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

To: craig crawford who wrote (3780)	9/7/2001 3:16:55 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 8010

Craig, For sure silver is an industrial metal before anything else. But it is also considered by many as a contrarian investment like gold. Even if it has lost its monetary role (unlike gold), it remains a store of value that is the buildingblock of wealth in many part of the world. The current silver price is an anomaly given the natural gold/silver ratio of 1:66, the annual deficit and the tumbling worlwide inventory stocks. Like it did in the 1970's where therewas no economic growth, silver has the potential to move much higher in price when investor demand picks up. As you clearly explain on the comodity thread, investors will start looking for undervalued asset. The silver market is a tiny market with less than $4 billions in annual trade. It will not need a lot of dollars to chnage that gold/silver ratio in a positive manner.