Is There Ever A Bad Time to Buy Gold & Silver Coins?
– Part 2: Acquisition Tips James Halperin – October 27, 1999 To read Part I of this article, click here. I’m convinced that it’s wise for every investor to develop more of a collector’s mentality, because I’ve never known a serious coin collector who made a single bulk purchase and then quit. Traditionally collectors expect to participate for decades with the understanding that costs will be influenced by current market conditions. Change is one of the few constants in all investor markets. I deal with such uncertainty by making regular acquisitions and cost-averaging my holdings. Let me offer an example to explain this procedure. Let’s suppose your goal is to acquire about $100,000 worth of uncirculated Liberty Double Eagles over a two-year period. I would suggest you purchase as many coins per month as $4200 will buy, until the money is spent. That way, you will buy more coins when the prices are low, and fewer coins when the prices are high. Thus, any temporary dips in price would w
– Part 2: Acquisition Tips James Halperin – October 27, 1999 To read Part I of this article, click here. I’m convinced that it’s wise for every investor to develop more of a collector’s mentality, because I’ve never known a serious coin collector who made a single bulk purchase and then quit. Traditionally collectors expect to participate for decades with the understanding that costs will be influenced by current market conditions. Change is one of the few constants in all investor markets. I deal with such uncertainty by making regular acquisitions and cost-averaging my holdings. Let me offer an example to explain this procedure. Let’s suppose your goal is to acquire about $100,000 worth of uncirculated Liberty Double Eagles over a two-year period. I would suggest you purchase as many coins per month as $4200 will buy, until the money is spent. That way, you will buy more coins when the prices are low, and fewer coins when the prices are high. Thus, any temporary dips in price would w
