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Non-Tech : Invest / LTD
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To: Lucretius who wrote (3352)9/24/1998 8:44:00 PM
From: 007  Read Replies (2) of 14427
 
<BTW- if you are a central bank and the dollar is dropping and gold is rising and your debts are priced in dollars. What do sell for dollars to pay your debts? hint...it ain't gold!>

You may be giving these central banks more credit than they deserve. After all, they are the ones who are selling here at the bottom, and their policies are certainly part of the cause of the world's present financial condition.

<Silver is fine, but it is a couple years into the upcycle already and will peak a couple years before gold.>

That's not correct. Silver is up to 5.15 today, and since '94 it has traded mostly between 4.50 and 5.50. Recent exception being the Buffet Blip above 7. tfc-charts.w2d.com

Demand for silver is growing for industrial uses while the available supply may be as low as $50B. There just isn't much of it around to be dumped on the market. However, there probably aren't too many shorts in silver like there are in gold. I like both metals, but I suspect silver will outperform gold in percent increase.
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