Rails, IMHO silver is totally under-represented and misunderstood by this thread. So, I've decided to take it upon myself to "pound the table," and re-energizes everyone enthusiasm.
Ultimately silver is more than money; it's also more than an element in camera film, it’s growth and demand has been primarily driven from the Tech, Bio-Tech and Industrial sectors. Last year the demand for silver was at record levels, 920 Moz was used and yet there was a deficit of 150 Moz between supply and demand, which was made up by both China and India.
Official estimates show China with 130 Moz in inventory while India is in at an estimated 80 Moz. By looking at the inventory numbers of both of these countries you can see that the lid is about to blow.
One of the questions I have, and maybe the group can enlighten me as to why Apex gets more attention than Pan-American?
The reason I bought PAAS is because they are the purest of silver pure plays; an estimated 50% of their income is derived from silver. Where Apex is primarily a zinc producer with more than 2/3 of their income is coming from this base metal.
Another point that’s overlooked is that PAAS is a consolidation play, they only have 1% market share and have indicated on numerous occasions that they would be aggressively shopping. Also Mr. Gates keeps increasing his position, not because of the high demand in the tech sector, but because this is a Bridge playing intellectual exercise of adding another billion or two to his net worth. Since PAAS as a paltry market cap of $100 million, me thinks we have a ways to go, and it'll go until we see the spotlight of the anti-trust committee.
Just remember silver is the ultimate precious metal, minus the “black helicopter gang” of Kudlow, Forbes and Kemp.
Regards
Frank P. |
