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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (35179)	3/7/2007 7:31:47 AM
From: que seria	Read Replies (2) \| Respond to of 78425

koan: You might want to read this article by Fekete usagold.com It's long but read the sections captioned Constant Marginal Utility, Bimetallism, and Why Bimetallism Failed to get an historically accurate snapshot. Many books on U.S. and world monetary history make the same points in more depth. You may want to reconsider whether "as a monetary unit silver is as valid as gold." Once was, but that ended as the 19th Century ended--at least in the U.S. and most of the world. Portability (value relative to weight), rarity and universal acceptance of gold compare very well to silver. Silver's byproduct status in mining means its supply is more inelastic than gold's, which is part of how it got into a huge surplus until quite recently. Even with now-reported annual supply/demand deficits, I'm not in the Ted Butler camp so I don't see a looming bidding war for silver.