One of the biggest difficulties of buying silver is knowing when to buy due to the volatility of the precious metal market. Dollar Cost Averaging is defined by Dictionary.com as, "a system of buying securities at regular intervals, using the same amount of cash for each purchase, over a considerable period of time regardless of the prevailing prices of the securities, resulting in having bought the total at an average cost." Translated to the Silver market, that means to buy what silver you can, with what money you have, on a regular schedule.
Look at the chart below to see all of the purchases that one customer has made with Quality Silver Bullion since 2009:
This customer has placed 15 separate orders for a total of 3075 ounces of silver. On a few of the orders they paid around $40 per ounce, but because they purchased on a regular basis, despite the fluctuating spot price, their average cost per ounce is just $22.99.
We at Quality Silver Bullion recommend that investors buy silver regularly with the money that they feel they can spare. Do not go into debt to buy silver, but buy it when you have the money to do so. Whether it is 5 ounces a week or 1000 ounce a month, the best way to buy silver is to Dollar Cost Average your investment.
Watch this video to see a quick explanation and example of Dollar Cost Averaging:
The best way to buy silver bullion is to get it as cheaply as possible, and the only way to do that effectively is to buy in bulk from a reputable dealer... Sometimes buying the more expensive collector coins can be a good investment to...
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