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.

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We Buy & Sell It.
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Buyers:

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at 31 Gallery & Marketplace.

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Get Out That Silver Polish

Have you seen that the price of Gold and Silver are declining? For those of us in the Antique & Collectible business, this decline will make it possible for us to make money buying Gold and Silver items again.

For a long while, the market was adding no value for the rarity or beauty of a piece, only weighing the value of its base metal. But now, these wonderful items, that have lasted the test of time, will once again make sense for us to buy. I’m thinking tea sets, compotes, vases and even silverware at prices that are sensible enough for us to make a fair profit.

Gold jewelry may get to the point where the dealer doesn't just weigh a piece and quote you the base metal price. I think the metal will always have a value and be a component of the actual value of the item, but other factors will become important. The spread between the offer and bid will again be wider.

A friend of mine came by the house today and showed me some items her elderly aunt took to a company who advertised an event at a local hotel to buy jewelry. She attended with her aunt to oversee this offer. to buy. I’ve been aware of these, what I would call scams, for over year. My friend was smart enough to prevent her aunt from selling these fine pieces for next to nothing, and when I looked at them and she told me what they offered, I don’t believe they even offered the price of the gold. I’d recommend staying away from these types of events.

As prices decline for gold and silver, people will have fewer and fewer places to dispose of their fine jewelry. You see, these so called “merchants” will no longer be able to simply weigh for the gold and silver content and offer you very little. And what do they do with the gold and silver once they “buy” it from you? They melt it down for the metal and then they’ve made their money.

I remember the good old day when I bought a sterling tea pot for a few hundred dollars. No, the silver content wasn’t worth that, but it was produced by a famous silversmith from the late 1700’s. I knew this was a special piece the moment my eyes landed on it. Believe it or not, I called all over the world before finally selling it in Australia for several thousand dollars.

It will be fun again to do our research and look for items that can return us 10 or 20 times our investment. Still, I don't think this change will affect silver plate or gold plate much, and these items should probably be avoided except in rare cases.

I just can't resist mentioning that earlier this year I strongly recommended my readers sell their gold and silver. At the time, the price of silver was around $16. I was a little early, because it did go briefly to $20 before coming right back down. At the time I made that recommendation, I had people e-mailing me hate mail, threatening my life and questioning my intelligence for making that recommendation in writing and sending it to the news services. But, of course, these were the people in the business of selling gold and silver to the public.

I stuck to my guns and continued to write about selling silver anyway. You know, I haven’t heard from any of those people again. And now, all their customers who bought at that time have lost a great deal of their investment while the fat cats have already cashed their checks and danced into the sunset. It isn’t over yet. I predict silver be $6-$8 soon enough, and gold will be back to $600 an ounce. Then it will be time for us to load up on it.

*******

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

Where’s the Shine Now on Silver and Gold? Sell Yours Now.

Be cautious of those who tell you where to put your money unless you know where they have theirs.

Many months ago, I wrote a blog and news article stating it was time to sell silver and gold you might have in your possession, not knowing the danger this would place me in. At the time, silver was selling at about $16.00 an oz and the forecast from the silver bugs touted silver would go to $100 an ounce, while the gold bugs were looking for $5,000 an ounce.

Shortly after that, I started getting emails, from "reputable people" in the metals industry, nasty enough to make your hair stand on end and sinking so low as to request the news organizations that ran my articles rescind them. Of course, none of them did. These supposedly reputable people questioned my intellect and even my heritage. “Don’t you know the fundamentals of these markets,” several of them asked? I think they had forgotten the Hunt brothers, or wished to forget them, and I’m sure many weren’t even old enough to remember them.

Again, today, I am recommending you sell all the silver you have in your possession at the price of $12.00 or more. As I write this, the present price is about $12.50. My projections see silver retracing its charts back to $6.00. Oil is retreating like it is being chased by a band of hungry wolves, and while the dollar is gaining its strength, silver and gold are in a free fall.

Like I warned in my blog and articles earlier this year, the people touting these industrial metals, and that is all these metals are today, have been the ones selling them and have the most to gain by their sale. I wrote previously that they would never tell you to sell silver or gold no matter how high their prices went and this has proven to be true.

Today there are companies still touting the purchase of gold, even though the price is plummeting and people are losing their shirts. These metals are no longer a hedges against inflation because they have been replace by currencies that are much easier and quicker to trade. There’s no storage, interest, or shipping to be paid on currencies, either.

If you want to see other investments that have proven themselves over time and whose numbers are continuing to go up, go to www.31corp.com. -- Daryle Lambert