Hi all, This is the first forum I have joined and besides being informative I see you have a nice little community going on here. I have been stacking for just over two and half years after reflecting on an old timer acquaintance who rode the bull in the late 70's. I enjoyed listening to this very unnassuming man whom I have fond memories of and yes he did get of the ride at the right time! I may not have much to add but I can read and learn. Cheers
What an informative first (can I assume?) post. It is lovely to have another forum member here willing to listen rather than constantly add posts. Welcome and take care.
Thanks for the welcome everyone. Butch, 99 will not be joining us, she is always in the 'cone of silence' (by herself) whenever I mention anything to do with finances/economics. Nugget one of the stories I was told was that in the 70's his brother and him transported a load of silver bullion in a shopping trolley. You can imagine how heavy this would have been but they needed to get it onto a train. They draped an old grey woollen blanket over it and asked a group of men to help lift it into the carriage. Back then there was a carriage where you could store your bikes,prams and other large items. You always had a conductor in that carriage to help you. You can imagine the conductors face when he saw a group of men trying to lift the trolley into the carriage.
Was it just luck or knew what may happen at the peak? .... what was the go with a trolley full of silver???
PrettyPrettyShinyShiny, he had just made a large purchase of silver bullion, didn't own a car and was moving the bullion. So the only way he knew how was to load up the trolley and travel on the train to his destination. I was just picturing this guy at the train station with a trolley full of bullion. Apparently the trolley was loaded. As for timing the 1980 silver peak I think that just came down to his gut feeling something wasn't right and I am sure some luck. I don't think there was any science behind it. He said he got in and out very quickly of the Poseidon boom in 1969 because he was nervous. He made a modest gain on Poseidon. His friend wasn't so fortunate and got smashed in 1970. The Poseidon bubble caused a lot of grief and hardship for his friend and his friends family and I think that stuck with him. He kept informed the best he knew how and wasn't greedy. It's funny he was never interested in the money, it was all about having an interest in the markets. A true gentleman to boot as well.
