By: John Fisher
With the price of silver now below $19 what should you do? I have been asked thatfrequently today. Here’s my advice:
1. If you’re concerned that it may go lower, it might and it might not. My suggestion – silver is an excellent buy below $19 no matter what. If it goes lower, buy some more if you are able. If it goes higher, you’ll be glad to have what you already purchased. You don’t have to buy a large amount – just buy a portion – maybe half of what you would allocate.
2. You want to buy more but you are waiting to see if it goes lower. My suggestion – don’t get greedy. Over eighteen years I have witnessed numerous investors pass up a good opportunity only to never exercise a purchase and watch prices run up on them. Divide your purchase amount in half and purchase the first portion now and keep the other half on the back burner in case prices do go lower.
3. If you have purchased your full allotment, don’t fret. Average down if you can, even with small purchases. If not, continue to hold. Do not entertain selling unless you truly need the capital. Be patient – prices will rise.
In summary, now is an excellent time to add, but not with all of your funds. Divide your available investment dollars in half or thirds and purchase the first installment now.
All Things Considered – John’s Commentary:
When silver drops below $19 we always add to our holdings. Here are the current “best buys” in silver right now:
100 oz. silver bars at spot plus $0.99 in quantities of (5) bars or more with free shipping. Smaller quantities at $1.09 over spot plus $25 shipping
1 oz. silver round ingots at $1.19 in quantities of (500) or more with free shipping. Smaller quantities at $1.49 over spot plus $25 shipping
US Silver Eagles at $2.95 over spot per case (500) coins with free shipping. Smaller quantities at $3.45 over spot plus $25 shipping
