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<p>[QUOTE="Collecting Nut, post: 3329233, member: 74863"]Billion silver is an investment, a long term hold. You either buy or sell it you'll go broke trying to flip it.</p><p><br /></p><p>So you want to sell. Simple, sell at the highest possible price.</p><p><br /></p><p>Buying is more complex. You buy and hold. The price goes up or it goes down. You buy more, adding to what you already have. Don't consider the midpoint that you speak of. </p><p><br /></p><p>Why would anyone want to sell when the price goes up daily? When the PM's increase the selling of them drops off but the buying goes up. Everyone wants to make a quick buck.</p><p><br /></p><p>So you buy an ounce of silver at $18.00 and the price drops to $16.00. You buy another ounce. Now you have 2 ounces at an average cost of $17.00. Silver only needs to go up one dollar to break even(fees not factored in). If you bought 1 ounce at $18.00 and it dropped to $16.00 you buy 4 more ounces. Your total investment is $82.00 or $16.40 per ounce.</p><p><br /></p><p>Forget the buying strategy you suggest as it will do nothing but cost you money in the long run.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 3329233, member: 74863"]Billion silver is an investment, a long term hold. You either buy or sell it you'll go broke trying to flip it. So you want to sell. Simple, sell at the highest possible price. Buying is more complex. You buy and hold. The price goes up or it goes down. You buy more, adding to what you already have. Don't consider the midpoint that you speak of. Why would anyone want to sell when the price goes up daily? When the PM's increase the selling of them drops off but the buying goes up. Everyone wants to make a quick buck. So you buy an ounce of silver at $18.00 and the price drops to $16.00. You buy another ounce. Now you have 2 ounces at an average cost of $17.00. Silver only needs to go up one dollar to break even(fees not factored in). If you bought 1 ounce at $18.00 and it dropped to $16.00 you buy 4 more ounces. Your total investment is $82.00 or $16.40 per ounce. Forget the buying strategy you suggest as it will do nothing but cost you money in the long run.[/QUOTE]
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