What is going on?
If you haven’t been paying attention to commodities such as copper, silver, and gold, then you don’t know that their prices have started to fall, with the dollar falling in value it has again negatively impacted our economy. Is this bad or good? Well the falling value of our money is never a good thing for anyone, in fact it is becoming such a problem that people can hardly afford to live their own lives, losing their homes, jobs, and everything else! Well before you start getting really upset there is a silver lining, literally, this announcement today has caused these precious metals to start falling in value, even gold which is considered by many to be the save all that will always keep its value and appreciate, well not today. But with this news the investors who are holding these commodities are selling them to keep their profits and it is giving future investors a chance to make a profit! Just today I was watching the price of silver and I watched it drop from $30 yesterday to $27 today, of course we are only talking ounces but when you start buying it up in large quantities then we are talking a large future profit!
When should I start buying?
You may want to run to your computer and start buying quantities of these precious metals, well you need to wait! The dropping of these values has not reached it total effect yet, they are going to continue to drop for the next few days, maybe even weeks, like everything else it will dribble up and down but the end result will be a lower value. If you want to take advantage of some potential profits then watch the prices of these values and when they bottom out then buy what you want, if you invest in metals then you know it’s not going to be a next day flip. rather you hold on to them for a few years and make your profit in the end. Personally I like to buy copper because its cheap and it used everywhere, not to mention it’s in high demand over seas in developing countries. Copper is only around $3 a pound and when we enter the electric car age the demand for copper and silver is going to go up everywhere, and of course as we evolve in technology the demand for gold is going to skyrocket as well.