To: WatchNKorea
A friend bought about $1,000 of silver in 1984 (approx.), or almost three months salary (we were very junior in the USAF). Silver then had nearly reached its peak at around $10 per ounce.
Shortly thereafter, the Hunt brothers were caught, and Silver promptly plunged to near it's level today.
Investing in precious metals is no less risky than the stock market.
44 posted on
02/19/2003 6:22:33 PM PST by
jimtorr
To: jimtorr
"Shortly thereafter, the Hunt brothers were caught, and Silver promptly plunged to near it's level today." Well, get ready to see silver finally crash thru that $10 and head on up. Especially considering Iraq, North Korea, Iran, Syria...etc.
49 posted on
02/19/2003 6:28:17 PM PST by
WatchNKorea
( http://www.freerepublic.com/forum/a3a37a7ce78f9.htm)
To: jimtorr
"Investing in precious metals is no less risky than the stock market." Of course, that's why Merrill Lynch and all the other brokerage firms say to only risk your extra money in stocks, bonds and bullion for ones portfolio...not your next house payment. :)
50 posted on
02/19/2003 6:30:10 PM PST by
WatchNKorea
( http://www.freerepublic.com/forum/a3a37a7ce78f9.htm)
To: jimtorr
hey jim,
I guess your friend never heard of buy LOW sell HIGH.
If your get to the table late - a lot of the pot will be owned by someone else.
Regards
Lurking'
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