Commodity Trade Mantra

Posts Tagged ‘Dollar Cost Averaging’

You Should Be Dollar-Cost Averaging Your Gold Purchases

Dollar-cost averaging is a “set it and forget it strategy.” You’re simply committing to pay the average cost for gold per ounce over time. That way, you don’t need to worry about timing the market. All you have to do is make gold purchases of a set dollar amount regularly, no matter the price. This saves you from worrying about whether you’re getting a good price.

Is This The Right Time To Get Into Gold?

Despite what is likely to prove short term weakness, the smart money is gradually accumulating gold on the dips. Dollar cost averaging remains prudent for buyers who wish to have an allocation to gold bullion but are concerned about further price falls.

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