I have learnt when investing in precious metals, regardless of which position you are building up, you should not use debt to build up your position, you should have a steady stream of income, and you should never touch your core position unless there is an extreme emergency.
The "core" position is basically like your retirement savings. If you dollar cost average in, there's no price that is too expensive for the "core" position. This position is your long term holding that you should never plan to sell unless there's an insane price movement (something like a 700% price increase within a year).
The "core" position is basically like your retirement savings. If you dollar cost average in, there's no price that is too expensive for the "core" position. This position is your long term holding that you should never plan to sell unless there's an insane price movement (something like a 700% price increase within a year).
