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Or just buy the real thing? The problem is since we can't know the future, it's hard to tell if it's a dip or not. I've bought a small amount in the past year b
by Humphrey 6y ago
Or just buy the real thing? The problem is since we can't know the future, it's hard to tell if it's a dip or not. I've bought a small amount in the past year by deciding on a price that I'll buy at if it drops below that. It worked out for me, buy it could have equally not dropped or plunged. #prettyMuchGambling
- johnyzee 6y agoThe real thing is the best thing, but typically you lose about 10% in transaction costs (dealers have around 5% spread on both the buy and the sell). You can decrease that somewhat with larger transactions, but you'll take a pretty big hit upfront.
- Humphrey 6y agoAbsolutely! Although I've been getting closer to 2-3% for gold. Silver though has a much larger spread, the price has to increase significantly to not loose money.