Corner Bay Silver (BAY.T) Message Board

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Gold/Mining/Energy : Corner Bay Silver (BAY.T)

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To: Claude Cormier who wrote (1649)	12/6/2000 3:50:57 PM
From: GraceZ	Read Replies (2) of 4409

Its interesting that you dismiss the possible decline of silver use in photography as important to the price of silver, yet I remember you stating that it accounted for a third of the silver used. The article from the silver institute confirms this. Reading this article I can also tell you that it is already dated. You can triple the pixels and half the prices quoted on digital cameras. This change took place in less than a year. The $25k camera they mention is now in the $3000 range. This is the same level for comparable professional film based camera equipment. Saying that people in third world countries can't "afford" digital ignores the number of cell phones and satellite dishes you come across there. Plus as the former communist countries embrace capitalism, you will see a corresponding rise in wealth what people can afford is a moving target. Keep in mind that the current supply-demand deficit is close to 150 millions ounces How long has this deficit been in place? How much effect has it had on the price of silver thus far? Looking at Kodak's numbers, it looks like their business is declining across the board, although there is good growth in China, Russia and the Asian areas....not enough though to account for the hit they took in currency conversion. The numbers for the digital side are growing at a much better multiple, especially the medical. I imagine if I take a look at Fuji's numbers I'll see similar results. You tell me the cost of silver makes little difference in the cost of film and paper, but this is only because the price of silver is so low. I'm old enough to remember when the price of silver was high and these guys were scrambling to find an alternative. The only thing that killed off that effort was a collapse in the price of silver! I leave off as CNBC is now talking about rumors of a serious pull back in Eastman Kodak film sales.

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