Dollar-cost average into gold and silver
Short answer: Pick an amount you can keep up, buy on the same day each month, include the premium and shipping in your cost, and track your average price per ounce as you go.
Choose the amount and the day
Dollar-cost averaging works best when it is boring and automatic. Choose an amount you can afford every month without strain, and a day that suits you.
- A fixed amount in your own currency
- The same day each month
- One metal per plan, or a fixed split
Count the true cost
Include the premium, shipping and any fees, because they are part of what the metal costs you. A small order with high shipping can raise your average noticeably.
Track your average
Add up what you paid and divide by the total ounces. The DCA calculator shows how a fixed amount behaves across different prices.
Review but do not tinker
Check your plan every few months. Change the amount when your budget changes, not because of a day's price move.
Questions
Is DCA better than buying all at once?+
Not always. It reduces the risk of buying at a bad moment, but if prices rise steadily, buying everything first would have cost less.
How do I keep premiums down on small buys?+
Compare dealers each time, combine orders to share shipping, and watch the premium over spot using the calculator.