as a first time buyer of gold (i recently bought some silver) would now be considered a good time to buy or would you anticipate a even bigger dip following the recent all time high?
If you are buying more than $50k worth than scan the market for the best price. If less than $50k than you should already have bought it yesterday !
I would suggest cost averaging. It is almost impossible to time rises and dips in the short term but in the long term if you are confident that silver would be much higher say pass $50 then a dollar or two dip wont make a difference.
Not even... spot was a lot higher when I bought my first ounce of gold last year, and the dollar was against me as well if I remember right. I would say any time its under 1400 is without a doubt good buying.
I was a bit sarcastic - who has $50 k lying around nowadays ? Just buy and dont look back - till you sell back
I have been on the forum for around 8 months. And people then were asking the exact same question. DCR if you can but i would be wary of doing it over too long a time frame. Bull markets forgive your timing if it is off a little bit and isnt perfect.
Only you can decide when the right time is to buy and you do so with the best knowledge you have at hand. Silver could shit itself tomorrow and you could spit chips because you bought at $36 today. Silver could go to $40 as well and you could still spit chips - for not buying today. As with all investment choices, it ultimately comes back to you. Since I'm long on physical, I simply cost average when I can afford it. Trying to buy 'dips' when you have a very small (or no stack) and are only buying 10 ounces here, 20 ounces there is largely a waste of time. If you're in the game for the long haul, then what's a buck or two difference at the end of the day? I measure my stack in ounces held, not fiat dollars spent.
Wise words. Get your head around that and you have a new view of the world. Embrace the beauty of the "AND" and you have arrived in that world, waiting for others to join you. Buy now AND buy later.
I'm only new to this game but I subscribe to this sort of philosophy. In several years time when the price is through the roof you wont be thinking 'oh I wish I bought on a dip and saved 50 cents on the spot price' ............. You will be counting your ounces and multiplying them by the the awesome (hopefully) price of spot!