I have refrained from giving too much advice here on Steemit about my real job. That is due to two main reasons, 1) this is an escape from my real world and I talk enough about markets and money with my clients and 2) it is impossible to give people blanket advice without knowing their individual financial and personal situation. Everyone is different and that means that they react different to each and every circumstance that presents itself.

No Crystal Balls For You

Any gurus that "claim" to know what will happen next (in any investment) are selling you something (most of the time its called bullshit), and you should be looking for their angle. I have been in this industry for 33 years and have seen a lot during that time frame. I have witnessed all the tricks and games that people use to get people to "think" they know what is happening next.

But the bottom line is that NOBODY (that you will ever talk to) has a crystal ball. Note: there are people with a crystal ball, but they are like the Wizard of Oz and you will never get on the inside with these scumbag bankers.

Look For What They Are NOT Telling You

It has been said that markets exist to separate the most people from their money. While I don't completely buy that concept, I do believe there is enough truth there to heed the message. In order to do that I have learned a simple trick that has helped me a lot in the last 10 years of my career. The trick is simple and very useful and can be applied to more than just money as well.

I have learned to pay attention to both a) what they are telling me and b) what they are not telling me. By doing so, I have been able to stay away from the herd and keep from being the proverbial "pig that got slaughtered".

The reason this is important is because there are many messages that are being driven by the massive propaganda machine on a minutely basis. The TV programs and newspapers, and all the pundits associated with them, are all connected to this machine and knowingly or not are a part of the effort to steer people in a particular direction. This is how we get bubbles and how groupthink works in real time.

So when it comes to investing your hard earned money, you should listen as much or more to what they are NOT telling you than what they are currently pitching with full force.

Precious Metals Are Plunging, So What?

Gold Chart Last 12 Months

source

If you look at the chart above you will notice that Gold has just made a new low for the last 12 months. In doing so it has broken support and on a technical basis and looks poised to go lower. Note: I use gold as the main metal, but this applies to all the precious metals too.

If you listen to the financial news gurus, they have been telling you all day that its a bad time to own gold. In fact, they have put up their fancy charts and given you very "valid-sounding" arguments to explain why you shouldn't buy and in many cases told you to sell. They are very convincing if you are not used to hearing the pitches day in and day out for 30 years.

As for me, I'm not listening to what they are telling me. I'm instead focused on what they are not saying. I can see the price move for myself, and sure it made a new 52 week low. In my eyes that simply means I can buy it cheaper. Who doesn't like a good sale? In my eyes, I can get more silver with my next monthly purchase for the same fiat I am planning to part with.

What they are not telling us is how the currencies around the world are "managed". What they are not telling us is the people that are doing the management have had to resort to a massive amount of money printing in order to stabilize the system (worldwide). What they are not telling us is that many (if not most) countries now have debts and obligations that are unlikely to ever be repaid (without inflation). What they are not telling us is that the central banks of many countries (including Russia, China, and Turkey) are regular buyers of gold. What they are not telling us is how fast the system will unravel once the wheels go in motion.

So to conclude, for me... for my personal investment situation... I am not dissuaded at all from buying more precious metals since it made a new 52-week low. I plan on making my purchases according to my plan and look at this as an opportunity for me to get more ounces for the same amount of money!

Disclosure: This is not personal investment advice in any way. It is merely my thoughts about the precious metals market as a whole and my own reaction to a particular price event. You should never invest yourself without doing your own proper due diligence and/or seeking the advice of a financial professional who you can trust.

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