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A trip back to 1964 proves Silver creates wealth
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<p>[QUOTE="mikem2000, post: 1542559, member: 30574"]Unfortunately, Past performance does not guarantee future performance. You are also looking at these numbers after 10 years, of a very bullish metal run. If you looked at those numbers just 5 years ago, they would not have looked so pretty. Also, 5 years in the future, they might not look so pretty.</p><p><br /></p><p>One final thought, If in 1964 you took those 3500 coins and bought some blue chip stocks like IBM and AT&T , you would have done MUCH better. In fact if you calculate a modest 7 percent since 1964, that $3500 would now be worth $110,000. Can you say Porsche 911 <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> It also gets better. I can only check back from 1980, but IBM has returned 8% since then. If we can make leap in faith and plug in that return since </p><p>1964 we get $185,000. Also , it is very hard to get a rate of return with the 7 way break up and all the other break ups and sits , but I believe AT&T did much better.</p><p><br /></p><p>You see metals just sit there, but companies grow and that is the main reason why metals should only have a small place in your potfolio.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1542559, member: 30574"]Unfortunately, Past performance does not guarantee future performance. You are also looking at these numbers after 10 years, of a very bullish metal run. If you looked at those numbers just 5 years ago, they would not have looked so pretty. Also, 5 years in the future, they might not look so pretty. One final thought, If in 1964 you took those 3500 coins and bought some blue chip stocks like IBM and AT&T , you would have done MUCH better. In fact if you calculate a modest 7 percent since 1964, that $3500 would now be worth $110,000. Can you say Porsche 911 :) It also gets better. I can only check back from 1980, but IBM has returned 8% since then. If we can make leap in faith and plug in that return since 1964 we get $185,000. Also , it is very hard to get a rate of return with the 7 way break up and all the other break ups and sits , but I believe AT&T did much better. You see metals just sit there, but companies grow and that is the main reason why metals should only have a small place in your potfolio.[/QUOTE]
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