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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: lisalisalisa who wrote (124792)9/21/2001 5:59:27 PM
From: pater tenebrarum  Read Replies (4) of 436258
 
basically yes. silver is actually a hybrid of sorts...primarily an industrial metal, and certainly not a monetary metal in the sense that many CBs are holding it (although a few actually still are, but they have lent it all out, which means they don't have it anymore - and it can't possibly be given back, since inventories are at a seven decade low, and the annual structural deficit is between 150-250 m. oz... the size of the outstanding silver loans is estimated at 3 billion oz., or the entire global demand for 3 years).
still, silver retains some monetary qualities in the MINDS of people. and that is what is the important thing, not whether the CB bureaucrats think it should be a monetary metal. you can rest assured, in a gold bull market, silver will tag along, and most likely actually outperform.
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