Quote:
Originally Posted by 300deluxe
Nice car, but in this market I would be buying silver
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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.
02-07-2023, 07:47 PM
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