Originally Posted by
Pnutfarmer
Metalbestos...GM stock only rebounded after the bankruptcy restructuring that rendered all common shares worthless and left the shareholders holding the bag. I learned about that the hard way. I didn't lose a large amount, just all of what I had put in it.
I do wish gold and silver would stay up. It is tough telling people who I buy
escrap from that I can't pay what I did before or not at all on some items.
I had guys that I worked with at the time ask me if they should get in on the bargain basement prices of that GM stock. I informed them of that risk and they luckily DID NOT buy into the shares with their retirement $.
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