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Got an APMEX alert that silver had hit $17.25
Course last night I bought some before it dropped $.30 Such is life.
I try to buy a little here and there and a while back when it first was playing around the $20. spot mark for a while made the decision that if it went down to where we could get XX number at around $20. an ounce delivered, then I'd pry open the wallet, fight the cobwebs and pull the trigger on a quantity.
This brings a lesson in setting lines, tripwires, whatever you want to call it. Now it may go to $15. an ounce for all I know, and so be it if it does.
But MY trigger point was $20. an ounce delivered (paying premium on a nice coin- Maple Leaf). I missed one chance last week doing the hem and haw BS and I kicked myself for it.
Yes, it may go to $15. spot and $18.50 or so delivered, dunno. What I do know is that the price I paid was at MY trigger point.
Get used to setting realistic trigger points and ACTING when you get to those. Whether it's something like "if I ever can't pay off this CC bill every month I'll cut it up and be done with it" or "if riots start in 3 major US cities, I'll begin my BO plans."
People without decent plans and decision points/trigger points WILL WAIVER. They will "hem and haw" like I did over the first chance to make this purchase.
Be ready.
Course last night I bought some before it dropped $.30 Such is life.
I try to buy a little here and there and a while back when it first was playing around the $20. spot mark for a while made the decision that if it went down to where we could get XX number at around $20. an ounce delivered, then I'd pry open the wallet, fight the cobwebs and pull the trigger on a quantity.
This brings a lesson in setting lines, tripwires, whatever you want to call it. Now it may go to $15. an ounce for all I know, and so be it if it does.
But MY trigger point was $20. an ounce delivered (paying premium on a nice coin- Maple Leaf). I missed one chance last week doing the hem and haw BS and I kicked myself for it.
Yes, it may go to $15. spot and $18.50 or so delivered, dunno. What I do know is that the price I paid was at MY trigger point.
Get used to setting realistic trigger points and ACTING when you get to those. Whether it's something like "if I ever can't pay off this CC bill every month I'll cut it up and be done with it" or "if riots start in 3 major US cities, I'll begin my BO plans."
People without decent plans and decision points/trigger points WILL WAIVER. They will "hem and haw" like I did over the first chance to make this purchase.
Be ready.
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