Don’t reach for you barf bag, but here’s what almost all of us missed with real money, gold and silver. Gold today is almost $4700 an ounce. In the year 2000, what do you think the price was? $276 an ounce! If $276 for a gold American Eagle was too rich for you blood in 2000, how about a silver American Eagle in 2002? Silver spot (the coins are worth even more) today passed $90 an ounce. For the price of a sandwich, $4.64, you could buy a silver American Eagle in 2002! For both metals, you would have realized a 2000% appreciation, 20X. You could’a been a contenda!
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