Gold and Silver Coins, The 80-20 Rule and the Need to Take Action Now

Posted by LauraDerb on August 5th, 2019

In turbulent economic times, people have traditionally turned to precious metals to preserve and protect their wealth. In today's world, with rising levels of public debt, out-of-control spending and persistently high levels of unemployment, more and more people are investing in gold and silver for financial security. This is a smart decision.

But talking about the need to invest in gold and silver9coin and do it are two completely different things. For every person who buys gold and silver coins, there are probably another 10 or 20 people who talk about buying coins but who never really seem to do anything about it. These are people who know that they should start buying some gold and silver coins and maybe even advise others to buy these coins but never take anything. Why is this?

In life, most postpone and never manage to do many of the things they know they need to do. According to the Pareto principle, also known as the 80/20 rule, 80% of the result is achieved in any effort by 20% of the population, while the remaining 80% end up sharing 20% ​​of the result. It also means that when it comes to action, only 20% of people are responsible for doing something, while 80% are delayed and delayed. Oddly enough, this principle has proved more or less true in many different fields and disciplines.

The 80/20 rule applies to investing in gold and silver coins.

There are two main reasons why people postpone the purchase of gold and silver coins. The first reason is because they are not familiar with how to do it. Very few people today have bought gold or silver coins and that is outside their comfort zone. For most, this is a sufficient reason to postpone the purchase of gold and silver coins until tomorrow, some undefined.

The other reason people put off investing in gold and silver coins is because they fear losing money. "What if I had to buy the coins today for X, and tomorrow the price goes down to Y?" They ask themselves. Since we never know the future, this seems like a valid excuse, as there may be price drops, but this excuse is just that, an excuse. Both silver and gold are volatile metals that rise and fall in price. We can never know the perfect time to buy them, just as we never know the perfect time to buy or sell a stock. There are people who have been waiting to buy when the gold was $ 250 / Oz and are still on the sidelines waiting for the optimal moment. They should have been shopping all the time.

I think everyone should own some gold and silver coins because bad things can happen to our money. Through inflation and possibly hyperinflation, our money can become useless. When this happens, cash may not buy much, but gold and silver do. Part of our financial savings must be in assets supported by tangible value. This can be achieved with gold and silver coins. If you have none, now is the time to take steps and buy some coins.