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<p>[QUOTE=&quot;cphine, post: 757797, member: 20940&quot;]Got to thinking more on this...</p><p>&nbsp;</p><p>Metals investing is also like stock investing.&nbsp; You are well served to dollar cost average your way into a holding.&nbsp; Don&#039;t buy all the silver you are going to buy at one time.&nbsp; Had you done that a week ago, you&#039;d already be down with the $1.50 drop in spot we&#039;ve seen. </p><p>Making consistant purchases over time, say monthly, when the price is low and when the price is high, will average you into a good overall price. </p><p>&nbsp;</p><p>I personally sepparate my numismatic collection/investing from my bullion purchases.&nbsp; I wrote this on another thread, but avoid buying slabbed silver eagles.&nbsp; Spend the premium dollars saved on....more silver eagles! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>I keep a spreadsheet of every individual purchase I make showing what I bought, how many units I bought, how many ounces a unit is, the price I paid, the shipping (if any) I paid, what spot value was at the time of purchase (useful for tracking premium ups and downs), gold/silver ratio at time of purchase, and other data that provides info on my holdings.&nbsp; I&#039;m a data nut, but having all this info in one place makes tracking how you are doing all the easier over the long term.&nbsp; You can instantly grab your total dollars spent vs the current value, etc.</p><p>&nbsp;</p><p>At least once, when you get a decent looking stack, film yourself in front of it while tapping your fingers together, bellowing an evil laugh, and nodding up and down.&nbsp; If you have a mustache, you may also try twisting it with your fingers instead of the tapping.&nbsp; This doesn&#039;t really serve any purpose, but it makes you feel good. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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