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Silver and Gold: How do I Tolerate Buying Silver or Gold at High/Low Spot - Low/High Spot Prices?

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Uploaded by on Jul 4, 2009

In this video I explain the necessity of buying silver on a cost-average basis. In order to accumulate weight in Silver, you must buy on a steady basis. Example: If you contribute (auto-deduction) into a 401k (201k in todays terms) you're contributing a certain amount of your paycheck each and every payday. At the end of each payday, the cost of the fund in price may or could be up or down. It's always nice to get the funds cost at a low. But even if you don't. You're accumulating shares every payday. Regardless of cost. This is the same way that I buy silver regardless of price (now of course if I feel it's over-bought I may wait some time) But if I say that's just too high right now. What's the chance that I'll spend that money on something else. Are you disciplined enough? I don't trust myself honestly. My experience is that it will go elsewhere.

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