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To: re3 who wrote (59101)4/25/2002 4:49:42 PM
From: bambs  Read Replies (1) | Respond to of 77400
 
stock = paper, requires faith and trust

silver = sits in a safe, i trust my eyes

long long term protection...5% of my net worth will be in physical silver. it will likely still go up 5-10 times minimum over the next 30 years. if silver is at $15 in 2032 it will be better then a 30 yr bond at current prices...as silver rises in value you don't have captital gains until it's sold..unlike yearly interest or dividends.

I think of owning some silver like owning a perfect piece of property that is portable. It's currently trading near mining cost. as energy prices rise over the next 30 years it should rise with it. as silver gets harder to get to because high grade mines or mines near the surface of the earth get used up it will rise in price. labor costs in silver should rise with time. short position on silver is said to be between 2-5 years mining supply. gov silver reservers are nearly all gone worldwide. silver has been used up over the years unlike gold. silver is used in many manufacturing processes. even with out strong film demand in the future there are many uses for silver.

any how..i got to run...

www.silver-investor.com

bambs