I buy when I have some FIAT stacked up and the price seems reasonable The recent drop in prices has made my DCA a good bit lower. It’s now about $33 an ounce. Additional, as I recently liquidated assets I bought into the market price to avoid leaving cash in the bank account.
Been getting 4 oz a week for a while now. My DCA
is still pretty high, but coming down. I BTFD in addition, carefully, as impulse pushes me.
Buying the dips has helped DCA quite a bit. For me it all boils down to
consistently exchanging a portion of my currency for real money. I choose to
Save in Silver.
All depends on how much money you are talking about. Small stackers should just buy on a regular basis. If you are talking $100k or more then time the dips, not hard because the boyz always hit the price around options expiry or first notice day. Plus you can get better pricing when purchasing multiple green monster boxes.
BTFD – Buy the Freaking Dip is the nicer version. The more “vulgar”version is what everyone means.
Whenever I save a big enough pile of fiat and time it with a big enough dip in the paper price is my strategy mostly. I usually buy massive buys of bullion like ASEs this particular way. Other times if I have a few extra hundred fiat I search around and get the coins I want as more of a “collection” than a savings account. ie Pandas, SBSS rounds, Kookaburras etc.
" There are many ways to view this one way is insurance, you pay for policies don't you? I hope my home never get blown away in a storm but if it does I have a policy to cover it. I like insurance, it's not always cheap but I sleep better at night knowing I have it. "Reply To: My Faith in Silver is Just About Broken
my avg price was $32-33 an oz but a recent Doc buy was about $25 and that made me satisfied with DCA
My take on the fallout of these price smashes is one that tells me there are more reasons that just taking down silver prices to unwind a TBTF bank silver short contracts. That sa... "Reply To: My Faith in Silver is Just About Broken
" If everything collapses, then who is going to power up the Internet? Not everyone will accept precious metals right away for payments after the collapse so by that time, the Internet will disappear as well. "Reply To: Will The Internet Be Up?
" It still cannot be used like "normal" currency. I can't take it to the bank and use it like a 100$ bill. There was a guy who wanted to pay his bills so he tried to exchange a few 20 for 20 coins at his local banks and they won't take it even if it is legal tender. The Royal Canadian Mint told him... "Reply To: Candian $100 silver coin
" I do not mean to insult anyone but 'NSLOOKUP' is a excellent tool built into Windows that allows easy conversion of DNS naming conventions to numeric addresses. I have 'NSLOOKUP' assigned to the taskbar and with a click of the mouse you just enter the URL and the numeric equivalent is presented.... "Reply To: Will The Internet Be Up?
" Thanks for the replies guys. It does feel good to know that there are a lot of other people out there that think just like I do. One thing I know is that the average person has a very hard time buying something that is going down but find it very easy to buy something that is going up. Just look ... "Reply To: My Faith in Silver is Just About Broken
" All Webmasters should post their IP numbers on their sites and convert their sites to allow access by IP number (no cname) (Attn: Doc!) ALL users should then record and save these numbers. As a distributed system, the internet is designed to find and make connections between nodes even if a nu... "Reply To: Will The Internet Be Up?
The analysis and discussion provided on SilverDoctors is for your education and entertainment only, it is not recommended for trading purposes. The Doc is not an investment adviser and information obtained here should not be taken for professional investment advice. The commentary on SilverDoctors reflects the opinions of The Doc and other contributing authors. Your own due diligence is recommended before buying or selling any investments, securities, or precious metals. We do not share in your profits, and thus will not take responsibility for your losses as well.