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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (58623)	5/5/1999 2:29:00 PM
From: Tommaso	Read Replies (1) of 132070

When companies like PDG steadily bring down the cost of producing gold, you wonder what can hold it up other than speculation. But if speculation can hold up electronic entries labeled "Ebay", it could happen again with gold. Silver seems more like a case of a useful commodity beginning to run short. More people have lost more money on silver for the last 20 years and more than on almost anything else, however, as the oversupply has gradually dwindled. It may be undervalued a good bit because of this--making me think of the lady who made a laquer screen out of ornate stock certificates about 1934 because they were so pretty to look at. After WW II ended she began to receive dividend checks for her piece of furniture and eventually got a pretty good income from it. I don't know if she tried to sell. So many silver producers have cut back or shut down that there could be a real squeeze, whereas there are still hoards of gold held purely as a supposed store of value. Nevertheless, I, too, hold a small hoard of gold coins in a safe deposit box and own some ABX and PDG. I guess my daughter will decide what to do with the gold. Maybe I could auction it off on Ebay!

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