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To: Victor Lazlo who wrote (59660)6/4/2002 11:21:51 PM
From: bambs  Read Replies (1) | Respond to of 77397
 
victor...let me know when you think it might be a good idea after all to buy physical silver in the $4's

up just over 20% now on my combined physical silver purchases...and you know...silver don't lie...silver isn't fiat...silver is a store of value...

think about this...everyone bashes gold..says it's just a terrible investment. it's been simply horrible over the last 30 years....well...

gold is up from $35 in 1972 to $325 in 2002 about 9.3 times.

if you were to buy a 30 year bond here at 5.6% you would get about 6 times your money at the end of that 30 years. about 30% less then you would have in gold over the last 30 years. 10 year bond yielding 5% is awful...staying in shorterm paper will kill you when you look at real inflation over a long period of time.

gold moves big jumps...it just goes for runs at key times in history..this is one of those times...silver too...

bambs



To: Victor Lazlo who wrote (59660)6/5/2002 9:19:32 AM
From: kvkkc1  Read Replies (1) | Respond to of 77397
 
well he's been wrong on all accounts so far, what makes you think he'll be right on the remainder?



To: Victor Lazlo who wrote (59660)6/5/2002 11:29:50 AM
From: RetiredNow  Respond to of 77397
 
Hmm. Not sure that is accurate. I think most intelligent folks haven't given up on stocks altogether, rather they have reassessed how to invest in stocks. Namely, I am noticing a good many of my friends and acquaintances getting serious about asset allocation and dollar cost averaging, and moving away from daytrading towards long term investing. Another huge trend I see is people moving most of their money to financial planners. No planner that I know of would advise against stocks for long term investing. So everyone was shaken, but they are getting smarter about how they invest, rather than forsaking stocks altogether. Those that do avoid stocks are in for a rough surprise when their retirement sux.