Should I Buy Silver

Should I Buy Silver? Should I Buy Gold?

I get these questions every day.

Many investors are asking themselves these days, should I buy silver, and should I buy gold. They follow up with questions like, “Should I buy silver bullion” and, “Is there a way to buy at gold and silver spot prices”? These days gold is simply out of price for many investors. Silver is often called ‘poor man’s gold’ because it is much more affordable. Also, the silver to gold ratio is key. As I am writing this, the silver to goal ratio is currently 46 to 1. That means it takes 46 ounces of silver to equal the price of one ounce of gold.

Plus, silver is used in countless industrial uses and the demand is increasing each and every year globally. Gold on the other hand is mainly used for jewelry. It’s estimated that about 90% of all the gold ever mined is still available today. Silver is used up and is rarely reclaimed. For these reasons, many experts believe silver is a far better investment than gold.

When buying precious metals the key is to buy what YOU decide to buy. Don’t just call up a gold and silver broker and ask them what you should buy. Don’t allow yourself to just be sold. Study, research, learn, and think before you buy.

As with any business, the gold & silver business has good companies and not so good companies. Some of them advertise with low, low, teaser prices and promotions to get people to call, come by or click. These tactics are similar to grocery stores advertising loss leaders.

They may advertise a carton of milk priced at or below their cost. The low priced milk’s job is to get you in the door. They know that once you get to their store, you will most likely buy a lot of other items that they make a nice profit margin on, and those profits will more than make up for the money they may have lost on the milk.

These companies could not survive if they only sold the promotional products, priced at the low, teaser prices they promote. So how do they make their profits and stay in business? By up-selling YOU, that’s how.

Often their highly trained and skilled sales people use every tactic in the book to get you to buy different items than what you called in for. Items that carry a much higher markup for the broker and for the sales rep.

Yep, you can call in wanting to buy one item, and end up spending way too much on a completely different item… simply because you allowed yourself to be “SOLD”.

These salespeople are talented. They are pros and they can often up sell even seasoned investors. I suggest you do your research and homework. Decide ahead of time what you want to buy…. and then go and buy only that.

Play your game. Don’t play the broker’s game. Be strong. Be resilient. Stay focused. It’s your money. Spend it as you determine you should.

Would you like to discover more “Insider Secrets” to buying gold and silver? I’ve written an enlightening book called: “Your Broker’s Worst Nightmare — 14 Industry Secrets To Buying Gold & Silver That Your Broker Is Praying You Never Discover”. If you get just one idea from this publication, you can save yourself thousands of dollars. To grab your copy or find out more, go to: http://preservationofwealthreviews.com/14-secrets/.

Source by Doyle Shuler

Should I Buy Silver