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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Follies who wrote (35744)	6/23/1999 1:32:00 PM
From: Alex	Read Replies (1) \| Respond to of 117015

I believe Buffett is correct in saying that silver is undervalued.

To: Follies who wrote (35744)	6/24/1999 1:42:00 AM
From: James F. Hopkins	Respond to of 117015

Silver is somewhat under valued, but it will never hope to go back to old traditional values vs Gold. 1, It's much cheaper to produce silver than it ever was, new technology has allowed copper miners to recover silver from ore cheaply that they use to discard, now it's a paying by product. 2 Film , it's getting where every one has a Camcorder , and digital camera's are coming on strong, The Film industry was the largest users of silver, and as technology advances even film now requires less silver. 3 While the cost of getting gold out of the ground has also come down, it's not yet a by product like silver is, anyway in a nut shell the old relationships silver vs gold are no longer valid due to technology and substitutes for a lot of silvers older uses. ------ Last Gold may not have to go up in value to make money if you own the mine that can get it out of the ground cheaper than any one else. It's not just how much these yokels claim to have in reserves either, it's production cost that will make or break the future of any gold mine.