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Here’s What Poor People Don’t Know About Gold

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When gold fell $125 an ounce this past month, did you react like a wealthy man or a poor man?
The difference between the two reactions is huge.
If you picked the right one, chances are good you’ll make money as a long-term investor…
For many years, I’ve urged people to own gold and silver. I’ve helped thousands of Retirement Millionaire readers make the right precious-metal investments. But I’m an unusual owner of gold and silver.
You see, I think 99% of gold and silver owners are all wrong in the way they view their holdings…
Most folks buy gold and silver and hope they’ll make a fortune on it. They listen to “doom and gloom” gurus who claim gold prices are about to explode. Or while watching right-wing television shows, they see commercials promise to make them rich in gold and silver.
So when gold and silver decrease in value – like they have recently – the average precious metals owner stresses out. His “big trade” isn’t working.
Again, I own gold and silver… and I urge you to do the same. But I take an unusual approach to my holdings. I hope I lose money on them.
I look at gold and silver the way a homeowner looks at his insurance policy. A homeowner buys insurance against disaster and hopes disaster never comes. He hopes he never has to cash in his policy.
 



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Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


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