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 : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (1283)	2/8/1998 9:17:00 PM
From: Richnorth	Respond to of 1756

biz.yahoo.com

To: IngotWeTrust who wrote (1283)	2/8/1998 9:28:00 PM
From: Lalit Jain	Read Replies (1) \| Respond to of 1756

ole 49r, Excellent post. My fertile mind isn't so fertile today due to a bad headache and a bad cold. However, thinking over the many possibilities, the only credible one I can come up with right now is they want to lease the silver out like a bank. Billy Gates is too much of a software nut for him to buy out all the silver and venture into hardware manufacturing. Plus in H/W the margins are lousy. I don't think Buffett wants to drive Ag prices skyhigh thereby driving Kodak/Fuji stock to the basement and then buying one of them. Although, this is a possibility, what how would Gates get his kicks in this venture. Of course, Soros is there where ever there is a buck to be made. Silver leasing is good. Have you looked at the silver leasing rates lately ? The banks are laughing very hard right now ! Yes my pick is "Silver leasing" - just like a bank. I will sleep over the options some more. Of course, the right answer could be worth millions of dollars to big money. Cheers, Lalit Jain

To: IngotWeTrust who wrote (1283)	2/9/1998 2:30:00 AM
From: paul ross	Read Replies (1) \| Respond to of 1756

I have a silver storage account with Wilmington Trust (a large precious metals depository in Delaware) and I am charge 75 basis points of the value of the silver stored, or 7/10ths of a percent. At $7/ounce, storage would amount to about $6.8 M per annum, assuming no volume discount. As far as a different form for the silver, perhaps a Warren Buffet commemorative investor's coin 1 ounce 999 fine silver available on Home Shopping Network for $39.95? <g> PR

To: IngotWeTrust who wrote (1283)	2/9/1998 7:14:00 PM
From: philv	Respond to of 1756

Ole 49r: Re: Buffett & Silver I's true, Silver and Gold pay no dividends, earn no interest, so why should anyone own even a small amount. In Buffett's case, he has reportedly placed 2% of his portfolio in physical Silver. If you accept the first sentence, he must therefore have a plan for his Silver holding: Sell at a higher price or lend it out. Fundamentals for much higher Silver price in the future looks good, as the stockpile has been depleting for many years, and sits today at another 13 year low in COMEX at 98,528,728 ounces. Perhaps he has concluded that Silver will be priced at much higher levels than is generally accepted, and he can recover his investment with a small Silver sale. Or, perhaps, he is hedging his fund in precious metals, not trusting the equity markets or the $US. Of course, the other alternative of lending Silver has been mentioned by Lalit. What I find disturbing, even a bit sad, is the need to analyze and attach motives to the purchase of precious metals. The buying of precious metals is always equated to dollars and future inflated dollars. Physical Gold is worth $300/oz. today, and has been a very very poor investment over the long term. Investing in the equities would have earned one a far greater dollar return. But what is a dollar? A dollar not spent on a real asset, a dollar tied up in the equity or bond market cannot be translated to wealth until it is converted into a real asset or service. If one has doubts about the markets or the dollar, better to buy a physical asset, an asset which is in short supply, an asset which is useful and in demand. Silver seems to meet that criteria at this time. Perhaps, even bigger players than Buffett have reached similar conclusions, and have made their plays... into Gold. Maybe, just maybe, the big players are beginning to lose confidence? Phil