VoyForums
[ Show ]
Support VoyForums
[ Shrink ]
VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, [2] ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 22:39:41 11/25/03 Tue
Author: siempre
Subject: leverage with silverstox

to Steve Sjuggerud-- your recent recognition of the gold sector has prompted me to tell you my story....until 2001
I was an investment sinner of the worst kind...let me digress....I made a small fortune in the gold bull market of 1979-1982...a lucky stroke to say the least...my Merrill Lynch broker noted that I wasn't doing so well in my ML account & one day said something like....I can't really recommend what you should do, but I have a few clients who have been doing well with South African gold mining stocks....& that was the beginning of my gold lust...in those days there was little alternative to S.A. for goldstox, since around 75% of the worlds gold was mined there....of course today all that has changed, but I'm getting ahead of myself....to make a long, sickening story short, I lost all but about $14,000 between 1982 & 2001
on various poor real estate, commodity & other investments....the last bad experience being mutual funds, which I was having "managed" for me....when the bubble burst in 2000-2001 I was left with little, but never one to quit [I still had my home, although it was mortgaged to the hilt], I figured I couldn't do much worse than the MF guys, so I opened an online account....for the first time I really worked at learning what the best sectors were to invest in...by the summer of 2001 I came back full circle to gold & silver [after dabbling with sporadic succes in others sectors]....buying 550 shares of DROOY @.85 ....
that was the beginning....after a threatened shutdown crisis at Durban was averted, the shares soared....I liked the taste of success...it remended me of 1980 again....
I bought more DROOY & started adding others miners....HL,
SSRI, CDE, HMY [it was HGMCY]....everything seemed to hit at the right time.....I moved my portfolio almost exclusively into goldstox, except for some funds I kept in FAX, which I discovered when it was near its low, under $4.00....
move fast forward to the present....I have increased my original stake to around $54,000 at this writing, & I think we are barely getting started to see the profits which are possible in the coming months & years....this is definitely a long-term bull market, as has been noted by many whom I read....end part I.....siempre

[ Next Thread | Previous Thread | Next Message | Previous Message ]
[ Contact Forum Admin ]

Forum timezone: GMT-8
VF Version: 3.00b, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved.