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<p>[QUOTE="myownprivy, post: 3329901, member: 84588"]Like any investment (because it sounds like you are trying to make money doing this) the best advice is to be consistent. Spend a consistent amount of money on a consistent basis buying silver (or gold, or stocks, etc.). It doesn't matter if silver is $15 per ounce or $30. Spend the same amount of money on it at the same intervals. </p><p><br /></p><p>You do not possess the ability to know the market, so trying to time your buys or sells is nothing but a gamble. </p><p><br /></p><p>How do you plan to exit? Perhaps decide on a long term plan: "I will sell and exit the pm market when silver reaches $50 per ounce." I will sell silver whenever I need extra money. I will sell my silver when I buy my first home. I will sell silver to help my kid pay for college. I will sell my silver only if all my other investments fail and I need money to survive. Whatever it might be.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3329901, member: 84588"]Like any investment (because it sounds like you are trying to make money doing this) the best advice is to be consistent. Spend a consistent amount of money on a consistent basis buying silver (or gold, or stocks, etc.). It doesn't matter if silver is $15 per ounce or $30. Spend the same amount of money on it at the same intervals. You do not possess the ability to know the market, so trying to time your buys or sells is nothing but a gamble. How do you plan to exit? Perhaps decide on a long term plan: "I will sell and exit the pm market when silver reaches $50 per ounce." I will sell silver whenever I need extra money. I will sell my silver when I buy my first home. I will sell silver to help my kid pay for college. I will sell my silver only if all my other investments fail and I need money to survive. Whatever it might be.[/QUOTE]
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