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Gold/Mining/Energy : Silver prices
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To: goldsheet who wrote (3160)12/17/2000 4:42:12 PM
From: Alan Whirlwind  Read Replies (3) of 8010
 
Silver consumption is also going up. And my guess is in a high tech world, new demands for silver will appear.

New mines come and go. Some only have 5 years of real life. Once a mine is played out, it is one less body of ore that is around to be discovered. At some point, silver will be tight enough for investors to pile into it. And that's all most of us need look for. If the metal actually becomes severely scarce, that's just icing on the twinkie. One may argue about when this might come about, but I don't think silver can sit around $5 indefinitely and still have as much primary production as now.

I'm also wondering how much of the silver credits of these various mines are hedged out. How about the primary producers? Do any of them hedge out? What would a decent move in silver do to their books? A move up to $6 might just leave some looking sorrier. Upside potential versus downside possibilities puts silver in a positive light.
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