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Monday, April 25, 2011

Dark Lining to the Silver Cloud

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Shortly after the Hunt brothers tried to corner the silver market in the late 1970s, I thought it could be a good time for me to buy cheap then sell high. So every year for the next 30 years, I looked up the price for an ounce of silver. I was waiting for the market to begin an upswing and then I would make my fortune. Yet, for every one of those years, silver kept an unprofitable love affair with the $5 mark. I gave up.

Over the this weekend, as I sat reminiscing over my lifetime of failed projects, I happened to look up silver's price. There the ticker sat, mocking me at over $45 an ounce. Instead of cashing in millions of silver bullion bars, I'm cashing in on plans untouched by my action. I missed again.

Next time, I'll get it. Next time, for sure.

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