Told you about the wild ride:
I'm posting, because there are probably some nervous people, with the price of silver/gold going down. Remember in the beginning, I mentioned DOLLAR COST AVERAGING??? This is when you should be buying silver. No matter which of the 3 reasons you're buying silver; 1)economic collapse; 2)Invest to pay off debt and buy items cheap; or 3)Hedge against inflation or offset retirement; this is why we buy silver/gold on a somewhat regular basis. You can't just buy 100 ounces and sit back and wait. Well, yes you can, but you defeat the purpose and you lower your chances of making a decent profit. It's better to buy 10 ounces of silver EACH WEEK for 10 weeks than it is to buy 100 ounces at one time. Yes, you could get lucky and buy the 100 ounces at the very lowest, and it's all UP from there. On the other hand, you could have bought the 100 ounces when it was $34 and now it's $29 an ounce.
So just relax. If you have some spare/disposable cash, this would be a good time to buy. If it goes lower, buy more. If it starts climbing, hold on for the ride. Just like your house. Some say: "My house use to be worth $250,000. Now it's only worth $175,000. I've lost $75,000. NO YOU DIDN'T!!! Not unless you had plans on selling your house. Same with your 401K or ANY other investment. Until you cash out, you haven't GAINED or LOST!!! CYA: SE:
I'm posting, because there are probably some nervous people, with the price of silver/gold going down. Remember in the beginning, I mentioned DOLLAR COST AVERAGING??? This is when you should be buying silver. No matter which of the 3 reasons you're buying silver; 1)economic collapse; 2)Invest to pay off debt and buy items cheap; or 3)Hedge against inflation or offset retirement; this is why we buy silver/gold on a somewhat regular basis. You can't just buy 100 ounces and sit back and wait. Well, yes you can, but you defeat the purpose and you lower your chances of making a decent profit. It's better to buy 10 ounces of silver EACH WEEK for 10 weeks than it is to buy 100 ounces at one time. Yes, you could get lucky and buy the 100 ounces at the very lowest, and it's all UP from there. On the other hand, you could have bought the 100 ounces when it was $34 and now it's $29 an ounce.
So just relax. If you have some spare/disposable cash, this would be a good time to buy. If it goes lower, buy more. If it starts climbing, hold on for the ride. Just like your house. Some say: "My house use to be worth $250,000. Now it's only worth $175,000. I've lost $75,000. NO YOU DIDN'T!!! Not unless you had plans on selling your house. Same with your 401K or ANY other investment. Until you cash out, you haven't GAINED or LOST!!! CYA: SE:
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