Silver prices Message Board

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Gold/Mining/Energy : Silver prices

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To: philv who wrote (1181)	5/24/1998 12:15:00 AM
From: kingfisher	Read Replies (2) of 8010

Phil, Thanks for that info.I read the report by Armstrong on his reasons for selling silver.He stated that all of the worlds silver ever produced still exists.I find that statement irresponsible.It would be interesting to know how many million ozs per year is lost by normal manufacturing process .For example can Kodak recover 100% of all silver used in photography?I do not think so.How much silver is sent up a refineries smoke stack etc..There are I am sure countless examples of silver destroyed, buried or altered forever. The suggestion that an effective investment strategy would be to go long gold and short silver.I can just see professional traders salivating at the prospect of thousands of amateurs shorting silver.What a huge bear trap would be sprung on those fools! Richard

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