Back in 1979 some friends of mine in Dallas were really into buying silver, as in pre-1965 silver quarters. They firmly believed the US financial system was on the verge of collapse due to congressional overspending. The US dollar would be worthless due to runaway inflation and the silver coins would be worth a fortune and be the de facto currency.
As a poor college student I didn't have much money to sock away in silver, but I bought 6 silver quarters which equals a little more than 1 troy oz of pure silver.
Was that a good investment? Let's see. In 1979, silver was about $11. per oz.
This year, 2022, my ounce of silver is worth $24.
What if I'd invested that $24 in the S&P 500 in 1979? The index has risen 12% on average since 1979, so my stocks in 2022 would have a value of $3,120.
So, $24 from silver or $3,120 from the stock market? You decide.
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