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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From: koan	3/6/2007 8:35:05 PM
	Read Replies (5) of 78424

Claude says: "Time will tell how this will unfold. But I personally believe that gold is about to start outperforming all commodities." koan: With all due respect, I do not see what evidence this is based on? I have been hearing that gold is about to bust out for 26 years and it never did. With regard to silver versus gold there are several reasons why silver is the better investment, in my opinion. If I buy a gold company it is almsot by mistake.: 1) silver will follow gold like the tail on a dog, but is also an industrial metal and will easily double before gold. 2) 80% of silver is produced as a by product of other mining e.g. zinc,gold,etc. so it is very inelastic to price changes and on top of that there are very few good silver depositis in the world. So the whole world will have to pile into just a few silver mining companies. There are zillions of gold mines and as one person said if gold were $3,000 an oz you could mine the entire state of Neveda-lol. 3) Silver has been running huge deficits for years, but there is a lot of gold above ground. In fact almost all of the gold ever mined is still here. silver is used up, in things like nickel/silver solder. But most importantly, why wait for gold to move (which it will eventually) and miss the tremendous opportunities the worldwide second industrial revolution is providing us for profits in other metals. We have a huge industrial and financial paradigm shift taking place in the world. 1st and 2nd worlds now split GDP about 50/50! All large iron ore ships are contracted through 2010 and one company pays a 10% dividened. Analysts see no decrease in the consumption of metals for as far out as they can see. And last if gold does make a huge move it only takes a few seconds for me to sell my nickel and zinc plays and buy gold plays. Why just sit and wait and miss all of the other opportunities??

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