Many who have cast their lot in metals over the years are finally reaping. But they have done so at the expense of not being in equities (growth and dividend payers) where the growth and compound have trashed a heavily weighted metal portfolio. Buffet and Peter Lynch have been sages. .
The silver I hold is for a catastrophe, not investment. With luck that won’t happen & my daughter will get it when her mother and I are gone.
Since I have been buying it a little at a time for decades I don’t really know what my average cost is, but I would guess the low $20s.
Buffett is very anti-gold/silver because its not working capital. The value to me is if the SHTF, its a means of barter. There was a previous FR article where someone recommended buying alcohol and keeping it on hand as in tough times, people still want their alcohol.
For much of my life, gold was around $200-$250. It is now over $3000
“Everyone talks about the big money they made in real estate, but they forget to talk about the big money lost in real estate”.—Charlie Munger (pg 10 University od Berkshire Hathaway 2018 Pecaut and Co.