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 Replies: 19 / Views: 2,418 |
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Pillar of the Community
 United States
526 Posts |
You would obviously need to use your head and do your research prior to any decision being made. An toz of Silver was $3.00 and toz of Gold was $300.00 or so.
Big difference in price. Instead of a six pack of beer, by an oz of silver is what it amounted to.
I still stand by my statement of "Reference". If my father knew and didn't share or didn't know at all. I have educated my children and shown them
first hand what I am talking about. If you do care to read the first post again, you will see where I mention the "Hunt" debacle that skewed the
price of silver through manipulation in the early 80's and yes, the bottom could fall out of PM's again. I still have 15 years before retirement and with the world economy in the shape it is in now, I doubt that collapse will happen anytime soon.
Edited by Freedom
08/24/2012 09:02 am
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Bedrock of the Community
United States
20753 Posts |
Fatherly advise would have been useless. Think of this, just how much do you know about what will be valuable in 20, 30 or more years. You could tell your kids to always save glass bottles because in 20 years there will be none. Then POOF, everything used is now glass. You and all of us just don't know. Save Silver? Then what if a fantastic large mound of Silver is discovered with billions of tons of Silver. What if it is found that Aluminum can be turned into Silver? Who would have thought that an Edsel auto would someday sell for over a hundred thousand dollars?
Save all the 57 Chevy's since someday that $2,700 car will sell for a fortune.
Our world is full of coulda, shoulda, woulda stories. Lucky your parents didn't say put all your money in Beanie Babies.
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Bedrock of the Community
13014 Posts |
I would say in fairness it was hard to predict the rise back then. Your father grew up with silver coins and probably just didnt view it as anything that special or with that kind of potential. I too have though about it had I started buying it in high school and college when the pm prices were much lower, but if I could do it all again I would take that money and put it into apple the first day it hit the stock market.
That said I do think its a good lesson to teach kids about saving and investing. I'm not speaking about your father in general now, but I also think that some fathers may not want to just because of limited success theyve personally had at it. Its one the harder decisions about being a father deciding what to teach your kids and knowing where your short comings are and either finding someone who knows about those areas to teach them or just stay hands off in those areas
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Rest in Peace
United States
2668 Posts |
Beanie babies might make a comeback....  |
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Pillar of the Community
United Kingdom
4208 Posts |
My advice? Bronze. May as well stock up, its cheap and still plentiful.
Also, Cupronickel is on its way out due to inflating prices, who knows where that could go.
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Pillar of the Community
United States
1064 Posts |
Quote:
Your father grew up with silver coins and probably just didn't view it as anything that special or with that kind of potential Couldn't agree more; when growing up, we could go to the bank and ask for silver dollars, I think we got mostly Peace dollars, but had no clue about silver or value beyond a dollar! I consider it an accomplishment these days to bring up children as responsible adults and successful citizens, I guess an economic education would be a nice bonus!  |
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Pillar of the Community
United States
1770 Posts |
no one could have predicted anything specially with the low prices of silver back in the 70s how could anyone know? answer : they didnt everyone now always says the same thing (why didnt I buy microsoft stock in 1986? ) apple etc
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New Member
Canada
34 Posts |
There is no way that your father could have known that silver and gold would one day become worth something. It was as common in coins as steel is now and cost once pennies to the ounce. How did anyone know that in the 70s the world would repeal the silver and gold hoarding laws and allow it to be traded on the open market again.
Just like nobody knows for 100% sure that gold and silver won't once again take a massive drop once the "big spenders" decide they don't want to buy the paper on the markets and let it go down to its actual value.
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Pillar of the Community
United States
863 Posts |
well now we know.Silver and gold have always been worth something. they have a much better history than both microsoft and apple. and will continue to be worth something.
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Bedrock of the Community
13014 Posts |
Quote:
they have a much better history than both microsoft and apple. I would disagree with that. If you bought an ounce of gold in 1999 you paid about 300 and now have 1800. If you bought silver you paid 5 and now have 35. If you bought 1 share of apple you paid 10 dollars and now have 4 shares from 2 splits worth almost 700 each. In all honesty nothing has out performed apple up to this point if you got in early Edited by basebal21
09/08/2012 12:19 am
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Pillar of the Community
United States
1116 Posts |
Most of the time when we were young our parents would try and tell us something and when we were 5 or 6 we believed them. By the time we were 17 we knew all the answers before the test was written and wouldn't pay any attention to them because they were old school.
When we were 25 much of us had lost one parent, had kids of our own and now we were going to teach them the lessons that we never learned. Now our kids think that we are smart ones, by the time they reach 17 they won't be listening because they know everything. Meanwhile, we are scratching our heads trying to figure out which investment to make, for how much, and hoping that we get it right.
It seems that it's all comes full circle and bites us hard. I just hoping that the grandkids will listen to me and learn. In the end we are all trying to keep chips in the game.
The one thing that I learned from my parents is that nobody learns without listening. I just hope that I listen to the smartest people in the room, but sometimes the smart people keep quiet.
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Pillar of the Community
United States
863 Posts |
yes but gold has been valuable forever. apple only has 25 years of history. if you go back 100 years with a piece of gold you stil ahave something of value. do that with your stock. the longevity of the gold is what makes it so valuable. Very few things keep their worth gold and property are the few things that are always worth something. even if it is not as much as it once was. it still has some value
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Bedrock of the Community
13014 Posts |
Im not against gold by any means, but I dont follow the logic that apple is only 25 years old. You cant compare things until they exist. Using clot busters in strokes has only been around about 20 years too, doesn't mean I want the older method of treating it because its older if I have one. Yea gold always has been worth something and always will be worth something, but that has no impact on me. I'm concerned with what will happen in my life time and the near future where as of now nothing has out performed apple.
That said though dont just buy nothing but apple and put all your eggs in basket. Hedge with some pms, spread it around a little and minimize the risk some
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Pillar of the Community
United States
863 Posts |
My point it that companies have a history of failing eventually.
And the age old method of eating healthy is the best way to prevent stroke ;)
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Bedrock of the Community
13014 Posts |
Lol and yea thats a fair point. I'm assuming apple stock wouldnt be passed down for generations, I guess maybe if it keeps doing what its doing. I just think theres a difference between looking at things historically and what they actually mean to us in our life time no matter how healthy we eat  |
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Replies: 19 / Views: 2,418 |
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Posted 08/24/2012 12:04 pm
