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<p>[QUOTE="petro89, post: 1315619, member: 17048"]I kinda agree with the dollar cost averaging as well as the "sometimes you shouldn't buy it or trim the stash". I started buying around $8 and have been buying ever since. I made up my mind that I would sell some when it reached $20, and I did - mostly junk. I waited a bit (as in a couple weeks) and saw that it wasn't stopping so I bought more. I made up my mind to sell some at $30, and I did - again mostly junk and bars that I bought, but I kept the Eagles and nicer coins. I did the same thing around $48 (probably just got lucky with that one). But yes, I bought smaller amounts in more frequent batches...every few weeks. So I rode the ride all the way up and took some profits during the way. When It went to the high 40's I sold about 20 or 25% of what I had left at $48ish, and I hadn't bought anything in a few weeks. Its like anything else...you just have to pay attention to it and don't go all in or out at once. The way I see it out of the 240 oz or so I currently have, half was purchased around $22 on average, and the other half was basically free since it was bought with profits on the ride from 8 to 48. I began studying silver in 2008 and it just made sense that it was going to go up. It still makes sense to me, and I once again began buying a few weeks back...a couple oz every few weeks.[/QUOTE]</p><p><br /></p>
[QUOTE="petro89, post: 1315619, member: 17048"]I kinda agree with the dollar cost averaging as well as the "sometimes you shouldn't buy it or trim the stash". I started buying around $8 and have been buying ever since. I made up my mind that I would sell some when it reached $20, and I did - mostly junk. I waited a bit (as in a couple weeks) and saw that it wasn't stopping so I bought more. I made up my mind to sell some at $30, and I did - again mostly junk and bars that I bought, but I kept the Eagles and nicer coins. I did the same thing around $48 (probably just got lucky with that one). But yes, I bought smaller amounts in more frequent batches...every few weeks. So I rode the ride all the way up and took some profits during the way. When It went to the high 40's I sold about 20 or 25% of what I had left at $48ish, and I hadn't bought anything in a few weeks. Its like anything else...you just have to pay attention to it and don't go all in or out at once. The way I see it out of the 240 oz or so I currently have, half was purchased around $22 on average, and the other half was basically free since it was bought with profits on the ride from 8 to 48. I began studying silver in 2008 and it just made sense that it was going to go up. It still makes sense to me, and I once again began buying a few weeks back...a couple oz every few weeks.[/QUOTE]
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