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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (7606)2/16/1998 3:25:00 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 116994
 
The cheapest way to "buy silver" =recycle silver. Some of my recycling projects throw off 10 TIMES the amount of silver as the Gold! Since my gold cost per Troy Ounce is only $20 per oz., yes, AFTER refining charges, that makes all my silver free, not to speak of the copper and nickel recovered as well. Something to think about...

The reason why I mention it is two-fold, one is: what is true in fabrication is basically a mimic of natural deposits and proportions found therein.

more on the subject at:
worldaccessnet.com


The second cheapest way to buy silver is 40% USA 1965-1969 silver half dollar...at least there, you have a downside protection of face amount... plus the currency hedge of being in US denominated hard currency instead of our "loonie" northern friends. (grin)

Currently selling for in the neighborhood of 62c a piece, the halves are worth 50c at all times, which is a protection of 12/50ths or 24% downside.

If you buy silver miners which will cost you XYZ per share---and the more that come "back on line" the more their very re-emergence will drop the price of silver---currently at approx $6.90, your downside risk of of 24% would hold you until a $5.24 per oz price.
And you sleep well at night
there are no assay charge
Plus you aren't at the vagaries of drill results,
earnings,
takeovers,
and Buffet/Soros/Hunt manipulations...

Remember...recycle it and get silver FOR FREE which is NO downside risk... ( worldaccessnet.com )
or
40% USA silver halves from 1965-1969, full or partial bags as close as your nearest yellow pages or Yahoo search.

Good Investing!
O/49r