1970 Chevelle LS6 convertible - 10K miles - Mecum

[Lynn]

Originally Posted by 300deluxe

Nice car, but in this market I would be buying silver

I see these quotes all the time. I don't have a crystal ball. Depending upon your time horizon, you may be right. Maybe I should invest in silver. I don't know the future. But I do know history.

People started pushing gold and silver in the 80s.

Let's say I invested $477 in gold in Dec. 1982 (just happens to be the spot price that month). I held it all these years, and now it is worth a tick under $1900 (current spot).

Silver is virtually the same (different numbers, same ratio). Worth about 4 times as in 1982.

Had I invested $477 into a dow index fund, with all the dividends reinvested over the years, I would have approximately 960 times my initial investment, or over $45,000.

The market is hard to stomach sometimes. Sucks when it is down. But it is up about 70% of the time.