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Gold/Mining/Energy : Silver prices

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To: Claude Cormier who wrote (3760)9/5/2001 1:03:51 PM
From: Frank Pembleton  Read Replies (1) of 8010
 
Claude, I've followed you and Russ around the PM groups for quite awhile, I doubt that I could ever debate you out of something. LOL!

Look, it's hard enuff as it is to convince people that gold is actually money, do you think it's easier with silver? I’m not playing silver as an industrial metal, I’m playing it because the historic ratio of 16:1 (to gold) is now 66:1, the potential for profit is bigger than it is for gold. So, do I need to take a chance on the speculative when I can go for the easier play? I'm a believer, no doubt about it, and Pan-American is my choice because it's a proven miner with a taste for M&A.

Anyway, I just know from experience that gold will move first, then silver. As for zinc? I'll wait till the auto industry stops cutting back production before going that route. This is nothing more than 1998 revisited.

Regards
Frank P.
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