TheCoinKid
Hero Member
I'm not there yet, but at $18.68 spot, I decided it was time to start thinking about it. When the time is right, I will be looking to start dollar cost averaging as the price (hopefully) continues to step down.
Looking at Ebay, 90% halves (one of my preferred choices) are now selling at around 17x face, delivered, which translates to around $23.50 per ounce. A $4.82, or 26% premium is still way too high in my book, so I'll be waiting not only for a further price drop, but also a bit of price convergence with the small player physicals.
Of course, there's no certainty that prices will continue to drop, but dollar cost averaging would be a bit of a hedge there.
Most of my silver was acquired 10+ years ago, at an average cost of under $10.00 per ounce. I do expect prices to increase long-term, and wish to add to my holdings whenever I believe prices are approaching a low in the cycle.
Comments are welcome.
TCK
Looking at Ebay, 90% halves (one of my preferred choices) are now selling at around 17x face, delivered, which translates to around $23.50 per ounce. A $4.82, or 26% premium is still way too high in my book, so I'll be waiting not only for a further price drop, but also a bit of price convergence with the small player physicals.
Of course, there's no certainty that prices will continue to drop, but dollar cost averaging would be a bit of a hedge there.
Most of my silver was acquired 10+ years ago, at an average cost of under $10.00 per ounce. I do expect prices to increase long-term, and wish to add to my holdings whenever I believe prices are approaching a low in the cycle.
Comments are welcome.
TCK
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