs to be a maximized profit event. Sometimes it is also a good investment by investing in Feeling Good. In our opinion, this is a prerequisite to placing the big bucks at the right time with the right mindset.
h3 Feeling Good/h3You might have been deprived of going to your favorite gym or your freedom to travel anywhere you like. There might be fear to lose one's job or health. You find yourself in a situation that you certainly have not chosen. However, no one can take your freedom of how you feel. Feelings are your own interpretation of your reality and as such, you are in control of how you feel. We are not suggesting you have to buy silver, but we are suggesting that no circumstance should disable you to see opportunities and act upon them properly in times when it is tough to embrace and overcome obstacles.
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