Buying Gold & Silver
When is the best time to buy gold and silver? Here are some of the best times to buy and make possibly make huge gains in a recession.
The Federal Funds Rate
The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate. The current federal funds rate as of April 23, 2019 is 2.44%. When comparing the recessions and seeing how it compares to the indexes and precious metals can give you insight on how to invest during or before a recessions. When the Federal rate is at or near 0% for years can cause huge damage to many financial markets and has huge influence to many banks and companies getting very cheap money.
Silver is one of the most manipulated markets. Here comparing the federal funds rates with the 100 year silver chart can show what happens to the price of silver. Silver to me is very cheap and is one of the most undervalued asset out there. This is showing the spot prices and not the bullion prices.
Gold is one of the most undervalued asset out there today. During the wealth transfer owning gold and silver can be the asset class that puts you in a huge financial swing to the upper financial classes. Gold used is a flight to safety and during bad financial times is where many people run to.
Gold to Silver Ratio
Here is a 100 year chart of the gold silver ratio. This ratio can show which on is more favorable to have. During a recession having both will help but if you look at the ratio can tell you which one is more undervalued or over valued comparing to each other.
Here is one website that I buy from. APMEX you can buy Gold, Silver, Platinum and Palladium. They have many options to buy from credit card, pay pal, bitcoin, bitcoin cash, check and wire transfer. Here you can also store your gold and silver. The storage company they use is called Citadel. They charge $45 dollars every quarter starting. APMEX has fast delivery and amazing customer service. I been buying from them for years.
This where you can buy many different metals. You can buy gold, silver, platinum, copper, palladium and many others. I really like this website because you can buy spider man or marvel coins and get many collectors items. The do not have a storage company with them but they do have really good deals.
GoldSilver (w/ Mike Maloney)
Here is one of my favorite websites for financial knowledge. Mike Maloney gives out so much information and another great place to buy gold and silver. They also have storage and at really good prices. If you want to know more financial history watch his hidden secrets of money and I will link that below to the playlist. Hi book Guide to investing in Gold & Silver is a very well written book that has so much information about monetary history. This book really opens your mind to how knowing what is money and how it has been used throughout history will help you build wealth consistently.
Guide To Investing in Gold & Silver: Protect Your Financial Future
Hidden Secrets Of Money Playlist
Andre J McClendon
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I am only telling you what I am doing not encouraging or telling you what to do. You decide what to do with your own funds.