Thread: Dumb luck
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Old 12-10-2013, 12:57 PM   #8
McKannick
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Join Date: Jan 2009
Location: Middle Ga (Griffin Area)
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On the other hand, silver, unlike paper stocks, will never be worth 'nothing'. Go up & down like the rest of the market, sure. But, in my case, I buy silver an ounce at a time (not having large chunks of cash to play with) so my 'losses' are also in smaller chunks. The overall trend over the past 10 years is 'up', however. I had the urge to buy in hand silver about 10 years ago when my 401k was in the futures market (worst possible place, by the way) with $80k floating out there. IF I hadn't listened to the 'stock market expert' broker (and IF he hadn't pulled a totally stupid and amateurish move with no stop-loss marker), putting that kind of money into $3/oz silver, I'd now have 'bout $500k at last weeks prices. Instead, I get to work until I drop dead, with no more retirement funds, evaporated in a single day's trading loss.
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