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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (774)12/8/2001 12:35:35 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 39344
 
russwinter, >>hy on earth would Warren Buffet wish to reestablish leases on 4.25 silver?

Help me understand why you don't think he would.

TIA,

Joan



To: russwinter who wrote (774)12/8/2001 3:25:47 PM
From: Claude Cormier  Read Replies (1) | Respond to of 39344
 
Russ,

I don't know is Buffet really has his silver on leases, I doubt it, but if he does, I doubt he will renew them. He will keep the silver long at that is what could bring a liquidity crisis on physical silver.

As for production cut in silver due to base metal production cuts, I have read an estimate of 10% or some 50M ounces less silver in 2002.



To: russwinter who wrote (774)12/8/2001 4:11:24 PM
From: marynell  Respond to of 39344
 
"Why on earth would Warren Buffet wish to reestablish leases on 4.25 silver? Some of these reports baffle me."

Russ, as you know, the precious metals markets are not free markets. My guess, as I have posted here before, is that the U.S. government is coercing large silver holders like Buffet.


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