An online braggadocio writes,
Those that (sic) have followed my investment recommendations over the years, know that I have long been a fan of silver. I have also made it clear that there would be a point at which silver would formally breakout and “officially” commence a bull market. This has now occurred. Silver has broken $19.00 an ounce and held above that level. That was the trigger. It is my opinion, that silver will now continue on an uptrend for the next 2-3 years. (Never straight up, there will always be dips, but the trend will be up). Maybe several years.
Glenn Koach, president of hedge fund Concise Capital, and 2GreenEnergy’s financial advisor, once told me, “I’ve never known anyone who made money in precious metals,” which he immediately corrected: “Actually, I’ve never known any smart person who made money in precious metals,” implying the obvious: there are always going to be fools who get lucky and buy at precisely the right time.
I had to laugh when I saw this thing about silver. In the late 1970s, when I was an impoverished graduate student, there were rare moments that I had two nickels to rub together, and would buy a five-ounce bar of silver for, as I recall, about $5 per ounce, which, inflation-adjusted, is today $19. So here we are, 41 years later, and a $19 is now worth…..$19. Had I held onto my ingots (which I didn’t) I would have made exactly 0%, and had eaten the opportunity cost of that money for over four decades.
If you’re thinking about an investment, look into cleantech, destined to be remembered as the defining industry of the 21st Century.
In 2013, 2GreenEnergy supporter Dr. Tom Konrad recommended that I buy Hannon Armstrong (HASI), provider of climate change solutions, which I did, at $5.03. It closed today at $33.03, that’s an AGR of 31%.