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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Raja who wrote (3064)	11/18/2000 10:05:00 AM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 8010

It wouldn't surprise me if Kodak is hedging itself against higher prices by buying stock in silver producers. In any event, low silver prices are a boon to Kodak. The current price of silver is pathetic. Of course, there are instances in history where great plenty has been replaced with severe shortage in short spans of time. It is my opinion that medical and other uses for silver will replace jewelry and photography in time. However, production of silver must slow if we are ever to have our spike up. Perhaps these pathetically low prices will help do just that.

To: Raja who wrote (3064)	11/18/2000 10:18:03 AM
From: Little Joe	Read Replies (2) \| Respond to of 8010

Raja: "1Why doesn't KODAK for example say anything??" Why would a user of Silver want to support higher prices? Live long and prosper, Little joe

To: Raja who wrote (3064)	11/18/2000 1:59:24 PM
From: goldsheet	Respond to of 8010

Historically, a 16:1 ratio was considered "correct" for gold/silver and was actually the basis for the bimetallic standard as implemented in the United States. Gold, however, was set at $US35 so I am not sure how viable such a ratio still is. If you look at the gold-silver ratio from January 1, 1975-to-date, you get an average of 57, with a high of 101.8 (22 FEB 1999, AU=357, AG=3.51) and a low of 14.6 (2 JAN 1980, AU=91, AG=37.10) goldsheetlinks.com The current ratio of 57.2 is very close to the 25 year average.