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Thursday, June 27, 2013

Silver At Less Than 19 Dollars An Ounce? Are You Kidding Me???

http://theeconomiccollapseblog.com/archives/silver-at-less-than-19-dollars-an-ounce-are-you-kidding-me

Right now, a lot of people that bought silver when it was 25 dollars an ounce or 30 dollars an ounce are probably feeling discouraged.
Don't be.  You will be just fine.  When the price of an ounce of silver hits 100 dollars an ounce you will be very thankful for the silver that you stored away at those prices.
We are moving into a time when we will see more volatility in precious metals prices than we have ever seen before.  That means there will be some tremendous opportunities to make money.  But in order to make money, you have to buy low and sell high.
The current decline in the price of paper silver does not have anything to do with the demand for actual physical silver.  In fact, demand for physical silver is higher than it ever has been before.
For example, sales of silver coins by the U.S. Mint have set a brand new all-time record high during the first half of 2013.
Last year, the U.S. Mint sold 33 million ounces of silver for the entire year.
This year, the U.S. Mint is on pace to sell 50 million ounces of silver for the entire year.
So don't be alarmed that the price of silver is falling.
Instead, be very, very thankful.

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