FAT SEXY said:

---

Hungry Ojos said:

---

Still though, I'm not sure how silver could ever be attractive given performances like this…

---

Silver is a long hold. When in doubt, zoom out...

Let's go just by spot price and look at some long term numbers for grins. If you had put $10k into Silver in September of 2000, it'd be worth about $47k today (4.7X increase)

In that same time period the S&P 500 has went up 3.18X (before any dividends at what not)

You could sell that Silver privately without paying a capital gains tax, you could not do that with your S&P stock.

---

maddiedou said:

---

I do not come here for advice that is for sure and my damn blue reminder goes off and I come to this thread

Why does that make you mad because I disagree with you and my remark was accurate hell just look at the posts above
about people defending their posts and basically making hungry defend his statement

I do not want to go back and read thru all the posts but there was alot of buy silver now it can only go up and I even responded then and got lambasted

I am a coin collector and I even posted then that a ms 65 morgan dollar in 1965 was worth 8-10 dollars and today it can be worth 50-70 dollars So 55 years later I would have made 60 bucks. Terrible investment but I like and enjoy the one hobby besides garden

I have lost more than hungry in just paying/buying coins like a 1200 morgan and it coming back cleaned worth 100 maybe

And no outdoor not looking for a internet fight but I absolutely knew it was coming

So I will bow out of the silver thread and quit posting and in 6 months it will quit blue reminder

---

FAT SEXY said:

---

I typically don't like to compare Precious Metals to stocks.. I only used that example because it is a recent gauge against something that a lot of people invest in and to highlight how silly it is to come to conclusions on performance based off of 6 month price fluctuations. Trying to flip metal quickly is a fools errand.

While it is worth noting performance in the 70's and 80's, it might as well be ancient history now. I wasn't even alive then. I'm just looking at numbers since around the time that I entered the work force. Silver and especially Gold have beaten the S&P 500 since 2000. This is really impressive when you factor in the cocaine(also known as QE) that the Fed pumps into the markets to keep them going. It's also impressive because we know that their prices are suppressed in the paper markets.

Silver and Gold will hold value throughout time and in every economic system. 500 years from now when the DJIA is just a subject in a history book, Gold and Silver will still be worth something. A lot of us view them as a risk off avenue of wealth preservation because of this. I don't look at them as an investment. I also don't put all of my eggs in one basket.

You talking about selling in hard times doesn't really make a valid point to me. Trying to sell anything in hard times will be more difficult, so why use it to try and make a point about PMs?

Buying/Selling Gold and Silver isn't for everyone. You have to have strategy and knowledge on where to buy and where to sell to get the most value.

Him just chunking $12k down all at once when premiums were at all time highs and then getting mad about it when prices come back down kinda just makes me laugh. He made a bad move and then wants to cast blame on this thread for it.

---