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<p>[QUOTE=&quot;rysherms, post: 1751859, member: 46631&quot;]bad news for you chief...licensed financial adviser for 5 years. in fact, my credentials have been enough for judicial testimony in high profile cases. and whereas you may have pulled a definition offline and think you have an understanding of it; by purchasing a specific thing (silver in this case) at VARYING intervals, in VARYING amounts, you very well are DOLLAR COST AVERAGING. what you have defined is a simpletons version or rather, understanding of the CONCEPT. for example...if mr john doe purchases $1000 worth of silver at $20/oz, and then silver falls to $10 an ounce and he buys $2000, your argument would be that mr doe has not utilized dollar cost averaging...which would make you wrong. in fact, his dollar cost average is $12/oz.</p><p>&nbsp;</p><p>the patronizing tone is for your layman understanding and resulting ignorant interpretation of a definition and taking it at its precise wording.</p><p>&nbsp;</p><p>talk to me when you have $300,000,000 under management and a client worth $35mil calls you and wants to know what he is in for, per ounce of gold, and you reply to him that as a result of my financial advice he is in at $733.50/oz and he sends you another $10mil to invest for him. his 15 gold purchases made at IRREGULAR intervals in IRREGULAR purchase amounts result in a DCA of $733.50/oz...if you worked at my old firm you would be the guy who could repeat the series 6, 7 and 2-15 booklets verbatim, but drives a 92 Corolla to work and cannot understand why....shmuck[/QUOTE]</p><p><br /></p>

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