5 years ago today silver closed @ $11.80

morgansforever · April 24, 2011 5:32AM

April 24th 2006, silver closed at $11.80.
At this moment it's $46.68, that's a 295% increase.
Is there a fund or stock that has out performed silver?

Ahrensdad · April 24, 2011 5:37AM

This post would have been really helpful back in 2006 with you posting todays current market...

Oh well, I probably wouldn't have believed you anyhow.

morgansforever · April 24, 2011 5:45AM

To think I was sweating paying $120 for 10 oz. Engelhard bars.
All that money I dumped into my 401k, thinking it was the right thing to do, WRONG.

EDIT:
If silver increases 295% 5 years from today, silver will be $185/oz.
April 24th 2016, a 10 oz. silver bar will be $1850, that's insane.

Ahrensdad · April 24, 2011 5:52AM

And I told my self when gold was $260/oz, boy I should buy 20 of the $20 saints and throw them in the SBD. They just seemed so cheap...shoulda, woulda...you know the rest.

morgansforever · April 24, 2011 5:57AM

If I only had the April 24th 2016 edition of the WSJ, it would make it very easy

jmski52 · April 24, 2011 6:31AM

To be fair, silver did drop from $21+ to $9-something in 2008. In my opinion, it was being manipulated at the time - but that doesn't matter if you happen to zig when you should have zagged. There's absolutely no reason that something like that can't happen over and over. And that is why I think that trying to stay focused on the fundamentals is the best approach.

You guys are in the right place. The discussions here will keep you thinking.

OPA · April 24, 2011 8:58AM

<< <i>April 24th 2006, silver closed at $11.80.
At this moment it's $46.68, that's a 295% increase.
Is there a fund or stock that has out performed silver? >>

review our host's stock for the last 3 years...( CLCT ) about a 500% increase.

morgansforever · April 24, 2011 9:05AM

Thanks OPA. So there was a stock that outperformed silver, huh.

SportsModerator · April 24, 2011 9:11AM

Ford under $2 (got as low as 1.70) November 2009. Now 15.60+

morgansforever · April 24, 2011 9:23AM

<<Ford under $2 (got as low as 1.70) November 2009. Now 15.60+>>

I remember that too, up over 800% sinse then, crazy.
To busy buying physical bullion.

OPA · April 24, 2011 9:25AM

<< <i>Ford under $2 (got as low as 1.70) November 2009. Now 15.60+ >>

Forgot about that one....purchased several thousand shares at around $2, but sold them at around $6...still kicking myself in the ars for that one.

dbcoin · April 24, 2011 10:30AM

Silver Wheaton (SLW) went from $2.50 to $45 in that time frame (18x)

roadrunner · April 24, 2011 10:38AM

Even a large cap like Apple is up almost 6X in the past 5 yrs.....and 35X in the past 8 yrs. Silver's performance while impressive, pales to some of the
best stock runners.

roadrunner

Wingsrule · April 24, 2011 11:13AM

Netflix is up about 8x
Priceline about 22x

I'm sure there are many more.

VikingDude · April 24, 2011 11:16AM

Need to find a Flux capacitor for my vehicle...

BAJJERFAN · April 24, 2011 11:24AM

<< <i>Thanks OPA. So there was a stock that outperformed silver, huh. >>

Yup. LVS went from about $3 in 2008 to around $55 not too long ago. About $46 now.

Tomohawk · April 24, 2011 3:01PM

<< <i>Need to find a Flux capacitor for my vehicle... >>

Right there with ya, dude!

Speaking of time travel...my brother and I visited a shop in Escondido, CA, in 85/86; had a few...like 5...silver quarters and "silver" nickels. Asked how much for each and was told: "About $0.75 for the quarters, and $0.05 for the nickels."

The shop owner then launched into a Coin and Bullion Investing 101 class for us, and eventually wound up talking us into buying several ounces of sliver, which then led to around 100 ounces within a few months. If memory serves, we were paying around $3.50 or so/oz...maybe $4? Not sure, but I'd love to be able to go back to those days and smack myself upside the head: we sold the silver a few months later because it wasn't gaining enough that didn't do anything was boring!!!

Then I think of recent times when I had as much as 300 ounces as late as last June...then bailed on it again because of some financial difficulties. Just can't seem to pick the winners...

CoinCoins · April 24, 2011 3:28PM

i remember saying "wow, 100 oz bars are $1000 now" back then........... oofda

1jester · April 24, 2011 4:50PM

While I've bought plenty of silver numismatic coins over the past 15 years, I never made a concerted effort to dabble in PMs. A friend of mine, however, bought lots of the white metal at under $4. It would be interesting to know how strong his conviction was, and how much he bought when it was really cheap. However, about 2 1/2 years ago I started getting seriously interested in PMs and educating myself and came to the conclusion that it would be completely unwise to not dump every available cent into silver, which I did (well, I did place about 5% of assets into gold and palladium), and bought until silver's recent run-up started last October, so I was in at under $20/oz for everything. I always had an extremely strong conviction that silver was headed to $50/oz and way beyond, despite all the nay-sayers around here (not to mention elsewhere). This morning silver crossed that $50/oz threshhold, and I feel exonerated. But we are only at the beginning of the run, folks!!

Keep Stackin' as they say.

morgansforever · April 24, 2011 7:56PM

<<i remember saying "wow, 100 oz bars are $1000 now" back then........... oofda>>

You may be saying WOW, when 10 oz. bars are fetching $1000

greghansen · April 25, 2011 12:22AM

Forgot about that one....purchased several thousand shares at around $2, but sold them at around $6...still kicking myself in the ars for that one.

Save your kicks for a position you didn't make a 300% profit in! Or you could have sold 1/3 of your position to take out your original money and let the rest run. That would have been my first thought...but I don't have too many 300% performers...So I don't have to worry about getting that thought too often. Congrats!

5 years ago today silver closed @ $11.80

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