Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Proud Deplorable who wrote (1962)	11/17/2005 7:43:56 AM
From: PaperPerson	Read Replies (1) of 78419

Ralph and Claude, Whether you call silver a monetary metal or an industrial metal or a hybrid, I think we generally agree here that this a valuable element that is still quite cheap compared to how hard it is to wrest from the earth. Also, it is undeniable that silver, which is one-sixtieth the price of gold, has been valued through the ages at a much higher ratio. My various readings show that has ranged from a tenth of the price of gold to maybe 1/20th! Only in the last few decades has the ratio rotted to its current heights. I confidently look to a return to a more reasonable ratio. With gold at $500, that would put silver at $25. That is my bare minimum for moving toward the exits. Hence my excitement about Bear Creek Mining and Silver Wheaton, which is a back door safer way to play Bear Creek in my view. Thanks to Claude for his valuable counsel as to the merits of Bear Creek! It is good to remind ourselves that silver has already been 650 percent higher than today's $8 level, and that was 25 years ago! A 500 percent increase from today's u.s. silver spot price of $8.00 would put the metal at $40. Silver hit $54 for a brief time during the Hunt Bros. short squeeze in 1979, peaking in early 1980. buyandhold.com Michael in Sarasota

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