"Once a bull market gets under way, and once you reach the point where everybody has made money no matter what system he or she followed, a crowd is attracted into the game..."1 Warren Buffett
But the bull market might not endure much longer by the time everyone agrees that moment is achieved. In fact, when everyone knows that a market is in a bull market, it is much more likely that the market will approach an inflection point. If attitude changes, there may be a risk that everyone may try to sell and run for the exits.
“The longer the bull market lasts the more severely investors will be affected with amnesia; after five years or so, many people no longer believe that bear markets are possible.”2 Benjamin Graham, the father of value investing
I can prepare for the next bull market by continuing to purchase silver even when prices are declining, even if it is impossible to predict when one will begin.
It reduces my average buy-in cost by using a dollar-cost averaging approach, which involves the recurring purchase of silver for a fixed dollar amount.
This eliminates the need for me to "time the market" or decide when to enter the market when it recovers, which is always the case.
Silver is bought as an investment, just as gold. The price of silver is influenced by many factors, such as inflation, interest rates, monetary policy, and currency market activities, in addition to industrial demand.
In addition to its potential for price growth, silver also serve as a significant hedge against a variety of intergovernmental and economic problems. Silver, like gold, has the ability to act as a hedge against the depreciation of paper money. As fiat currencies tend to depreciate over time, silver is able to preserve its value better, perhaps maintaining purchasing power.
I bought this beautiful piece in 2022. It is by far my best buy with the most attractive premium. Its lovely design and very low premium made this coin a great purchase!
Reference
1https://money.cnn.com/magazines/fortune/fortune_archive/1999/11/22/269071/
2 https://mastersinvest.com/bullmarketquotes
https://silverprice.org/silver-price-chart.html
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