Hi there, iv only been stacking or the past month so thought id ask the more experience stackers, with silver rising should i continue buying at the current price? since i purchased 2 weeks ago for $35 the price for the same silver is now $39.20, should i keep buying or wait for it to drop again?
There's no right answer to that question. I've bought at $10/oz and also at $45/oz and everywhere in between. The more important question is to ask yourself why you are stacking in the first place. Once you know the why, then you'll have your answer.
Then the answer is yes. Save your money and dollar cost average your position until it is time to sell ... But like all things, make up your own mind.
Depends on your expecations of returns, how much spare money you have and what priorities you have in life, financially-speaking (and maybe even morally-speaking). Plus your tolerance to seeing your invesmtnent dip in price too. Do you have the stomach for it? In other words, only you can answer that. If investing in silver is not going to tie-up your precious resources from more fruitful endeavours and if you can 'risk it', then by all means consider it. Every investment carries some risk though.
Don't ask for opinion, no one can give you the right answer. Go with your feeling. hint Any express move, should buy bigger bars like 100 oz. 1 oz move the scale of x 1 10 oz = X 10 100 oz = x 100 Silver up $6 = $600 That's the way to go...
Yeah hard to tell, I was wondering the same, feels like a good time to buy if rates drop. Like someone said above buy KG bars if you can, Even if via unallocated on goldstackers over a period.. you will lose less if market falls as opposed to high prem coins,
I feel like I'm in the same boat. Started stacking 2 years ago and has been a lot of sideways in that time. It has let me build a stack that I'm happy with but I have always been able to dollar cost down. now I'm in the black with almost every piece I own and am finding it hard to put more $$$ in for less oz's.
I'm in that boat with Redemer. I budget to buy a certain amount a week. While I watch a bit longer I won't be going over my budget!
Simple answer, if you think silver is going to keep rising then u should buy, but if you think silver is going to drop then you should wait for the pull back
Platinumgirl, The answer depends on a number of qualifiers....all personal and individual. So my answer won't necessarily be a "yes" or "no", simply it's my commentary for you to consider. For me, buying at USD $20 - $30 means that I am making low cost purchases compared to when I first got into buying precious metals when spot silver was well over USD $30. Earlier this year I stated that 2016 was the year of the rise of the Silver Phoenix from the ashes....meaning that I believed and still very much do, that 2016 will mark the beginning of a new bull market in precious metals. Only when a bull market is long underway does the general public tend to get a clue and jump on board....driving up prices. So, if you suspect as I do that we are in the beginning of a legit bull market, then be aware that the prices will go higher with the normal price volatility along the way. Now of course my crystal ball is broken so therefore I can not know the long term future, but general sentiment tells me that I am likely right. I like polished silver....it's shiny. .
PlatinumGirl, For what it is worth keep stacking, but stack the more generic bars as the premiums are much lower. You said that you have been stacking for a month and that you were buying for $35 an ounce (I presume), a month ago the Silver spot price was ~$22 an ounce, so I will guess you brought some (semi) numismatic coins, Perth Mint perhaps and those are good, particularly if you will want to sell for profit at a later date. I started stacking Oct 2015 so I'm not that much ahead from you. My goal is to get at least X oz of silver per year and I am already past 1 'years' worth. While I would like silver to stay low for a much longer time than it has, i also know that there will be fluctuations. I still maintain my X oz per month, as I am stacking for wealth preservation, not for profit per se, so for me personally the price and form (bar, coin, or blob are all the same to me) matters less than for someone who wants to sell nice shinies (My precious) for profit. Perhaps one way of looking at this is not what an ounce costs in $$ now, but what an ounce can buy now vs what it could buy when you were younger. I'm 50(ish), in my youth I could get minimum chips and a can of drink for 50c, now the same would be closer to $8 or 16x the difference, if I was to pay in silver it would be 1/7th oz (~3.50 oz in 1976) then and 1/3rd (ish) oz now or ~2.5x increase. In the long run your stack will preserve your wealth, sometimes it will trend up, sometimes down, but will hold its value over the long term relative to currency regardless how much an ounce costs at any given time. So keep buying is my recommendation. If you think it will drop again soon then wait else just continue with your buying plan as normal. I wish you well no matter what you decide.
