Im New To Silver Investing And Was Wondering...

wait one year and it will be down to $16 an oz (or lower) ... just wait ...

IMO... Buy a round or two this week and if the price lowers next week buy some more... Spread it out and and if silver goes on a tear you'll glad you took the plunge...

I have a buddy who bought $5000 worth of silver when it was $6/ounce and sold it at $9/ounce... If he had waited a few more weeks he could of sold it at over $10/ounce... He was bummed about it till his boss (who is a millionaire) told him "Man you made a 30% ROI, DON'T be disappointed, because most people won't do that in a year on their 401k's)....

I don't know how much you plan on investing but I would break it down to at least 4 separate transactions and making sure that each transaction is lower than the first one you did...

Cherry pick the ones that have collectible value, they are normally in demand even in a cool market, but it could be hard to find.

The average person, including me, does not no how to catch the falling knife, and buy at the bottom of markets. Silver could jump $3 overnight, and the opportunity is gone. For the average person IMO, study buying is a good plan. I'm not looking to make a fortune in silver, it's just to round out a portfolio. I think 90% silver coins is a good way to go, and they can be had for about melt on ebay with a little research and patience, especially in Nov and Dec. I hope it does go to $16 an ounce, because that will mean the NASDAQ will probably be above 5K

@Bryan78

the problem with averaging down, and the reason it is not done, especially in commodities, is you have no idea that, as the price is dropping, that it will go back to 20. Chances are high that if its dropping, it is going to drop even more and who knows when it will get back above what you paid.

Just to be clear, in commodities, no one averages down, and if they do, they end up regretting it and losing their crap. As I was told, have learned and been taught, even experienced, "out of all things in speculation, never average down, let that thought never leave you".

So, you can average down but the odds are most certainly against you, especially with commodities. Stocks, sometimes you can get away with it, but you have to understand what value is there, furthermore, with stocks, depending on what stock it is, thats declining or has declined, it could very well be paying an increasing divy that helps with the pain of an investment that is dropping.

So, hey, I have given the warning on why averaging down is not a good idea, but hey, its your money, not mine. You are free to do what you want.

Buying low is not a bad idea, why would it. If your grocery bill was going down over the years would you stop eating? It all depends on WHY you want the silver. For me this is a great time but I have no extra income for that. I have enough silver that I'm not consuming as it is and that's the only thing slowing my buying.

Another thing, silver has value. If it did not wouldn't it simply be getting crushed to $5 right now? People are holding their silver, not selling it. It's not an exponential amount of selling; it's holding steady. Again, are you consuming the silver or just buying it to collect dust? Remember who the end consumer is. People who want to profit for the sake of profit will tell you sell your silver or don't buy it because it's not in a mania. I posit that one should see the mania coming years ahead of the game and be prepared, especially if you're the end consumer - this allows you to buy the forms that you want (e.g. that popular silver coin that everybody has but now is scarce because everybody wants one). Do you want profit or silver?

I never said silver was rare. I can find it in parks and on the street. People give it away. A non-existent strawman argument against me as always.

re: my grocery comment, I was comparing something that gets consumed to something that gets consumed. Apples to apples, it all depends on what you use the silver for. Profit is not the greatest motive to buy silver, but it you consume it the price doesn't matter at all. Want that coin you always wanted? Consume it. Want that bar to sit on for decades? What's the point in physically holding it if that's your plan because inflation will eat it up... Of course one doesn't NEED silver to survive, but it gets consumed all the same. Why would anyone buy insurance with this mindset...

"this is a great time to find numismatic coins that are "on sale" because of the drop in PM prices." A good paraphrase of what I said, re:forms. That's the same as saying, "the things you wanted before were more expensive 1-2 years ago so go ahead and get them now that they're cheaper". And saying that they're "on sale" is saying that the prices should be higher.

My point is, if you like it, pay what you're comfortable paying.