When investing in appreciating assets like silver, gold, or luxury items, yesterday's price is gone and will never return; assets that have already appreciated significantly (like the Ferrari 355 Spider rising from £30,000 to £90,000) will never be available at their original prices, making it essential to understand that past prices serve as reference points rather than future guarantees.
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The Truth About Silver & GoldAdded:
I was saying to people, for years, maybe you want to be in silver and gold. Hey, I don't do financial advice. I just tell you my financial experience. And some people went in and they're really happy.
Some people sat on their hands cuz they're like, "Oh, it's already gone up, so I'm not doing it anymore." Well, you can't really compare tomorrow's price with yesterday's price. For many asset classes, yesterday's price is gone. I remember looking at Ferrari 355 Spiders for 30 grand. Well, now the Spider's 90 grand. It's gone up 300%. The GTS is 120 grand. I'm talking pounds. You're never going to get one for 30 grand ever again.
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