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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (40930)	1/4/2011 5:49:22 PM
From: Madharry	Read Replies (2) \| Respond to of 78451

sometimes you toss out opinions like they are facts. are you talking about the price of silver and gold or the price of silver and gold mining companies or both? In my opinion the gold and silver shares are not ahead of themselves at all if you believe gold above $1200 and silver above $25 are reasonable levels. Now i have seen statistics that if you compare the amount of gold and silver in existence with the amount of money circulating that gold and silver are way undervalued. the cost of producing an ounce of gold seems to be going up so much annually that most large goldminers are unable to replace their reserves except by going out and making acquisitions. The cost of production of silver is even more difficult to determine because the vast majority of silver is mined as a byproduct. No question though that its reasonable to expect 20% movement in either direction over the course of a year just like we do with individual stocks. I am willing to make a prediction that over the next few years at least one government will figure out that they can make plenty of money by selling legal tender coins that are 90% silver for face value of silver, and that these coins will be pretty popular. i would certainly be happy holding a bunch of $30 legal tender us coins that are 90% silver.