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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1511)	10/18/2000 7:32:48 AM
From: re3	Read Replies (1) \| Respond to of 4409

<<<It will be Gates and Buffet who send the price down to $4.10 as they scramble to save their two cents. Aren't you glad you don't believe it? was it me who reminded you of Gates and Buffet ? Gates owns a hunk of pan am silver which is not silver itself. i don't know who he'd sell his stake to, perhaps a franco nevada might want to pick it up if he didn't want it Why do you think Buffett might sell ? how many trades does he make a year ? i think he said he wanted to spend more time at the matinees anyway <g>

To: ahhaha who wrote (1511)	10/18/2000 9:37:17 AM
From: russwinter	Read Replies (1) \| Respond to of 4409

Your comment, < The hard fact is that material goods in the world can be created for practically nothing due to technology>, sounds like the new economy argument that is now gradually (or quickly judging from today's market action) being debunked. The reality is that the "building blocks" (commodities)of the so called "old economy" are becoming more scarce, and more dear. Have you looked at the CRB since the beginning of this year (182 to 224, up 23%). Oil and natural gas have skyrocketed, PGM's have skyrocketed, basic metals like copper are lifting. I think the lack of demand for commodities from new era types, is more a product of your imaginations, then hard reality. And it is going to get worse (or better if you are a commodity based investor) because capital has been so badly misallocated out of resources in recent years. There is a three or four year lead time to bring projects on stream, and few are being started. And new exploration? Hardly happening. Where are you going to get this material, out of stockpiles? I don't think so. Finally, today's PM prices have little to do with the traditional "supply and demand" equation you seem to accept. Those particular metals are being used in perverse finance schemes, and as a credit creation tool by dealers and certain misguided producers and central banks. When the credit ratings and "anti-hard money" strategies of these entities (have you seen some of their stock prices lately) start to unwind and a few (or more) of them fail, the lid on PM prices will lift in a heartbeat.

To: ahhaha who wrote (1511)	10/18/2000 3:42:14 PM
From: GraceZ	Respond to of 4409

The gradual is a killer because it expresses long term structural weakness I'm doing my part using up as much silver as possible in my photography business, but I have to agree with you when I think about how much silver there is in digital "film". In the old days (1970s) you could have quite the party with your silver recovery money. Now silver recovery is an EPA induced expense. Even my dentist uses nothing but composite materials now and digital x-rays.

To: ahhaha who wrote (1511)	10/18/2000 10:18:48 PM
From: s.jennings	Read Replies (1) \| Respond to of 4409

What's changed since April of '99, when, according to you, silver was a screaming buy? (posts 1830 and 1841 for example on the Silver Prices thread)

To: ahhaha who wrote (1511)	10/19/2000 5:08:32 PM
From: s.jennings	Read Replies (1) \| Respond to of 4409

<<Tell me which silver company will buy BAY in this quiet erosion?>> If the price of silver goes down, the demand for low cost reserves goes up. This makes BAY more saleable, if somewhat less valuable. Regardless of metals prices, mining companies will continue mining. It's simply what they do.

To: ahhaha who wrote (1511)	11/16/2000 4:15:12 PM
From: LLCF	Read Replies (1) \| Respond to of 4409

Enjoyed this post... was linked in recently: Message 14604110 <The hard fact is that material goods in the world can be created for practically nothing due to technology. How does anyone make any money? In that kind of environment please tell me how valuable PMs are.> Just to follow through on the above thought: If material goods are produced for practically nothing {presumable because of no labor costs} and no one is making money... it seems we have a potentially massive unemployment problem brewing as the above becomes reality. Won't the government go banana's printing money to take care of everyone? Thanks in advance for response anyone. DAK