Silver prices Message Board

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Gold/Mining/Energy : Silver prices

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To: Ming who wrote (850)	3/8/1998 9:36:00 PM
From: philv	of 8010

Ming: My view only: The POS is not high in historical terms and especially when inflation is taken into consideration. For someone to have bought silver in India, which is most likely in the form of jewellery, it is hardly worthwhile to take that jewellery back and have it re-cast and refined and returned to world markets. There is a substantial cost involved. Yes, that was done in the heady HUNT days, some 15 years ago when it peaked at more than 5 times todays price. Silver is more volatile historically than gold. kitcomm.com If you look at the last column, you can see the volatility from year to year measured in percent. So, for me, I am content to take a longer view. The recent drop may have more to do with the completion of Buffett's purchase than any selling by Indians. Phil

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