Hello Steemiteers!
Nobody except the market manipulators know exactly what the price of precious metals will be tomorrow. Many people in the past have been investing in gold all wrong. After 2008 when precious metals went for a run many people invested in the market looking to make their fortune, and for a time life was good. Then after 2012 when gold prices dropped many people lost big and then sold out of fear.
Precious metals has to be looked as insurance for your money and the way to always win with your investment is simple. Pick a percentage of your money that you would like to insure, for most people that would be 5-10%. Purchase your gold or silver at the current rate, depending on the amount of money you have will determine if you would like delivery of your product or insured in a vault. Every few months check the price gold and silver and if the price has gone up then your precious metals account is worth more than 5% of your portfolio and you should sell enough of the profits to get that number back to 5%. If the price of precious metals has gone down then you should buy more to keep your percentage back to 5%. That's it.
This completely takes the stress of the investing process out of the equation. You will always buy low and sell high and that's the point.
Anyone have any questions please reply down below below and don't forget to up-vote if you liked this article.
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