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Gold/Mining/Energy : Coins...gold and silver
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To: Bradley Courter who wrote (1)3/17/2007 1:57:03 PM
From: Jamey   of 47
 
Historically, gold and silver has maintained a 10 to 1 ratio. Presently it is 50 to 1, probably due to the few large shorts in the millions of ounces on Comex. Above ground silver supply is around 200 million ounces with total silver at 300 million. For 15 years silver has been in a deficit, (less reserves each year) and is now 5 times rarer than gold. New uses for silver is being discovered every day and many see us in a negative deficit. (Unable to meet demand by 2010.)

More and more investors are hearing about the silver story and with the advent of the silver ETF coming on line, more than 120 million ounces have been taken off the market.

There are no negatives for silver and people like Jason Hommel, Ted Butler and other respected analysts are forecasting silver prices up to $300 an ounce as shorts are covered and manufacturing has no silver supplies. I see silver as a coiled spring, especially with emerging growth nations like China and India growing at 12 to 15% a year. Watch out above! The silver story is still in it's infancy.

Jim
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