Buy the Bear!
These days you have to take what the market gives you when buying precious metals. When the bulls are off and running and the prices soar, people buy. This is usually fueled by a large dose of negative data from the US Dollar and equity markets, AND overzealous media! Even “small” things like military conflicts and geopolitical unrest seems to faze the metal’s complex anymore. On the flip side when prices fall back to lower levels, people watch. Wiser precious metals investors always wait for the lowest price, so they can add to their position at a discount. Of course the big question here is, “what exactly is the lowest price?”.
There are several different strategies for buying precious metals that you can physically store in your own private safe. Some people watch the charts and try to cost average their position, while others gradually accumulate much like a savings account. Some people prefer to hold their liquidity in hard assets like gold, silver and platinum bars, as an alternative to keeping their wealth in a bank, (or at least all of it!). One of the most popular programs today is the Precious Metals IRA. This is a program that allows you to convert your current traditional IRA into a select group of certified investment grade gold, silver and platinum bars and coins.
Where are we going with this?, BUY THE BEAR! If you are remotely thinking about adding to your position, or thinking about that first purchase, you have a unique opportunity before you. Now is the time to get your gold bars, platinum bars, American Silver Eagle coins, at a discount! If you have precious dollars sitting in an IRA at the top, we recommend you rollover a portion of those dollars into a Precious Metals IRA. If you are over invested in stocks, or have unnecessarily high cash position, now is the time to look at the safest form of wealth mankind has ever known. This is NOT a time to sit back and watch, but rather a time to take control.
Have you seen those platinum prices lately? This is not happening right? The bearish psychology that has pulled the price to nearly $800 oz, is clearly one of the great stories in precious metals circles, and opportunities. Most people are under the impression the high road is gold and silver bullion only. This is simply not the case. Platinum is so rare in fact all of the platinum ever mined in history would fit in your living room. Platinum is more abundant on the moon than it is here on earth. Platinum is a tremendous value at this level…We believe platinum bullion is flying WAY under the radar, and should garner more attention and excitement. Whether you keep it in a bank (SDB), private safe or Precious Metals IRA, we highly advise you learn more about this precious noble metal today.
Do not hesitate to call us at 888-928-3390, or visit our online platinum showroom.
Founder & President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals, or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication.