Don’t invest in silver, they said. It’ll never pay off, they said. It’s just a shiny metal, it’s not like real dollars, they said.
Hmmm, considering the average price I paid was $19/ounce and the average price that I sold was $24; I’d say I’m doing pretty well with a 26% return.
None of that ridiculous “dollar-cost averaging” junk - that’s a sales pitch to get you to fork over $X/month to purchase bullion, no matter the price.
It’s ok to just go ahead and buy lower, then sell higher. The only way you can do this is to lose the emotional attachment to bullion as some kind of saving grace. If you’re convinced it is, you’ll never pull the trigger to sell.