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To: rails99 who wrote (92561)	7/18/2001 11:20:30 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 95453

This was my first physical silver purchase (I already own some physical gold). Decided to take some silver to diversify and for reasons that have been stated on the thread, specifically, fairly stable demand yet steadily decreasing inventories and production worldwide. Through some recos, I used these guys (this is not an endorsement): tulving.com tulving.com In the past for gold purchases I used a local dealer who is primarily a coin dealer but also deals a lot of bullion. I chose an (undisclosed #) of 100 oz Englehard bars, as well as the 40% silver bag. I liked the silver bags (which are pre-1970 JFK half dollars, 40% silver) because the current premium value/face ratio is low (about 35%) and the price is close to melt/spot value (about .25/oz over). If silver prices collapse, the coins have a face value limiting my loss to 35% max. If they rise, the sky is the limit, so to speak. Kind of like buying calls... I also bought some 1/10 oz American Eagles. They had a special on and the price was reasonable. Who knows, if things get REALLY bad, I may need to pay my DSL bill with 'em...;) They ship for free, the prices seem pretty good and per correspondence I had with other SI posters, they are trustworthy. They take checks or bank wire transfer, they lock in the price when you order and deliver the day after they check clears or the wire transfer is received. I haven't recevied the goods yet, I'd expect to next week. They ship the larger items (the silver bars and silver bags) by UPS ground, and ship gold coins by overnight air (USPS, I believe). I'll let you know how everything looks when I get it... EDIT: This purchase represents an EXTREMELY small part of my overall investment portfolio, approximately .2%, bringing my overall bullion holdings to about 1% of my portfolio. I really hope it DOESN'T increase to 10% of my holdings, if it does, you'll know the country is in fairly deep $hit. If it increases to 50% or more of my holdings...errr, best not go there! Regards Patron

To: rails99 who wrote (92561)	7/19/2001 5:48:53 AM
From: Ditchdigger	Respond to of 95453

Morning Rails, here is another source to purchase Eagles, etc. Shipping is $10 for up to 10 1oz Eagles. I've purchased through them with no problems..Like to keep a few in the gun locker,,ya never know<g>..;^)DD

To: rails99 who wrote (92561)	7/19/2001 9:40:44 AM
From: Frank Pembleton	Read Replies (2) \| Respond to of 95453

Rails, IMHO silver is totally under-represented and misunderstood by this thread. So, I've decided to take it upon myself to "pound the table," and re-energizes everyone enthusiasm. Ultimately silver is more than money; it's also more than an element in camera film, it’s growth and demand has been primarily driven from the Tech, Bio-Tech and Industrial sectors. Last year the demand for silver was at record levels, 920 Moz was used and yet there was a deficit of 150 Moz between supply and demand, which was made up by both China and India. Official estimates show China with 130 Moz in inventory while India is in at an estimated 80 Moz. By looking at the inventory numbers of both of these countries you can see that the lid is about to blow. One of the questions I have, and maybe the group can enlighten me as to why Apex gets more attention than Pan-American? The reason I bought PAAS is because they are the purest of silver pure plays; an estimated 50% of their income is derived from silver. Where Apex is primarily a zinc producer with more than 2/3 of their income is coming from this base metal. Another point that’s overlooked is that PAAS is a consolidation play, they only have 1% market share and have indicated on numerous occasions that they would be aggressively shopping. Also Mr. Gates keeps increasing his position, not because of the high demand in the tech sector, but because this is a Bridge playing intellectual exercise of adding another billion or two to his net worth. Since PAAS as a paltry market cap of $100 million, me thinks we have a ways to go, and it'll go until we see the spotlight of the anti-trust committee. Just remember silver is the ultimate precious metal, minus the “black helicopter gang” of Kudlow, Forbes and Kemp. Regards Frank P.