I Bought Silver With My Dug Clad

[Kansashunter]

That is a great way to invest. Well done!

 

[DbblTap]

That is a great way to invest. Well done!

Good excuse to tell the better half !

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[amc rulz]

That is a great way to invest. Well done!

You must realize that stacking silver is a lousy investment. It's been just down, down, down for years. As an investment, it's stagnant, dead. You'd be much better off investing in the stock market, in which gains have been tremendous.

 

[diggin4clad]

You must realize that stacking silver is a lousy investment. It's been just down, down, down for years. As an investment, it's stagnant, dead. You'd be much better off investing in the stock market, in which gains have been tremendous.

I'm not investing in precious metal. You can lose money in any "investment".
I buy it because I like it.

 

[amc rulz]

I'm not investing in precious metal. You can lose money in any "investment".
I buy it because I like it.

Diggin4clad, my reply wasn't directed towards you, never said you were investing in PM's. I was quoting the OP.

 

[diggin4clad]

Diggin4clad, my reply wasn't directed towards you, never said you were investing in PM's. I was quoting the OP.

I thought that you were also replying to me because I was the one who started this thread and I'm the one who bought the silver. I've made a lot of money over the years with silver and gold so your feelings about precious metal aren't necessarily true.

 

[amc rulz]

I thought that you were also replying to me because I was the one who started this thread and I'm the one who bought the silver. I've made a lot of money over the years with silver and gold so your feelings about precious metal aren't necessarily true.

That's great you've been able to profit! I've followed the PM market since 1978. In the last last five years, I couldn't sell any because prices have been in a downward spiral. OTOH, my stocks have made tremendous gains!

How do you do it? Care to share any secrets?

 

[diggin4clad]

That's great you've been able to profit! I've followed the PM market since 1978. In the last last five years, I couldn't sell any because prices have been in a downward spiral. OTOH, my stocks have made tremendous gains!

How do you do it? Care to share any secrets?

Patience is the key........I sold a load back in 1980 when the Hunt Brothers tried to corner the silver market and silver was around $50 per ounce. I also sold a load back in 2005 when the market was a lot higher than what I paid for my holdings that I bought in the late 1990's and early 2000's and then again around 2010 when silver was around $40 per ounce. After selling I waited for the market to cool down and started buying again. Same old formula....buy when the market is soft and sell when it's rising. Right now the market is soft. I've also made money on my PepsiCo stocks that were given to me when I worked for them..............

 

[danpettit]

Great idea! Good motivation to collect all that clad. I like the silver round idea, I have quite a few already.

 

[Kansashunter]

Dang, by saying that it was a good way to invest....meant... that it was a good thing to do with the found clad. Never said to bank your profits in metals. I personally don't ever trade off any of my clad, guess that I get sort of sentimental to stuff that I find, so to use the found money to buy anything of value is a good way to invest. Just to clarify.

 

[amc rulz]

Dang, by saying that it was a good way to invest....meant... that it was a good thing to do with the found clad. Never said to bank your profits in metals. I personally don't ever trade off any of my clad, guess that I get sort of sentimental to stuff that I find, so to use the found money to buy anything of value is a good way to invest. Just to clarify.

Thumbs up KH