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 : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (8676)	2/15/1998 7:06:00 PM
From: David R. Schaller	Read Replies (1) \| Respond to of 14627

Bill, one thing about Buffett is that attempting to predict his next move is like predicting PFG's share price. His investment in silver represents only a 2% commitment of BH. Should he decide to bump the ante up to 4% he would basically deplete COMEX stocks. Whats hard to figure is his exit strategy...unless he wants to become the new COMEX. Regards, Dave

To: Bill Jackson who wrote (8676)	2/16/1998 11:43:00 AM
From: Enigma	Read Replies (1) \| Respond to of 14627

When I was in the gold mining business, not as a geologist or engineer I should add, the price of gold soared to over $800/oz. When that happened the miners threw almost everything into the bins, in other words what would normally be considered as waste was worth putting through the mill. At these prices, and all these years later, exactly the opposite will be happening in the world's mines - the better ore will be mined and the other stuff will be left behind. This, together with closings will reduce the supply of gold from mines. The only thing which will change this will be a sharp run up in the price of gold, say to $400 in a few months, which will mean a lot of heavy forward selling. So in a way, the best scene would be a slow rise in the price of gold. Things never happen in quite the way you want however