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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Claude Cormier who wrote (25439)11/14/2006 7:29:28 PM
From: koan  Read Replies (2) of 78409
 
Claude: "I prefer gold only stocks because they have a premium due to the fact that only gold is "saved" while others are "used"."

Koan: "That is exactly why I do not like gold as well as silver and base metals. They get used UP-lol.

Not only that, but silver is consumed in such small amounts much of it is not recoverable. And it will be much easier for silver ot go to $26 than gold to go to $1,300.

And now that europe does not allow lead solder more silver has to be used for that purpose. Silver will do anything monetarily that gold will do, but also act as an industrial metal.

And unlike gold silver is quite inelastick i.e. a higher price does not reduce consumption much. And most silver is mined as a by product of zinc, gold and copper mining so higer price cannot stimulate supply to the degree gold can.

On golds behalf I will say that over the last 25 years or so gold was one of the few metals one could make a profit mining.

Just my take on things.


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