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

To: Casey who wrote (969)	3/31/1998 8:46:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 8010

OK I have looked at it. I have to admit that I am prejudiced immediately against anyone who relies on inflammatory rhetorical figures of speech and capitalized words for emphasis. So I will have to go back and study the adduced facts more carefully. Thank you for giving me the URL. I have been invested in and following the silver market for about fifteen years. Over that time, silver has been radically discredited as a speculative vehicle and even as a long-term investment. Adjusted for inflation, the price of silver is--or was until recently--about where it was when its value was guaranteed by government coinage. It has many industrial and medical uses. It's in short supply. The dishoarding provoked by $40 per ounce prices is not in effect. And there's not that much of a hoard. Not many ordinary people--or even thieves--want to go after silver at current prices. The downside argument is therefore pretty weak. But I do not recommend anyone speculating in silver futures. A few may make huge profits but most (like 95%) of ordinary investors will get whipsawed or overstay the futures market. Either do like Buffet and put 5% of your net worth in fully paid-for silver or buy a mining company, such as PAASF. Get out when you have 100% profit and never get in again.