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<p>[QUOTE="Rono, post: 311979, member: 6492"]Howdy,</p><p> </p><p>It's a good price considering the spot price of silver bullion. </p><p> </p><p>You'd rather have Engelhard or Johnson-Matthey if possible.</p><p> </p><p>Silver predictions? Geez, I wish I knew. I'm playing it long up to my eyebrows with mutual funds, ETF's, individual mining stocks and bullion, but I've been wrong before and will be wrong again.</p><p> </p><p>This is the peak season for bullion with late spring being the weak season. Note that this is an historical pattern, but could be disrupted by any number of unforeseen events - black swans, if you will (e.g. bhutto's assassination).</p><p> </p><p>If it was me, I'd DCA (dollar cost average) into your target holding. This is where you choose a time frame and make regular incremental purchases until you reach the end - and your target holding.</p><p> </p><p>Let's say you wanted to own 100 oz of silver and wanted to get there by June 2008. You could buy 10 oz. every two weeks, or 20 oz. every month. In this way, if the price goes down, you buy for less and if it goes up, you buy for more, but what you own becomes worth more. The net/net is you Average out your purchase price over time to negate market flucuations.</p><p> </p><p>peace,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 311979, member: 6492"]Howdy, It's a good price considering the spot price of silver bullion. You'd rather have Engelhard or Johnson-Matthey if possible. Silver predictions? Geez, I wish I knew. I'm playing it long up to my eyebrows with mutual funds, ETF's, individual mining stocks and bullion, but I've been wrong before and will be wrong again. This is the peak season for bullion with late spring being the weak season. Note that this is an historical pattern, but could be disrupted by any number of unforeseen events - black swans, if you will (e.g. bhutto's assassination). If it was me, I'd DCA (dollar cost average) into your target holding. This is where you choose a time frame and make regular incremental purchases until you reach the end - and your target holding. Let's say you wanted to own 100 oz of silver and wanted to get there by June 2008. You could buy 10 oz. every two weeks, or 20 oz. every month. In this way, if the price goes down, you buy for less and if it goes up, you buy for more, but what you own becomes worth more. The net/net is you Average out your purchase price over time to negate market flucuations. peace, rono[/QUOTE]
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