A friend wrote the following in an email:
And right to the point… do you have any new thoughts on investments or silver? Looks like we took a pretty good beating in 2014, huh?
My reply:
I view the current environment is providing me with an excellent opportunity to acquire additional metal and quality stocks. I have been a buyer over the last couple of weeks. The best time to buy is when everyone hates the targeted investment. I am not selling any metal. I only have to look at the growing debt, the growing fiat currency base and I know that when the day of reckoning occurs those with physical, un-leveraged assets will be in superior economic shape. I bought additional TRX shares this past week as it hit multi-year lows. I believe in the company and its management. If I am wrong, such is life. If I am right, then 70 cents could easily turn into $7 or more. My exposure is capped at 70 cents per share. (PS I placed an order at 64 cents hoping the “boys” would push it down, but it didn’t happen.) You never invest money you need to pay bills with. You always must consider stocks as having inherent risks associated with them. A silver coin has no external risk associated with it and there are no “claims” against it. (PSS: I bought more Silvercorp at a buck just before they announced their latest quarterly earnings reports)
How much longer can the boys around the gateway keep the ruse going? I hope to acquire more before Humpty Dumpty goes splat! It is clear they are in the market suppressing gold, silver, and the related stocks hoping to shake out the investors. Not me. I am not moved by their tactics. History supports my position.
Emotions are the enemy of cheap quality stocks as my buddy Mike in Hawaii and I have discussed.
On 12/21 the metals exchange will implement "circuit breakers" on gold moving $400 during a trading session. Which way would the price be moving in such a manner? Since they have been intervening to move it downward, I can only conclude that it is the upward movement they are concerned about and that makes me happy!
So that I make sure we are all adults accepting responsibility for our own investment decisions:
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