For those who have been paying attention to the precious metals market last year, it is no secret that the price of silver fluctuates more than the price of other precious metals. In the past year, I have bought silver bars several times, and the price has risen by one or two dollars. More often, I bought a day or two before the price fell sharply. But at this stage of my silver investment plan, price fluctuations won't bother me. That's because I have accumulated physical silver bars for asset preservation and insurance to prevent the possibility of certain economic disasters, not investment.
The best strategy for silver investors to use moderate means to accumulate silver has two components: regular interval purchases, and automatic cash deposits into the block accumulation tool.
I don't have cash assets to buy the amount of silver bars I think I need insurance and asset preservation, even within six months.
Therefore, I must buy silver bars from my normal income. For those with a fixed income, the best way to save the dollar is to deduct from the automatic wage to the savings account or pay 401k per salary. The best way to promote regular silver purchases is to automatically direct the silver investment dollar to the silver bar purchase account. By buying silver on a regular basis, the average purchase price of gold during the year will be very close to the average price of silver bars during the year. Silver prices rise or fall for a day or two before or after a specific purchase has nothing to do with long-term results, as long-term trends rise.
The first component of the best strategy for accumulating silver blocks is to buy them often. Buying is not less than monthly, it is best to receive income. For those who receive a salary every two weeks, this means buying silver twenty-six times a year. Because of the much higher price, it is impossible to use this strategy to buy gold. Buying a few grams of gold every time you pay or once a month is very inefficient. A premium above the melting value is horrendous.
The problem with buying a small amount of silver every few weeks is that, from most sources, a small amount of silver means a higher spot price than silver. Part of the solution to this problem is to automatically fund the silver purchase account as described above. Anyone who pays some form of bill payment on a checking account can arrange for regular payments to their silver purchase account. If you don't pay the bill, I suggest you take it. If your bank or credit union does not offer it, please get a new or other bank or credit union. I have a bank and credit cooperative bill payment, I am free. Of course, if there is no bill payment, each payday can be mailed to a bank purchase account. But this requires discipline that many people do not have.
When I started buying silver bars in 2008, I had to pay for a few salaries to buy a 50-ounce minimum at a premium of 4% below the silver spot price. Sometimes, the price of silver rises a few dollars per ounce, and I accumulate enough price in the checking account to buy 50 ounces. In 2011, the price of silver rose by more than $2 or more in one day. As prices rise and economic conditions deteriorate, the magnitude of price volatility will increase.
A few months ago, I discovered an organization through which I could buy an ounce of silver at or near the spot price. In this company, I can accumulate my silver until it is shipped to me is cost effective. Even if I do not receive any form of compensation or recognition by recommending such an organization, this place is not allowed to be commercialized. To find out the name of the organization and get contact information for the organization, please click on my Silver Investment blog via the link provided below.
I suggest that you start buying silver blocks on a regular basis. In my opinion, this is the best long-term financial insurance you can buy.
Orignal From: Silver Investment - The best strategy for modest accumulation of silver
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