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Anyone else buy silver lately?
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<p>[QUOTE="geekpryde, post: 1442022, member: 36248"]Yes, I think this is a better approach. For instance, I invest the same amount of money in a Vanguard target retirement fund (made up of passive index funds), each and every week, been doing that for several years and will do so for another 35 until I retire. Buy more when it's cheap, less when it's not so cheap. I love it.</p><p><br /></p><p>I guess my $1.00 face comment was more about the current price of silver. I cant afford to put anymore than $20.00 a week into silver for now, and I think that's probably around $1.00 face currently in 90% silver. But, I am not sure the local places (pawn shops mostly), will sell me less than $1.00 face, not matter how much silver is an OZ. So, if silver tanks, no worries, I can still buy my $20 a week. But if at some point silver shoot back to $50/oz, I dont think they will let me buy anything for my $20 a week, since it will be less than $1.00 face value worth of coins. But I guess when that time comes, I'll push them on the minimum policy.</p><p><br /></p><p>Thanks for the reply! :yes:[/QUOTE]</p><p><br /></p>
[QUOTE="geekpryde, post: 1442022, member: 36248"]Yes, I think this is a better approach. For instance, I invest the same amount of money in a Vanguard target retirement fund (made up of passive index funds), each and every week, been doing that for several years and will do so for another 35 until I retire. Buy more when it's cheap, less when it's not so cheap. I love it. I guess my $1.00 face comment was more about the current price of silver. I cant afford to put anymore than $20.00 a week into silver for now, and I think that's probably around $1.00 face currently in 90% silver. But, I am not sure the local places (pawn shops mostly), will sell me less than $1.00 face, not matter how much silver is an OZ. So, if silver tanks, no worries, I can still buy my $20 a week. But if at some point silver shoot back to $50/oz, I dont think they will let me buy anything for my $20 a week, since it will be less than $1.00 face value worth of coins. But I guess when that time comes, I'll push them on the minimum policy. Thanks for the reply! :yes:[/QUOTE]
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