Skip to comments.Nick Santiago--If You Have Some Extra Money...Buy Silver--01-31-2012
Posted on 02/01/2012 5:46:16 PM PST by appeal2
Nick Santiago joins us today to discuss technical trading. His exceptional trading site, InTheMoneyStocks.com has been providing investment advice to help the average trader for the last five years. Santiago believes that at best, we're in a short-term pull back mode. But soon, in the next two months or so, the dow will probably top out. Then, we'll get a pretty sharp correction that could last a while. Ultimately, the central banks are going to deflate the banks again. If your looking at the Euro, it's on a one-way train to the downside. The Euro's going lower and that means the dollar's going higher. The dollar is holding up pretty well for now. But eventually, the dollar will get deflated again. The only way the market goes up is when the dollar goes down. Now is the time to buy precious metals. You are going to want to own gold and silver. Now is the best buying opportunity we've had since the stock market crashed in 2008. Gold and silver are the ultimate indicators of money creation. Nick particularly, recommends buying silver. Silver is an industrial metal as well as a precious metal, and it's cheaper than gold.
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Keep the nickels they are worth more than 5 cents.
Though if you're looking at a two month timeframe for the ravaging of the European market, there's investment vehicles out there that you can purchase that will help you ride that pony down with good rewards.
IF you do buy silver though, junk silver is the place to be. Non-defaced silver currency sells for a slight premium over spot, and great thing is, worse comes to worse, you're still holding things people recognize as money.
All good advice!