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Gold/Mining/Energy : Silver prices

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To: jim watson who wrote ()	3/13/2000 8:47:00 AM
From: Raja	Read Replies (2) of 8010

Hi Everyone. Last couple of months I've read-up several relevant sites on the SI board, and researched about SILVER (especially commentaries by Mr. Ted Butler). Now I am convinced that Silver is undervalued and would like to buy/invest. My question is, should I be buying a "contract of purchase" or should I buy actual physical silver bars? During my research I read that the "contract paper" may be an unsafe way of buying silver, as there is likely to be a considerable shortage of the actual metal, and so when the silver price goes up I may not be able to sell the "contract paper" for a higher price as there may not be physical metal to back it up! Am I understanding this correctly? The problem of buying silver bars in Europe is that here private investors/buyers have to pay VAT (sales tax) of +17.5%. So unless the silver price doesn't increase over 17.5% it would be a futile investment. Of course I am also going to invest half of my funds in a silver mining stocks (e.g. BAY), where a rise in silver prices should positively affect the stock price. Would appreciate anyone's comments/opinions, as you guys seem to be very well versed in this field. many TIA Raja

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