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<p>[QUOTE=&quot;coinsternation, post: 551575, member: 15508&quot;]:high5<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> Nope, She died from old age, 7 yrs ago....I am glad I sold her short term investments. )</p><p>&nbsp;</p><p><span style="color: black"><font face="Verdana"><font face="Georgia">I think everyone should have “SOME but not ALL” wealth in Silver and Gold and Numismatics.</font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">In 1987 I bought several Silver bars @$7.00 Per oz.&nbsp; I was 21 years old and I was told it was the way to go.&nbsp; I was just learning about investing and as a young man just starting life. </font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">By 1992 Silver fell and was priced around $3.70 to $4.00.&nbsp; I thought it was a great potential BUY, but I still had the silver bars I lost money on and as a joke I tossed one bar of silver by my office door as a door stop. I showed it to my brokerage clients as an example of BUY and HOLD.&nbsp; (SIX YEARS of no return BY 1992)</font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">By 1997 Silver was still under $6.00.&nbsp; ZZZEEEERO RETURN over 10 years!</font></font></span></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">Very Sad....&nbsp; The Rule of 72 would have said that a 7% bond or FDIC ins. CD, (7% was easy to get in 1987 to 1994) would have doubled my money in 10 years…</font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">I took my Silver bars and sold them at a loss and ended up with @ 7k.&nbsp; I took the 7k and bought a small $140,000 house in 1998 in Southern California.&nbsp; By 2003 I sold the house for $425,000.&nbsp; It was a crappy 1900 sq foot house and I never imagined it could do that!&nbsp; </font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">I am so glad that the silver did not do a dang thing for 10 years because I have those ten one hundred oz bar door stops to thank for my wealth. </font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">I spent some of those house proceeds on my first Pan Pac. I sold it for a profit a year ago!&nbsp; I recently bought a great house using the 84k I received from my Pan Pac and thanks to that first poor investment in Silver back in 1987, I should make out on real-estate again! </font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">FYI... NOT ONE CLIENT WAS really ecstatic WITH THEIR GOLD/SILVER Bullion or Stocks or futures investments during the 20 years I tried to believe in the concept. I personally stayed true to it as a collector but no one really wanted to continue with it in the dot-com boom. </font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">The years between 1987-2007 were not good for Silver.&nbsp; </font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">I have been buying coins for those 20 years but never in Bulk or with money I felt was my core nest egg.&nbsp; What about those poor saps that put in massive amounts of money in silver last year @19 to 20 dollars per? </font></font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"><font face="Georgia">As I said before, you must educate yourself and know what your goals are.&nbsp; Right now, paying a 40% premium for Silver American Eagles may be a dumb idea.&nbsp; But I keep a few around just incase you want to give me the benefit of the 40% bonus!</font></font></span></p><p><br /></p><p><font face="Georgia">SLV, GLD, Coins, Oil, Real-estate, and any other investment is good as long as you know why you want it.&nbsp; </font></p><p><br /></p><p><font face="Georgia">You buy a drill to help make the hole.&nbsp; You buy investments to accumulate wealth.&nbsp; You buy numismatics for wealth accumulation, historic preservation, and a few other reasons.&nbsp; </font></p><p><br /></p><p><font face="Georgia">Just know what your goal is.&nbsp; Does your risk tolerance include an understanding of the Time, Liquidity, Marketability, Diversification, and Tax consequences of the investment?</font>[/QUOTE]</p><p><br /></p>

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