Market Curiosity: Exploring Markets And Systems

April 12, 2011

Results from dollar cost averaging silver from 1979

Filed under: Just Watching — Tags: — Jeff Fitzmyers @ 4:42 pm

Suppose you decided to start a long term savings plan denominated in silver. And suppose you started at the worst time, bought $3,000 of 90% silver at each year’s high, and over paid. Not a good strategy if you had to take money out. But if you didn’t, 33 years later…

Gold is similar, except with less upside yet significant “drawdowns”. Really what seems to be going on is accumulating a storable and useful item that spent a lot of time near the cost of production. Sooner or later the price is going to pop up.

As soon as silver gets “expensive” it will be time to find another storable and useful item to save wealth in.

+ MRCI silver data
+ Kitco silver data

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