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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (43502)	3/23/2002 11:23:29 PM
From: farkarooski	Read Replies (1) \| Respond to of 99280

Zeev: you can read up on silver through this gold-eagle.com (the silver section) investmentrarities.com silver-investor.com

To: Zeev Hed who wrote (43502)	3/24/2002 12:01:03 AM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 99280

Zeev, I have a little different view of the silver problem. During economically robust periods the mineral producers like copper obtain a fair amount of silver from the ground and process it as a scrap material. They do not depend on their silver sales for income and a small profit is all that is required. When the global economy slows, these companies close down mines - the supply of silver collapses and the demand is higher than the supply. I can not prove this but it makes sense to me. Interesting that the demand for silver for photography is still growing. Emerging countries are seeing an increase in the purchasing of photography equipment and it is not digital. One would think that digital photography would slow down this growth for silver for use in photography at some point in time. I don't think the Japanese are using gold as an investment. IMO, they are buying it to preserve the buying power of their capital. These people have savings - novel idea!!!!! Gold and Silver are very useful as a store house of value to people in a country that is experiencing a devaluation of their currency. If you were living in Japan and the government signaled that they were going to devalue the currency, your best bet is purchasing physical gold or silver. The Japanese are not stupid and lived through an asset market bubble and know what the aftermath brings. IMO they are smart and are purchasing gold or silver instead of US$’s. This gold can be exchanged in the future at the highest relative price of any currency in the world. IMO, it is the least risky form of money for them. No one can see in the future and our dollar could collapse overnight. If they had purchased US$'s instead of gold or silver they would be SOL if the dollar collapsed. Joan

To: Zeev Hed who wrote (43502)	3/24/2002 9:04:47 AM
From: Casaubon	Respond to of 99280

Zeev, I would think the noble metals would actually anticipate a bull market, not bear. Their industrial applications suggest higher levels of consumption, for their prices to rise. The inverse move in the dollar and gold is, however, forewarning an imminent currency crisis.