I believe he was just simply trying to tell you as have many others that the gutter metal is a terrible investment. No need for personal attacks, profanity etc. LuLZ! HLP!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@blitzdude said:
I believe he was just simply trying to tell you as have many others that the gutter metal is a terrible investment. No need for personal attacks, profanity etc. LuLZ! HLP!
It was a horrid investment if you bought in 1963 and sold in 2025. If you bought in the summer of '79 and sold in the early winter it was a great investment.
@nags said:
Hoarding silver since 1963 was an absolutely horrendous decision. Likely cost you literally millions opposed to investing in the American economy.
S&P 500 index funds first became available to investors in the 1970s, with the key dates differing for institutional and retail investors. The first institutional S&P 500 index fund launched in 1971, and the first broadly available retail S&P 500 index mutual fund launched in 1976. Only magicians could invest in ones in 1963.
@Wingsrule said:
Opportunity cost always needs to be considered. That same half would have earned about 13x more in the S&P 500.
Another huge YAWN.
PM's are just a singular asset class. THIS is a PM forum. Why do you and others feel the need to spam fiat investments that almost all of us are involved with outside of PM's? So, yeah, no shit dude lol
.
Of the 500 companies that were represented in the S&P 500 index in the inaugural year (1957), only 53 of them are still around. so almost 90% of the companies in the 1957 S&P 500 have been dropped from the index, because they either stagnated, folded, or were acquired by another company. And since 2015, nearly 1/3rd of the companies in the S&P 500 have been replaced.
Some notable S&P 500 companies that went bust (and/or dropped significantly in value) include: ENRON; Sears; and AIG.
If you constantly drop the weak declining companies and add young strong growing companies, of course the "index" will probably go up.
The S&P Index was established in 1957. There was no S&P Index fund available prior to 1976. So if an investor wanted to invest in the index prior to 1976, they would have to buy shares in all 500 of the companies represented in the Index.
If a person bought stock in all of the 1963 S&P 500 companies, the net return would be a lot less than advertised for the index in general, because a lot of those 1963 companies have gone bust.
COMEX and LBMA finally losing their stranglehold on silver. A few years back some here were ridiculed for predicting COMEX's days were numbered. Often, conspiracy theorys become truth.
Comments
I believe he was just simply trying to tell you as have many others that the gutter metal is a terrible investment. No need for personal attacks, profanity etc. LuLZ! HLP!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
It was a horrid investment if you bought in 1963 and sold in 2025. If you bought in the summer of '79 and sold in the early winter it was a great investment.
Life is timing.
.
And 1963 is not 2025.
.
S&P 500 index funds first became available to investors in the 1970s, with the key dates differing for institutional and retail investors. The first institutional S&P 500 index fund launched in 1971, and the first broadly available retail S&P 500 index mutual fund launched in 1976. Only magicians could invest in ones in 1963.
.
Of the 500 companies that were represented in the S&P 500 index in the inaugural year (1957), only 53 of them are still around. so almost 90% of the companies in the 1957 S&P 500 have been dropped from the index, because they either stagnated, folded, or were acquired by another company. And since 2015, nearly 1/3rd of the companies in the S&P 500 have been replaced.
Some notable S&P 500 companies that went bust (and/or dropped significantly in value) include: ENRON; Sears; and AIG.
If you constantly drop the weak declining companies and add young strong growing companies, of course the "index" will probably go up.
The S&P Index was established in 1957. There was no S&P Index fund available prior to 1976. So if an investor wanted to invest in the index prior to 1976, they would have to buy shares in all 500 of the companies represented in the Index.
If a person bought stock in all of the 1963 S&P 500 companies, the net return would be a lot less than advertised for the index in general, because a lot of those 1963 companies have gone bust.
.
If you constantly drop the weak declining companies and add young strong growing companies, of course the "index" will probably go up.
This was true in the 1980's and it's true today.
I knew it would happen.
COMEX and LBMA finally losing their stranglehold on silver. A few years back some here were ridiculed for predicting COMEX's days were numbered. Often, conspiracy theorys become truth.
Silver Squeeze Armageddon: Why some Banks and Exchanges Could Face Wipeout in 2026
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong