We thought we would share something we received last night from SD reader T, for the purpose of allowing the SD community to encourage him during a difficult time when circumstances have forced him to sell his phyzz. SD is becoming a community of like-minded investors, and The Doc would appreciate any encouragement you can provide to T. I will include my response as well, but at times like these, the reinforcement of sound advice and encouragement can do wonders to treat discouragement and despair.
Hey Doc. I'm taking a break from silver for now. Not sure how long it will be for.
A couple weeks ago I was driving home from a meeting like I do every night going through a green light and got smashed. I think the young girl that hit me was texting. The cops wrote her a ticket and I have witnesses but her insurance is still playing games. I went to the emergency room with a concussion and strained back. My car was totaled. I'm doing o.k. now but I had to get a lawyer. I also had to sell 200 of my 1000 ounces. I sold two one hundred ounce bars. I'm not parting with my eagles. I got a good car though. Honestly what is making me take a break from silver is seeing the cash I got when I sold. I've been living on oatmeal and frozen dinners for a while spending my money on silver! . I'm low income. I can actually eat at restaurants now. Well, I'm not trying to make a sob story and I thought I was as much a silver bull as anyone but this latest smash down has me on my heels. I know I'll be back though. I've also noticed my comments getting a little to intense and personal. AA has taught me to be very humble, I am in real life but not when I leave comments. Well, I wish you the best and keep up the great work!
T- extremely sorry to hear about your accident- I hope you heal quickly and make a speedy recovery. There are definitely much more important things in life than gold and silver- namely God, family, and health.
From a financial standpoint, that's rough that circumstances forced you into liquidating your physical at a time when the paper price is undergoing a correction. At least you have 800 ounces remaining-that's far more than 99.9% of Americans have and will still leave you in an excellent position to survive and prosper a collapse of the fiat western financial system.
The hardest thing in a long term bull market is to be right and sit tight. The corrections are violent and severe, and will throw off all but the most determined holders who are 100% convinced about the fundamentals of their holdings/ investments. Have faith, take a break from the markets for awhile, and sit tight if you can.
All the best in your recovery.