MarketFest, I have some 'old' silver too, from back in the 1980s. I think silver was maybe $6-8 range back then. I remember it hitting around $40 in the late 1970s when inflation was running rampant and the Hunt Brothers tried to corner the silver market. But then it retreated all the way back to $10 and kept falling. I bought some uncirculated world coins back then as part of a coin collection, and still have them.
But when silver had its more recent runup to almost $50, like others I got swept up in the craze and bought a bunch in the 30s, only to sell it for a moderate loss on the way down since I needed the money to pay some bills. But luckily there was an offsetting gain on some gold and so ended up around even.
I think Scstocks has been consistently successful in trading. He was one of the few who actually made money on Cortex. My dad has been successful by just buying quality stocks and bonds, diversifying, and holding for the long term. He has a full service broker and does very little trading. On the other hand, I was always too antsy and did way too much trading, and got into biotech, a big mistake. If I ever get a 2nd chance I'll stick to my dad's conservative approach with 90% of the funds, and strictly limit trading and small/micro caps to 10%. That way you stay out of trouble but can still have some fun.
