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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Claude Cormier who wrote (6337)12/24/2002 1:33:08 PM
From: Elizabeth Andrews  Read Replies (1) of 39344
 
The difference is that the above ground supply of silver is in the hands of many millions of people who view it as discretionary money, while the same people hold a lot of gold but it is viewed as real money and gold is only exchanged for fiat in the most desperate circumstances or periods of abnormal price spikes. The central banks only have nominal positions in silver so there's no one large seller but millions of small ones that keep constant selling pressure on a weak buy side. The silver supply is driven by the inflation rate in countries like India, Indonesia and Mexico where it has been endemic for centuries and unlikely to change. The inflation rate in the USA is about to take a spurt, especially if the economy turns up a bit.
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