Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Larry Haraksin who wrote (352)	12/28/1997 10:59:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 8010

Eever since the creation of the FDIC in the 1930s there have been no bank panics. The closest thing was some uninsured savings banks in Maryland about ten years ago, but even that was quickly stopped. I am afraid that I still do not understand the direct connection between the Y2K problem and the price of silver. The inflation that is possible is another thing. The fed is already buying bonds and thereby adding to the money supply at a much higher rate than in recent years. The Y2K problem is just a somewhat more complex version of what happens whenever the telephone company changes the area code. It's probably a very good thing since it will cause a lot of obsolete software to be updated or replaced in the next two years, and will add to the efficiency of government as well as business. It will increase the income of computer programmers but seems unconnected with silver prices.

To: Larry Haraksin who wrote (352)	12/29/1997 12:40:00 PM
From: Gerald Walls	Respond to of 8010

I clerk at a grocery store. Last week a lady received her new dual use banking card from Wells Fargo. She was unable to pay using the ATM function but was able to pay using the card as a Visa. I looked at her expiration on the card and it was 07/00. This means in my book that Visa is way ahead of Wells Fargo in correcting their Y2K problem. Not necessarily. I just ran into the first piece of equipment that has the Y2K problem: a cash register with built-in card scanner at a Van Heusen (sp?) outlet store. It didn't like my 11/00 Discover card so the clerk manually entered the card and gave it an expiration of 11/99. My point is that I routinely use this card for everything from gas to groceries without any problem, so it might be that the problem is in the card reader and not with the card issuer.