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To: Indrid Cold; Lazamataz; rohry
Mrs. Wasp and I had our silver 25th anniversary in 1987 and thus bought a bunch of Peruvian Sterling stuff some missionaries had brought back when it was at $7.25/oz!!!

The artisan work is beautiful and yet we keep it packed up and stashed and never bring it out. Paper money may be funny money to you guys, but at least it can earn interest or leverage a lot of other stuff like R.E.

It's gonna be a cold day in hell before the Hunt Bros. are resurrected and try to monopolize silver ever again and get us even close to even on those purchases. Even the PBS antique show ain't gonna do us any good, nor E-Bay. Oh well, it has sentimental value sittin in them boxes corrodin and tarnishin!!!

21 posted on 10/02/2002 7:02:31 PM PDT by SierraWasp
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To: SierraWasp
Your tale of woe rings hollow.

Just shows that you need to understand that markets go up and down. Why did you not sell it when you had a small loss?

To continue holding a financial asset that is falling in value and is tradeable is a sign of someone who does not have a grasp on the essence of markets.

They can go up and down and the object is to make a profit.

Now if you had purchased all the silver dollars in a bank vault when the dollar link to silver was repudiated and stored them, you would have a nice increase over the years far beyond the interest you might have earned on the paper.

Investors are different than traders admittedly but you still have to recognize that "Buy and Hold" is a risky proposition.

24 posted on 10/02/2002 7:37:25 PM PDT by rollin
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To: SierraWasp
Your stuff would be more sellable on a retail basis anyway, I assume. If you want to get rid of it, you should buddy up with a jeweler, pawnbroker, or consignment-shop owner and sell it as art, not as base metal.
41 posted on 10/04/2002 9:10:42 AM PDT by Indrid Cold
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