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Cheaper silver is good for me.
“… gold dropped an astonishing $84 per ounce to close at $1,478, down over 5% on the day and below $1,500 per ounce for the first time since July 5, 2011. Silver had an even worse day with a price decline of 6.5%, closing down $1.81 per ounce at $25.95.”
Source: Panic selling in gold and silver.
How low would prices go? What would I do?
For now, hold my horses and wait for the dust to settle.
If we believe in the long term story behind silver, we should look out for a chance to buy more. If the panic selling should continue, we could buy more on the cheap and cheaper still.
Being able to buy more of something I believe in at lower prices does not cause me distress. Why should it?
Related post:
Silver: Some views.
2013-04-12 23:46:08
Source: http://investgoldsilver.blogspot.com/2013/04/cheaper-silver-is-good-for-me.html
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