What makes one hesitate?? For me, it's the "fear of the unknown". Even when I feel very strongly I'm certain of something, I still tend to hesitate. In the past this has been both a blessing and a curse. More actually of the former rather of the latter.

Greetings Collectors of Coins, Silver & Gold,

There is always opportunity around for whoever has the appetite for the research and homework it requires to take advantage of the said opportunity. I've loved coin collecting forever, or so it seems. Somewhere in the middle to late 1980's I fell in love with buying coins made from the most precious of the precious metals (at least in my book, the only two metals I call precious are gold & silver. In that order) I remember buying 8-12 20 franc gold coins around this time for a little over $50 each. None were graded and I probably could have paid a little less had I shopped around but these were handy and I had bought from this "Coin World" dealer several times before and all were nice trades. I remember these same gold coins from Europe continuing to inch upward in price to where they were touching on $100 each on their almost 1/5th of an ounce of pure gold in each one. I think that seeing that add continue to change almost weekly to a figure just a wee bit higher than the week before, had more to do with opening up my eyes to what could be accomplished financially by continuing to acquire precious metals in not only specific coins but just loading up on the metal itself. Then came the ridicule and the chastisement to the point I quit sharing when I got a new piece or two for the collection. (this going "underground" may have been the single best thing I did besides the actual purchases. Not a sole knew what I had. And that still holds true today.

You guys here know more about what I may have than anyone who knows me and sometimes I think I maybe share a little too much, but oh well. It just seems that I have always felt I had an inside track to what should be bought and when and for how much. When I can, I have always followed these feelings and haven't been let down yet. Just wish the economy in general was better so that when an opportunity like has presented itself over the weekend and the latter part of last week, I had more of the funds to adequately take advantage of the market at hand. But all I do is what I've always done. And that's to buy just as much as I can at prices that I feel are good and just let the market run its course.

It's a great buying opportunity for silver right now, one that I don't believe will come again with this much of a correction. There will be others (corrections) but no more 20-25% ones. My 1st buy after this correction began at $44-$45. I didn't have a huge chunk of money so out of the three buys I've made thus far, that 1st one totals about 20% of the total money spent in the last 8-10 days. The second chunk of $$ I bought is what you see pictured here below at what I just knew was the bottom, which was $40.12 But no, it continued lower and I made an equal to the below buy at just off the lows and got in for the 3rd and final chunk at $35.84 Now silver is at almost $38 and the ratio has fallen again to below 40 to 1 and I sure wish I could buy more as I know that this is just a golden (or should I say silver) opportunity to make some easy money for the future. I've never borrowed any money to fuel my addictions except an occasional Amex buy that was paid back in 30 days. But Friday I sold some stock that had done real good and would probably continued to do well, but it's just I know silver will do better. As soon as the three days it takes to settle, I'm dumping that, my final 4th chunk into more "low premium over spot" silver. My latest fetish and one that is still going strong is the allure of the big Ike 40% silver dollars in proof & mint-state. I now have about three hundred blue Ike's and maybe half as many of the proof brown Ike's along with a potpourri of other OGP silver mint products. I always try to stay balanced and diversified and would like to think I have that down pat. It's just I want to push that 20% in metals figure higher to as much as 30-35%. But never having been hurt in any of the other bubbles in the past, I am one to hardly ever follow the crowd or a trend, I'm not about to start now by being greedy in this silver thing. At my latest balance inquiry metals and coins were at 22.8%, this up from 15% in just a few months ago in January. Now I've made some money on paper, actually have done quite well but I know just how fast your money can evaporate if you're not paying close attention to just where it's at. So while a large part of me wants to just sell everything but my coins and my metals and dump all the rest of the funds into more silver & gold & coins, I'm going to resist the urge to do so. This is where greed can take over and cause you to make a horrific mistake. It is so hard for me to try and remain "un-greedy" when I'm quite sure there is a marvelous opportunity at hand.

But definitely, good luck to all of you out there no matter how you are dealing with this so called incredible buying opportunity. There is definitely some money to be made in short order for those with large gonads. In my opinion, the next 18-36 months may be the best 2-3 years in all the years I've been investing in anything. And believe me, that's saying a lot. And if things pan out like I believe they will, I think I'm gonna cash in my chips and watch the ride from the sidelines sometime within the next 3 years. I want to go back to traveling and I have several adventure trips planned, but am just waiting for the opportune time to make my move. All I can say is that it will come at a time when hardly anyone else will be selling. Just like I really don't think many of you are taking advantage and buying today (damn, I hope you are) many of you want to make sure the slide is over and most will start to trickle back into the market as silver reaches $41-$42, or even as high as $45. And that's sad because of the money left on the table that could have been yours. I will always own a few special coins to leave to the kids, but to continue to have all that I do, well, I just don't want to leave the decision to someone else as far as when the best time, and to whom, to liquidate to.

But to each his or her own. Good luck again to all of you and Happy Collecting/Investing!

WKF

Silver to gold ratio is 39.989