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<p>[QUOTE=&quot;Sunbird, post: 8287379, member: 116324&quot;]My two cents:</p><ol> <li>Be sure to buy on the dips. Always. Margins are too tight to be buying on arbitrary days and prices. You can define your own dips by tracking a moving average and setting a threshold below that moving average. For example, you could track the 200 day MA, and buy when the spot price is at least 1% below that average. Or 2% or 5% or whatever. You can play with it to figure out what threshold makes the most sense for you. The 200 day MA is a standard period in the metals trading industry, which is why I mention it – you can find the data easily by searching on DuckDuckGo or whatever. Or you can go by shorter-term MAs, like 30 or 90 days. If you want to commit to buying silver every month, like dollar cost averaging, you can come up with a trigger threshold that is likely to happen most months (there&#039;s no guarantee that you&#039;ll see a particular threshold happen – you&#039;ll have to play with it).</li> <li>If you buy physical bullion, find the lowest prices. This seems obvious, but lots of people overpay for various reasons. The lowest prices are from online dealers. Last I saw, the lowest prices in the US were at SD Bullion, Silver.com, Bullion Exchanges, and recently JM Bullion when they changed their pricing strategy. You&#039;ll have to check these and other dealers to make sure when you buy because the lowest priced dealers aren&#039;t fixed – they sometimes change. JM Bullion owns Silver.com, and they set it up so that Silver.com was the aggressively low priced dealer and JM Bullion was the moderate priced dealer with the larger selection. But then a few months ago I saw JM Bullion undercut everyone else, so they must have changed their strategy. I have no idea if that&#039;s still the case. Also, never use a credit card to buy – the card prices are about 4% higher at all dealers because of the fees (debit card interchange fees for cards issued by major banks are extremely low at 0.05% plus 21 cents, so dealers should offer check prices for those, but they don&#039;t – their payment processors might not offer the option to do so).</li> <li>The best premiums are through pooled accounts, allocated, unallocated, silver ETFs, etc. Buying retail physical silver has the highest premiums. Those premiums shot up near the start of the pandemic, have dropped some since, but are still higher than before the pandemic. No idea when or if premiums will return to pre-pandemic levels. I have a good snapshot of premiums just before the pandemic, in early 2020, in <a href="https://docs.google.com/spreadsheets/d/17yuwYFlvNZUo0MYgSmc4PE1EAKqvYoh6kulvNDgiDNM/edit?usp=drivesdk" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://docs.google.com/spreadsheets/d/17yuwYFlvNZUo0MYgSmc4PE1EAKqvYoh6kulvNDgiDNM/edit?usp=drivesdk" rel="nofollow">this Google spreadsheet</a>. Outfits like OneGold are pretty good for buying silver without taking physical possession of it – I forget whether it&#039;s allocated or not. It&#039;s a joint business of APMEX and I think Sprott. (Don&#039;t buy physical bullion from APMEX though – they&#039;re one of the most expensive dealers in the US, but that doesn&#039;t apply to the OneGold outfit.)</li> </ol><p>By the way, Texas Precious Metals is the one dealer I know of that offers automatic threshold buying, like what I mentioned in point #1 above. This is called &quot;limits&quot; in the investing world, and is common with stock brokers. TPM has a good reputation in the industry – another dealer told me they were &quot;good people&quot;. They&#039;re kind of niche in having a limited selection of inventory compared to the big players like SD Bullion, JM Bullion, etc. I&#039;m not sure what the details are with their automated buying, like what sorts of variables and conditions you can specify, but they&#039;re the only dealer I know of that offers this. If I was a dealer, I&#039;d offer a very rich tool for automated purchases.[/QUOTE]</p><p><br /></p>

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