"Its how many ounces you have...don't worry about price"

I've heard this comment ("it's not a question of price but how many ounces you have..") with respect to silver investing frequently by silver proponents and would like to make a brief comment about this. There are others that propose using a monthly buying strategy no matter what the price and dollar-cost average because eventually the price of silver is going "much higher". 


As an investor, I disagree with such advice and would like to warn prospective and existing silver investors from doing careful consideration before adopting the above thinking and strategy. I think a more savvy and smarter investor would hold cash in anticipation of market dips and corrections before accumulating more silver. Silver, like any other commodity is not going to go up nor go down in a straight line--It will zig-zag it's way up north of USD100/ounce eventually. At times when silver presents a buying opportunity (ie on dips), you may want to think about buying some more. By adopting this strategy, you'll probably end up with more ounces of silver then somebody else who bought at monthly intervals disregarding price.


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