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.
" Black flies have been far worse than the mosquitoes... they leave oozing welts, even blood running down your legs/arms. Not many lakes down here on the prairie and they are over run with the same ski crowd. Minnesota River has decent fishing for walleye and big flathead catfish though. "Reply To: How off the mark am I? Or am I?
" @Mammoth I would not mind doing direct deals if the Doc did not sell bullion on the site, I don't think it is right to "steal" customers from someone paying to keep the site up and running :)
And I don't have any Numism... "Reply To: How off the mark am I? Or am I?
" @MaryB That is what I was afraid of...seems like you are doing the best that you can with the availability!
Man, aren't the mosquito's like hummingbirds when the weather gets hot? I do admire you for being able to live ... "Reply To: How off the mark am I? Or am I?
" Mammoth you won't find dimes under $1.75 anywhere online unless you can buy huge quantities. Small stackers like myself who are happy to grab $3 face of dimes here and there pay what you have to. And I prefer USG 90% coins over generic rounds. "Reply To: How off the mark am I? Or am I?
" @coinbuysell - actually, some of us folks here on SD have done coin deals with other members, we just keep it 'under the wire.' I myself have done three - and yes there was a 'trust-factor' involved - but all three de... "Reply To: How off the mark am I? Or am I?
" Next month is May, and we all know that saying:
"Sell in May and walk away."
In other words - from now until Labor day - the PM market may continue to be a real yawner.
Having said that, there is always the possibility of a price-shock due to world events. "Reply To: starting to get worried. Any ideas?
" Look out in SW Minnesota and see how many big cities there are, I live in a town of 280 people, 2 nearest cities are 6k and 12k population. One has a "coin store" in the pawn shop. He wants $5 for a single dime. So I buy online and get what I can find cheap. And it is very rare to find dimes anyw... "Reply To: How off the mark am I? Or am I?
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