When I was a kid, I couldn't afford good magnets (and most commercially available magnets were pretty sad by modern standards anyway). Then in college and grad school I could afford magnets, but too much of my stuff was on magnetic media and I was one oops away from damaging a floppy or a tape. But now...I have so many rare earth magnets. (I don't use 'em for miniatures, I prefer making pegs for swappable parts, but the fact miniatures people do use magnets mean that it's easy to find cheap tiny magnets.)
I found flamenco red paint matched the fists acceptably well, the wires are now painted over.
---Dave