Have you heard of the name James Cameron? If no, it’s ok, I didn’t know him too until recently. He is the director for The Terminator (1984), Terminator 2: Judgment Day (1991), Titanic (1997), Avatar (2009) and a lot more movies.
I have learn something very useful from this successful man. This is what he said,
“Luck is not a factor, Hope is not a strategy, Fear is not an option.”
That is so true, especially true when come to silver investment.
Luck – when we invest in silver, we are not investing base on luck. In fact, no investment should be done base on luck. We are investing in silver because we understand the fundamental of silver investment. There is a physical shortage for silver, there is price manipulation on silver, gold silver ratio is way too high, silver is being consumed year after year. When we are investing in silver, getting lucky should not be part of the factor why we should invest in silver. Facts that we have been exposed to and learned are the reasons we want to take advantage of the situation through silver investment.
Hope – when we invest in silver, we don’t hope for the price to go down so that we can buy. We also don’t hope for the price would go up after we bought. We learn strategy and formula to identify when is a good time (good opportunity) to buy silver and when is a good time to sell silver. If you are serious about silver investment, you should check out the book written by Ikram Adi where he shares his strategy and a special formula to forecast price movement in silver investment. Honestly speaking, I would invest in education anytime rather than hope for a good return. If you are interested to see his book, you can download here.
Fear – a person should not be fearful while investing in silver. Silver price is a very volatile. Within few days, price could drop as much as 30%. If an investor is a fearful investor, investing in silver would give him a heart attack. A person should only invest the amount of money that he can afford to lose. This is preparing for the worst. Fear is not an option. Once a person has done enough homework, he needs to trust himself that he has done his homework well and be fearless with his silver investment decision.
I sincerely hope you will do your homework well and prepare yourself for silver investment to practice what James Cameron said, “Luck is not a factor, Hope is not a strategy, Fear is not an option.” Until next time, enjoy your silver investment journey!