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<p>[QUOTE="Hommer, post: 2283715, member: 73266"]That chart makes me sad. In 2000, we were in a huge construction boom, and silver was under $5. I had made alot of money and had put most of my "extra" money in stocks.</p><p>A friend of mine who was a gemologist, kept telling me to get out of the stocks and buy silver. He had worked for a huge jewelry company for many years and the company wanted to transfer him to Dallas, but he didn't want to go. They gave him an ultimatum, he called their bluff and lost. Long story short, he was working for me in construction, though he was far from broke.</p><p>He kept telling me that he knew the supply of silver was tight from the knowledge of being in jewelry and if the economy took one hiccup, the price would go outta sight.</p><p>I was lucky about the stocks. I sold nearly all I had and built a new house. It didn't pay for it but it did knock a chunk out. In just a few years, along came the hiccup, home prices bottomed, and silver prices jumped ten fold My buddy became a millionaire and I was paying notes on a house that wasn't worth what I had in it. Could kick myself every time I think about it.[/QUOTE]</p><p><br /></p>
[QUOTE="Hommer, post: 2283715, member: 73266"]That chart makes me sad. In 2000, we were in a huge construction boom, and silver was under $5. I had made alot of money and had put most of my "extra" money in stocks. A friend of mine who was a gemologist, kept telling me to get out of the stocks and buy silver. He had worked for a huge jewelry company for many years and the company wanted to transfer him to Dallas, but he didn't want to go. They gave him an ultimatum, he called their bluff and lost. Long story short, he was working for me in construction, though he was far from broke. He kept telling me that he knew the supply of silver was tight from the knowledge of being in jewelry and if the economy took one hiccup, the price would go outta sight. I was lucky about the stocks. I sold nearly all I had and built a new house. It didn't pay for it but it did knock a chunk out. In just a few years, along came the hiccup, home prices bottomed, and silver prices jumped ten fold My buddy became a millionaire and I was paying notes on a house that wasn't worth what I had in it. Could kick myself every time I think about it.[/QUOTE]
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