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Gold/Mining/Energy : Silver prices
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To: David Luton who wrote (773)2/21/1998 8:50:00 AM
From: Tommaso  Read Replies (1) of 8010
 
I don't understand all the mechanics of the lease rates either, but it certainly seems reasonable that Buffet might take advantage of that.

I would think, though, that you would want to make sure that the physical silver was in some way under your control.

My impression is that for years speculators have been borrowing--leasing--silver at those very low rates and then using the physical silver as a hedge against short sales. Maybe sooner or later someone who understands the whole process will write a book about it.

But it sure would appear that shorting silver is a near-suicidal maneuver right now--the obverse of the squeeze the Hunts got themselves into.
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