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"Buy silver now! It's got nowhere to go but up!"

From my ex-wife's uncle, a coin dealer, when silver was selling for $45.00 per ounce. So we did, $1,000.00 worth. It was less than a month before the Hunt brothers' scheme went public and the price crashed into the basement. The sleazy hqiz-eater made a bunch of money off of us, and never had the cojones to even say "sorry".

Date: 2009-08-20 09:31 pm (UTC)
From: [identity profile] r-caton.livejournal.com
Don't need silver now images are digital......

Date: 2009-08-20 10:18 pm (UTC)

Date: 2009-08-20 10:06 pm (UTC)
From: [identity profile] bayliss.livejournal.com
It's kind of like all the Gold guys screaming put your money in Gold. As if the price of Gold keeps going up. Eventually it has to bottom out much like the housing market. *rolls eyes*

And like my broker telling me the safest place for my money was in stocks. We all know how that turned out. LOL

Date: 2009-08-20 10:17 pm (UTC)
From: [identity profile] ccdesan.livejournal.com
30 years... if you had the good luck to get in at the start of one of those precipitous rises - or to be a gold broker at that time, like a few people I knew - you could have made a killing. As history shows, though - it's gonna come back down.

Image

Date: 2009-08-20 10:18 pm (UTC)
From: [identity profile] dhlawrence.livejournal.com
I bought silver when it was around 4 dollars an ounce. Eventually it did go up, then way up, then back down. It's still worth more than I paid for it, so I''m happy.

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