Once again it seems I need to hammer some logistics into people who apparently like to lie:
Commodity rise and fall very slowly, so saying you made %1200 on silver is false. Oh and I just looked up canadian silver values on wolfram's mathematica for the last 150 years so if you invested that 300 dollars back in 1869, then sure, you might have made a total of 45,672.22 depending on which mine you chose.
my father has been working as a successful financial analyst for a while and only once in his life has he made more than 300% on his returns for any given stock, option, put, etc. and that was back in the 1990's when the biotech industry blossomed.
lies lies lies, i dont understand why people are so dishonest.
and the funniest line of them all:
"I buy every month regardless of price. Cost Averaging method."
Thats a pretty dumb method. If I ran a investment group like that I would be glad to break even let alone make ur supposed 1200% over stocks that have this headline in the news right now "But the best-managed junior gold mining fund in Canada is down more 20% from its all-time high.”
Oh and conversion from american to canadian dollars would require a fine from any bank. That and the fact that over this 6 months period the monetary ratio between the canadian and us dollar moved about .8, so what you mean to say is that you lost 4% right?
I could go on and on about some clowns here
As far as the Cost averaging method, I am not purchasing stocks , I am purchasing physical silver. I would have to agree that buying stocks averaging the cost would be pretty stupid.
If commodities rise so very slowly why has my gold gone up 500% in 10 years, Why has my silver gone up 900% in the same period? why has silver made 100% gains in the last 10 months?
Guess what? You can do currency exchanges on a E-trade account with no penalty or conversion fee. You would never pay a fine as you like to call it, a fine is for when you have committed a misdemeanor or broken a rule of some kind.
Here is the value of a US Dollar in Canadian.
http://www.forex.com/currency-pairs-public-charts.html?cp=USDCAD
6 months ago a US dollar was worth $1.02 in Canadian. today a US Dollar is worth $.96. a difference of almost 8% ( It went down the last couple days). I think you are misreading the Forex chart and have it backwards.
Price of SLW When I purchased it after the crash. I got in at $4.65. today my SLW is worth $44.11. 946% gain. And that is just one example. Try one of the Penny stocks, I made even more on some of them. EPL was at $.07 when I purchased, sold at $1.11 that's a 1,546% gain.
You only need a few big winners to make all your losers fade away.
But hey, you are sure to gain plenty of respect and friends that adore you if you just call everyone who has done well for himself a liar.
Did a search......
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But the best-managed junior gold mining fund in Canada is down more 20% from its all-time high. So pray tell, what is the best managed junior mining
FUND in Canada?
FYI A Fund is not a stock. I do not invest in funds. Diversification is a sure way to the poor house.
in 1986 if you had spent $106 on Microsoft stock and held that stock for exactly 20 years know how much it would be worth? $1, 472,000
