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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 8:51:49 AM
From: Claude Cormier	Read Replies (1) of 78419

- That being the case then silver should be 500.00/oz and gold 8.00 Not possible. Because there is much more silver in the crust of the earth than there is gold. In fact approximately 16 times more, I think. As silver prices increases, much more would be produced. Gold has the best balance for a monetary standard. It is rare enough and its rate of increase in production over years approximate the rate of increase in the population growth as well as the rate of growth of all goods and services. -Silver is running out....gold is abundant everywhere on the planet. Yes there is more gold above ground...but it is not available at any price because it is hoarded. > When silver reaches 20 bucks believe me silver will then turn into instant money and Kodak will be screwed...AMEN! Silver demand is inelastic. There is too little of it that is use in the various industrial applications. So industrial users will simply have to raise their prices. > As far as an investment? Silver has FAR more leverage than gold. Gold may double, silver can increase 500% easily. That I can agree... but gold is not an investment, it is a store of value, money. Assuming we would return on a physical monetary standard, gold would be the logical choice. But this doesn't mean that silver could not be use as well to complement gold, to some degree. In fact, anything can be used (and has been) as money. I am just saying that gold is the best suited to be the best metallic component of a monetary standard.

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