Quote:
Originally Posted by qwe
i can bet anything you didn't buy at $20 and sell it at $40 (in fact you probably don't even own any stock), from 1986 to 2006 silver stayed pretty flat in tight range, only recently it started to move and everybody and their grandma's going crazy omg omg, you know how much money you could of made with about any other company in that year range? that's a shitty investment if you have your money parked for 20 years only then for it to move up... take a look at bidu, ffiv, rvbd, pot, agu, just to name a few... those companies will outperform your gold/silver rate x 10
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What is even worst is these idiots will buy it at $40 now and then its going to crash back to $20 or worst. So not only was it not a great investment if you got in 20 years ago, its 100x worst investment for the idiots who got in last minute.
Same thing happened with the stock market in the 90's (in particular late 90s) and same thing with housing in the early 2000s (2000 - 2005). The shit goes for years with modest gains and then spikes, so it gets hyped by people seeing other people making money from it, so more people jump on board, then the fringe idiots see wow everyone is making money this is so easy, I can do it too. So they jump on board and KA Booooom the whole thing implodes. Any time anything is artificially run up in value 2-3x more that what it was just a couple years ago, mainly from hype, its just a matter of time before the correction hits your ass.
buy high, sell low... congrats dumb asses.