Times Change in Silver and Stocks

Have you ever come under attack because you stated an opinion? I did, and the ones perpetuating the attacks even went so far as to contact sites that published my opinions and asked them to remove the posts. These were articles and blogs I’d written advising it was time to sell your silver. At that time, the price was around $16, and I also stated that you’d be able to buy silver back at $6-$8. You see, these bastions of knowledge demanding the removal of my posts were the ones pushing silver to investors with claims of it reaching $50. Pushing the silver they had purchased around $3. I hope you wrap your mind around that.

In my opinion, this is the most dishonest practice I can think of. If they’d taken their own advice, they would all be broke. Instead, they’re licking their chops over the large sums of money they just made selling you their $3 inventory at inflated prices, and now they’re waiting to buy that same inventory back from you when the price tanks and people sell off at $5. Then, they will tell you it’s the time to buy again, as they artificially run the price up and later, dump it on you again. And the wheels on the bus go ‘round and ‘round.

I do think the time to buy silver may be approaching, but even if you do begin to buy, don’t fill your bank all at one time or at one price. If the price of silver drops to $6, buy a little, and if it drops, add a little more. This way your average cost will always set you in good stead when the market rallies again. And, it will. Remember, there is always a time to buy and a time to sell. But don’t be lead by unscrupulous people looking to take advantage of you.

By the time someone comes on TV or on the radio telling you to buy gold or silver right now, change to another station. As the price of these metals decline, these ads will disappear from the airways, because they can no longer take advantage of you by creating fear.

If you’re not a member of 31 Club, and you’re wondering what this has to do with making money trading in antiques, collectibles, and fine art, all I can tell you is that members of the 31 Club know that we’re more than just an antique, collectible & fine business club. We’re a family. As a family, family members are encouraged to come to us about anything that’s happening in their life, from personal struggles, to financial matters, or even if they need prayer for something going on in their life. As a side note to this, I am advising members to start taking positions in the stock market now. Don’t buy too much, but do begin to reinvest, if you liquidated your stock during this drop in the market. We might not be at the very bottom, but no one can pick that, so start slow and continue to add to your portfolio over the next few months.

I am waiting to hear from those who gave out the wrong information about the direction of silver values. Call me whatever names you like. I won’t stop opining.

Treasure Hunters:

You Find It.
We Buy & Sell It.
You Net 35%.

Partner Up with 31 Club on High Quality Treasures You Find. We Do the Rest!!

Sellers:

Sell Your High Quality Items for LOW FEES
at 31 Gallery & Marketplace.
Keep More of Your Money.

Buyers:

Buy High Quality Items for FAIR PRICES
at 31 Gallery & Marketplace.

Our Members are Newbies to Seasoned Professionals
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Join Today!

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Caution is Needed When Purchasing Higher End Items.

Classic 1968 Cadillac DeVille Convertible is available through 31 Gallery & Mareketplace.

One goal we have at the 31 Club is to help our members move up to buying and selling in the higher end of the market, where the real profit is. This shouldn’t be done without caution. When you’re first starting out in this business and purchasing in the lower end of the market, you might come across items that are beyond your budget or knowledge. Using the Associates Program for these types of purchases will keep you from having to make buying decisions on higher priced items, yet still enable you to benefit monetarily.

This is important because, the more expensive and desirable an items is, the greater the chance of there being fakes on the market. Large amounts of money can be made in a very short period of time when the sale of a fake is completed. So, it’s important to know how to protect yourself when you’re buying in the higher end of the market.
Buying from the Internet requires extra precautions be taken, not just against fakes, but against those who would take your money and not deliver the goods.

The story of a man who bought a vintage Jaguar from the Internet illustrates some of the dangers you might face. You see, after calling the Jaguar seller at the number provided and feeling secure, he sent a cashiers check for the total amount. The seller informed the buyer that all the paperwork and owner’s manuals would arrive to him the next day. They never arrived, so the buyer called the seller and was assured they were on the way. Finally, after about 10 days, a box arrived, but it was filled with a pile of newspapers but no manuals. When the buyer called the seller, he discovered that the phone number had been disconnected. By this time, his cashier’s check had already been cashed.(surprise, surprise)

So what could the buyer have done?

He might have called a local Jaguar dealer close to where the seller lives and asked if they would take delivery of the car he he paid them a few hundred dollars. They probably would’ve done that. Then, you could have sent the check to the dealer to hold until the car arrived, and the dealer could register it in your name. Or, another way to complete the deal would be to fly out there to pick the car up yourself, bringing the check with you. This way, nothing is paid for until you see the item yourself and are satisfied. If the item you’re buying is over $500, taking extra precaution may well be worth the extra time and money.

I’ve had experience in this area myself. I had the chance to purchase two paintings in Florida that were supposedly painted by a well known artist. I decided to call a friend of mine who was in the auction business in that town and ask him if I could have the two paintings dropped off at his place of business and send the check for $50,000 to him. He agreed.

When the paintings arrived, he quickly photographed them and e-mailed me the photos. I sent these photos on to the authority on this artist. Almost immediately, the authority on this artist responded to me saying, “We saw these two paintings about two years ago. They were fakes then, and they are still fakes today.”

I called my friend and asked him to send me back my check and have the seller pick up his paintings. What do you think would have happened if the check had been sent to the seller? If you’re buying high priced items, I sure any local auction house would agree to accept your items if you paid them something for their time and effort.

What are some of the other things you can do to protect yourself from scams and fraud?

You might ask the seller if you could have the piece picked up. If he says, “yes,” then that has improved the chances that you are dealing with an honest person. Second, if you’ve been in the business long enough and have business references, you might be able to persuade the seller to send you the item(s) and if they are as he described, you will over-night him a check. Or, you could ask for the name, address and phone of the seller’s bank. This way you could check out the person you’re dealing with.

I did this very thing when I wanted to buy a very nice piece of Lotton Glass that was listed on eBay. The seller had no feedback and no rating so no one would bid on it. I called the seller and found out he was staying with a friend, which made me very suspicious. Strike one. I asked if he had a bank account in town and he told me “yes.”

I got the bank information and called to check the account and was told it had just been opened the day before. Strike two, right? Well, I didn’t want to give up so I asked if his banker would receive the vase. I’d be able to check out the vase with the banker and then send a check payable to the seller in his banker’s care. Believe it or not, everyone agreed to this and I profited by about $4,000.

Make every effort to protect yourself and this business will be even more fun than it is already.

*******

Treasure Hunters:

You Find It.
We Buy & Sell It.
You Net 35%.

Partner Up with 31 Club on High Quality Treasures You Find. We Do the Rest!!

Sellers:

Sell Your High Quality Items for LOW FEES
at 31 Gallery & Marketplace.
Keep More of Your Money.

Buyers:

Buy High Quality Items for FAIR PRICES
at 31 Gallery & Marketplace.

Our Members are Newbies to Seasoned Professionals
Making More Money than they Thought Possible.

Daryle's 220 Page Book,
31 Steps to Your Millions in Antiques & Collectibles is FREE with your Membership.
Plus You Get FREE MENTORING with Daryle.
Join Today!

Or E-Mail us at info@31corp.com