Silver 101: Don’t Panic!

January 4th, 2013 by

silver_101_coins

Al Doyle gives good advice at CoinWeek to silver collectors in his recent article: “Silver 101: Don’t Panic!” Doyle reminds people that precious metals is a buy and hold game, and to not sweat the dips. In fact, you should buy into the dips. From the article:

“So what if silver drops $1 or $2 after you bought a few ounces? The dip isn’t going to make you homeless. While today’s price might be lower than it was a week ago when you took the plunge, you still own a chunk of a valuable and historically proven commodity. Don’t let your life be ruled by every dip and uptick in silver. Panic leads to a lack of logical thinking.”

300x75-silver

by David Peterson