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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Richard Mazzarella who wrote (570)	2/5/2001 10:50:05 AM
From: midbob	Read Replies (3) of 4051

This message is open to anyone who can help! I am interested in investing in Silver. Have looked at three different ways. Silver bullion (heavy and must be stored somewhere secure), Bank certificates, or purchase shares in pure silver companies such as Hecla or First Silver. I would also like to know if silver goes up a dollar which of the three ways mentioned above would gain. I currently have 1000 ozs in a Bank Certificate but have heard that in the case of silver going up the bank might default. I find this hard to believe but this is Canada and anything goes. A friend of mine told me that there is a multiple rate to a share for every dollar silver goes up a share in a silver company would go up by three times. If I use FSR today at 57 cents versus silver at 4.70 I would sure like to know how a share in a silver company benefits when silver does go up (is there a multiple) and I do believe in supply/demand and it will go up. Just a matter of time! Ted Butler makes a very strong case. Thanks for any assistance you can provide me. Midbob

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