You bought Silver with high expectations! Then it crashed while endless news reports informed you that Silver would drop even further. Frustration! Misery! Despair! Depression! You have lived it all. There was no light at the end of the tunnel.
But, then from the depths of despair and ugly bearish sentiment, a rally materialized. But, not just a small rally, a HUGE RALLY – TOTALLY AWESOME! The price doubled in a few months. Then it paused, scared some of us out, and rallied even further. You heard that silver was going to $100 or maybe $200 per ounce. Analysts outdid each other with higher and higher projections. You congratulated yourself on your foresight and financial acuity by investing in silver – sheer genius – forgetting that you almost sold out for a loss at the bottom. The manic phase is great while it lasts…
Silver rallied, and you waited for even higher prices before you sold. If you were rational or just lucky, you sold out before it crashed 25% in a week. If you did not sell out, you screamed to anyone who would listen, “they crashed it,” and “I should have sold out before the crash,” and “it’s not fair.”
Silver investing felt like a bipolar roller coaster ride – manic up followed by depressing down. You began to self-medicate with alcohol and wishful thinking. You sought out others who agreed with you, told you what you wanted to hear, and…
… it goes on and on.
I repeat. STOP with the bipolar behavior, the delusional thinking, the self-medicating, and the emotionally debilitating ups and downs. It is not good for your physical, emotional, or financial health. Just stop, hit the silver reset button, and reassess.
For your emotional and financial sanity and physical health, get off the bipolar silver roller coaster, buy physical silver, relax, and watch the spectacle as the central banks of the world drive the value of paper currency toward zero and the value of silver to $100 or $200 or $300 per ounce. You own it for insurance and to preserve purchasing power, so there is no need to fixate on the daily or weekly price, except to buy more at bargain prices – like now.
Courtesy: GE Christenson
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