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


To: goldsheet who wrote (3148)12/16/2000 7:52:55 PM
From: Claude Cormier  Read Replies (2) | Respond to of 8010
 
Bob,

We talk a lot about the silver deficit and depleting above ground inventories. But they don't really matter.

Silver is a $4 billions physical market per year, 6 times smaller than the gold market and thousands of time smaller that the stocks and bonds market.

At some point in time in the future, like it happened in the 70's when inventories were much higher and there was no deficit, something will cause investor demand to explode, and with it, silver prices.

The current silver market, relative to the mass of paper currencies floating around, is much much smaller now than it was in the 70's. The coming prices explosion will be also much more exciting.

There is only one thing we can't be sure of, and it is the answer to the famous question, When?