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Was it a mistake to buy silver now?
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<p>[QUOTE="yakpoo, post: 1107920, member: 18157"]Take it from someone that knows nothing about investing, but still does pretty well...the best time to get into an investment is "anytime". Investments are sold in a marketplace; the current price of any investment represents an equalibrium between buyers and sellers. </p><p> </p><p>"If everyone bought low and sold high, the highs would become the lows and the lows would become the highs"...meaning, nobody really knows what's going to happen. An educated guess is the best you can hope for...unless you're Martha Stewart.</p><p> </p><p>The best way to learn how to invest is by doing. Dollar cost averaging is a good way to get started. Dollar cost averaging keeps your mean (average) price below the median price...regardless of market movements. </p><p> </p><p>Silver could go to $60/Oz or it will go to $15/Oz (personally, I think it will go lower...but what do I know?). Just dollar cost average for a while until you figure it out for yourself.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1107920, member: 18157"]Take it from someone that knows nothing about investing, but still does pretty well...the best time to get into an investment is "anytime". Investments are sold in a marketplace; the current price of any investment represents an equalibrium between buyers and sellers. "If everyone bought low and sold high, the highs would become the lows and the lows would become the highs"...meaning, nobody really knows what's going to happen. An educated guess is the best you can hope for...unless you're Martha Stewart. The best way to learn how to invest is by doing. Dollar cost averaging is a good way to get started. Dollar cost averaging keeps your mean (average) price below the median price...regardless of market movements. Silver could go to $60/Oz or it will go to $15/Oz (personally, I think it will go lower...but what do I know?). Just dollar cost average for a while until you figure it out for yourself.[/QUOTE]
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