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Gold/Mining/Energy : Silver prices

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To: Ray Hughes who wrote (1677)	2/8/1999 8:03:00 PM
From: ForYourEyesOnly	Read Replies (1) of 8010

Silver Loans: That is my fundamental concern with the loan theory.....where could so much silver come from? My understanding of Mr. Butler's theory is that silver has been loaned out, sold, and consumed over a period of 15 years......15 years ago, silver inventories were definitely much higher than they are today, so I can see how there could have been more silver available......but 1B ounces is a lot of silver! What is your take on the possible level of outstanding loans? The lease rate market seemed to almost break down when Buffet caused the spike last year, but the rates quickly went back down.....is it possible Mr. Buffet leased out some of his silver to avoid charges of destroying the market? If not, how could rates spike up to 70% and back down in such a short period of time? Perhaps no one wanted to loan silver until they had an idea where the price was going? cairns.net.au Best regards, THC

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