March 24, 2013
How You Can Build Wealth Using The Current Silver Price
Get a free ounce of silver and the current silver price by clicking on one of the banners below. You can do this at Bullion Vault by clicking on the banner below and then signing up with a free account if you desire a free ounce of silver. Furthermore, do not rely on short term trading of silver or any kind of speculative trading in silver to try and build a foundation of wealth. Take it from someone who has been around the block a few times. Trading like that will not work for someone who desires to build a foundation of precious metals freedom. The only real way to build wealth in light of the volatility of the current silver price is to use our Precious Metals Best Price Averaging System™ over many years so that you take advantage of the miracle of silver cost averaging over time. That way you can average out the price you pay for silver. Please see a thorough discussion about this system on the home page.
The current silver price is now available in real time to anyone who has an Internet connection in their own home. This has opened up a whole new world of trading possibilities for people who have always wanted to become involved in the financial markets but never had the chance. Now, you can run the same kind of trading operation from your home office that professional traders run, and benefit from the ability to make buying and selling moves at exactly the right time. This can give you the ability to hedge existing investments, or to try to cash in on the prevailing trend if you are a good trader and can afford to lose the money you are trading.
There are two essential factors you must bear in mind. Firstly, even if you see yourself as a short term trader who likes to get in and out of trades quickly, you will still achieve the best results by bearing in mind the long term trend. The second is that you must have your objective clearly defined in advance. Even in identical market conditions, your strategy will need to be quite different if you are looking to protect assets against the difficult economy, or looking to aggressively gain from the situation.
If you have investments in the stock market, there is a strong case for switching some of this invested capital into silver bullion held offshore. This will give you some kind of security, while allowing you to diversify your capital to the safety of a legal offshore silver bullion holding firm. There may not be any significant tax advantages in doing this but safety of your capital is paramount. You can still progress to investing in the other financial markets once you have secured this strong base in the precious metals.
Making aggressive gains from rising precious metal prices requires you to take long positions in the futures market, or requires that you buy call options. You cannot expect to come out on top with all of your trades, even if you are following a very firmly established trend, that is simply unrealistic. This is especially so when you are trading the more volatile silver market. You need to be setting tight stop losses so that positions which go against you cost very little, while strong moves with the trend bring a healthy profit.
A trading account and access to current silver prices gives you everything you need to make a success of trading, apart from the qualities of discipline and patience which you need to have within. The other consideration is to protect yourself against equipment failure. If you are getting your prices through a broadband connection, make sure you have a back up dial up connection you can activate at a moment’s notice. You should also have something which uses completely different equipment, such as Internet through a cell phone network. It is absolutely critical to maintain your access to current silver prices when doing this kind of speculative trading.
Disclaimer: We are not nor do we claim to be registered investment advisors. You must realize that past performance is not a guarantee of future results in any kind of investment or financial account or company. Please click on the Special Disclaimer page listed on the left hand side articles menu of this web site and read it before you get your free ounce of silver or open an account with any of our featured online precious metals dealers or investment companies. Also remember to follow the laws of your country and report your accounts if you are required to, and pay all taxes on all capital gains you may someday realize from buying silver bars and selling them.