Silver at $33 — holding?
Spot is $28 right now. Waiting for it to drop more. My premium target is lowest premium possible.
What's your buy strategy when spot moves?
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Spot is $28 right now. Waiting for it to drop more. My premium target is lowest premium possible.
What's your buy strategy when spot moves?
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7 Replies
Bob's right about DCA but I watch the premiums closer since I'm moving volume. Right now generics are running $4-5 over spot, ASEs are $7-8. If you're patient, wait for the $3.50 premium days - they'll come. Been doing this 20 years and spot always cycles. $28 isn't terrible but $24-25 would be sweet.
Been stacking since '08 and learned the hard way - don't try to time the market. I dollar cost average into physical every month regardless of spot. When it dips below $26 I might throw extra cash at it but trying to catch falling knives will burn you. Focus on weight, not price. That $5 difference won't matter when the system breaks.
Anyone else run into this? I thought I was the only one.
LOL I felt the same way. It gets better after a few weeks trust me.
Anyone else run into this? I thought I was the only one.
Dude same. I spent way too long researching before I just pulled the trigger and bought one.
Not sure I agree but I respect the opinion. For me the 1911 Government has been rock solid for 2 months now.