Why I’m selling stocks and buying silver
The stock market has bounced back again and has now recovered all of its losses in a matter of just two weeks. First the headline read “Stock markets give up all of 2014 gains”. So everyone rushed to sell – only to see the market laugh in their face as it registered the biggest gains of 2014.
Gold and silver on the other hand continue to fall. Silver is now at a five year low. So where would you put YOUR money? In a market that is at all time highs or in a market that is at all time lows?
It will come as no surprise to learn what I am doing. That’s right, I continue to sell my remaining stocks stocks at the top and buy silver and gold at the bottom.
For many this is a tough call but I know that the only way I can make money is buy buying something when it is truly hated. The principle of buying low and selling high is the only one that plays out in the long term.
Buying silver to protect my wealth
The short term the news may well be very different. Will the stock markets go higher? Yes, they probably will. Will silver fall even lower? Yes it may well do exactly that – but the short term play is far less important than the long term play. I am in the “selling phase” for stocks and I need to be all out BEFORE the crash. I am in the “buying phase” for silver. I need to be all in BEFORE prices start to rise. This takes time as you have probably learned. If I wait for the turn then I’m trying to sell when everyone else is selling and I want the exact opposite of that. I want to sell to a hungry audience and sure, let them take some gains at the start – I’m playing a longer game than that.
Each month I put the exactly same amount into physical silver (uncirculated silver Britannias that will not attract CGT here in the UK). If the price falls I get even more silver for the same amount of money. This “price averaging” means my total pot is being purchased as at near to the bottom as possible. You have to buy into the fact that you will never buy at the very bottom so you have to do the second best thing. Keep buying as close to the bottom as you can get. If it falls a bit more you just get a bit more silver on your next monthly purchase.
You will have to decide on your own strategy but whatever you do make sure you are not buying into a market that is close to its top – always go for the one that is closest to the bottom. Simply work out what your monthly, or quarter investment figure is and stay with it. When you are all in you can sit back and relax and wait for the inevitable to happen.
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6 Comments
At £100 to double-you’re not really competing with large scale seasoned professionals.
Once you go down the doubling numbers you begin to compete in effect with institutions and or Goverment policy etc(as that kind of continual doubling becomes an Intrest to the other 7 billion people and stated Goverment)
As a result-after a handful of these ‘doubling’ moves…the ability and time and competing positions from other investors and said governments etc just make the ability a compounded hardness.
Hopefully as we become more sophisticated we can enjoy these posts but realise they are like any other headline….attention seeking!
I’m afraid that none of that is even remotely true, Gerry. Remember, DYWTAM was written by not one, but two, multi-millionaires using these very techniques. I suspect that you’ve been ripped off in the past by the many “get rich quick schemes” that are out there. That’s a real shame. Having done all of the fourteen levels myself, (and I watch others do the same every week), I feel highly qualified to disagree with every single one of your comments. If you’re not rich now then you have to change your thinking if you want to make serious money. Here’s the thing; “If you keep doing what you’ve always done – you’ll keep getting what you’ve always got”. Stop and think about that for a minute. I don’t know if you live in a two million pound house but if you don’t, here you are telling someone who does that this won’t work. Really? The DYWTAM Programme is a genuine no-nonsense guide on how to become a millionaire – and absolutely anyone can do it.
Barry, is it only 10 issues of Double your way to a Million? A friend of mine who is interested wants to know, thanks.
Yes. That’s correct. One a month for ten months.
hi barry i am interested in your horse racing course and your recommendation of using isiris,i understand kevin booth has resigned from isiris do you still recommend we use this company still thank you,and also i notice on your websitethat it is still dated 2017 .
Good question. I have not used the Isiris service recently. I had a brilliant 11 year run but eventually I got closed down by all the bookmakers. I guess that’s a real sign of success but it was fun to do and I actually miss it. I did not know that Kevin had actually retired but I understand that the results this year have been extremely good. Maybe regular readers who still use Isiris can update me on that one and let me know how they are doing.