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

To: Bob Tate who wrote (9078)	3/31/1998 12:58:00 AM
From: James F. Hopkins	Read Replies (2) \| Respond to of 116762

Bob; There may be more silver around than you know of, I don't store silver in any vault..and know of a lot of people that have silver , lot's and lots of people been buying over the years and taking delivery..both coins and bars.., some copper mines stoped pulling the silver out of the ore..when it was so cheap, they have tons and tons of tailings they can re-work, don't discount the little guys, and the hidden stash, that can show up if silver pops up to and over $7 for very long. I learned long ago to take delivery..I can haul bars to Houston, and sell for market price any time, plenty people like me. The dealers in Houston and other big cities love us, ( they avoid commissions and shipping ). I avoid the second commission..and storage. The shipping is not as high as most people would think. I guess the bottom part of your post sort of points to that..while the markets saw the shortage just by what was in vaults, they had no way of counting how much the general public had picked up over the years and refused to sell when it was cheap. I'm not saying it's a wise thing to do..my cost basis is about 4.5 average..but I'v had most of mine almost 10 years, had I had that in simple CDs I would have made more money. But holding Silver is like insurance, you kind of got to hope you don't make big money off it, as if you do it's because inflation has run away and every thing else has gone to hell, including the dollar which in turn kills the value of other savings. So looking at it as Insurance you expect to lose some money ( as insurance is not free ) any one who want's to get rich off silver or gold speculation is asking for every thing else to go to hell. There was one time I would have dumped it a few years back, but was out to sea and didn't even know it had climbed up.. Jim