These are tough times to be a gold and silver bug. With QE3 at an end, the dollar strong, oil weak and the recent announcement by Japan of their decision to vastly expand its money base, gold and sliver have been hammered badly over the past several days. Truth be told, the past three months have been tough.
It’s times like these that test the mettle and resolve of the "hard money" crowd, and brings to mind the Rudyard Kipling line "If you can keep your head when all about you are losing theirs..."
I believe the best advice is to remember that gold and silver are not short-term investments. They are not stocks, which you attempt to trade – looking to catch opportune market cycles and fluctuations.
Gold and silver are stores of value. Long term. Since 1974 (forty years ago!) the ability of gold and silver to preserve purchasing power is astonishing. If you doubt this, just take a look at the following five examples.
One this is abundantly clear – while the prices of gold and silver fluctuate over the short term, they remain unequaled throughout history as a long-term store of value and protection for your hard-earned savings.