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Is It A Good Time To Buy Silver?

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coinwatch's Avatar
United States
808 Posts
 Posted 04/06/2012  5:03 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply

Quote:
Will it be worth it to buy it now or should I wait for lower prices.


I've found no useful way to "time" my silver purchases in this market. As a result, I'm less concerned about the daily spot price.

Different strategies work for different people, but I try to make smaller purchases more frequently and regularly instead of one big purchase on a price dip. This keeps my DCA simple. It also discourages me from spending all my investment fiat at one time.

Instead of price, I focus on finding the lowest commissions and shipping charges from dealers. Keep those two costs down and you'll be a consistently happy silver buyer no matter what craziness is going on in the market.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 04/06/2012  5:18 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
"Waiting for "the best price" is probably the best way to not build your hoard, as you will always be waiting and not buying."

Amen, I agree 1000%....
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/07/2012  7:59 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Good plan, CW. That should work well to build a nice hoard over time and at a reasonable price too.

Those who have been into collecting silver for a while understand that while price is important, it is not the primary concern. Holding ounces in our hot little hands IS the important aspect. If, one day, silver were to really take off in price for whatever reason, no one would be worried about what they paid for it. They would only care that they had some. It's like the long-time gold buyers. Do any of them care if they paid $35, $40, $50, or $100 per oz. for their bullion coins? Not any more.
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