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<p>[QUOTE=&quot;josh&#039;s coins, post: 2332821, member: 51487&quot;]Conducting your own research is crucial. Especially in the world of bullion because there are millions of people with &quot;expert opinions&quot;. Think of it like this. When is a broken clock right? Twice a day right? that&#039;s pretty much the same with these bullion investor gurus. They&#039;ll tell you how they have this great investment strategy and how it made them thousands of dollars. While that may be true their success doesn&#039;t mean they know the future of the market. So when you invest in bullion don&#039;t focus on the future of the market focus on doing your research to develop an entry and exit plan for your investment that works for you. </p><p><br /></p><p>Right now the inflation rate is pretty low and the price of silver compared to the past 10 years is relatively low so it is an ideal time to purchase. When you do make your purchase remember to record on an excel document how many ounces you purchased and how much it cost you. At the end of each year write in the inflation rate. This will help you do that calculation I mentioned when it is time to sell. If you don&#039;t have excel that&#039;s fine you can use Google Sheets which is very similar to excel. But easier to use and it is FREE!</p><p><br /></p><p>Now for an example of what I&#039;m talking about here:</p><p><br /></p><p>This year you buy 100 ounces of silver. You paid $1500 for it and the inflation rate is 2.2%</p><p>You plan to wait 10 years to sell it and during that time inflation is the same and when it is time to sell silver is at $20/oz and you bought in at $15/oz sounds like you&#039;re going to profit $5 on each ounce right? Well, it would be if money had no time value and therefore no inflation.</p><p><br /></p><p>For time&#039;s sake let&#039;s say we did our calculation and you found your investment after inflation was valued at $1400. This would mean if you were to sell at that time you would destroy $100 of your wealth. Therefore it would not be a good time to sell and you&#039;d want to wait to sell in order to create wealth for yourself.</p><p><br /></p><p>This image provides you with a calculation and simple example to help you understand.[ATTACH=full]473056[/ATTACH][/QUOTE]</p><p><br /></p>

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