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

To: PaulM who wrote (12210)	5/26/1998 11:20:00 PM
From: bobby beara	Respond to of 116836

Paul, Not familiar with that ratio, but if we reverted nearer to the mean, I would be much less mean. : - )

To: PaulM who wrote (12210)	5/26/1998 11:32:00 PM
From: TD	Read Replies (4) \| Respond to of 116836

Paul, excuse my intrusion, regular reader do not post too often. I know you want Bobby's answer but here is an additional 2 cents. Silver is distributed in the earth's surface at roughly 15 to 1 ratio to gold. What I find interesting is that there is four times more gold above ground than silver. These numbers are approximate and come from the silver institute and world gold council. Round numbers 1 billion ounces of silver and 4 billion ounces of gold. Since silver is four times more rare ABOVE THE GROUND (not in the earth) isn't funny it sells for 57 times less? It would not take a lot of money relatively speaking to corner the silver market. If a panic really does grab the financial markets, Y2K, stocks dropping, currency crisis, stick-em the slick-em willy, etc. The rocket could take off! To illustrate how precious the precious metals are if everyone in the USA bought 4 ounces of silver tomorrow there would be none left in the metals exchanges or goverment stockpiles. Compare that to how much gasoline is used per capita, or corn flakes, or loaves of bread, or 2x4 lumber in the buildings we see everyday. You might wish to look at the forbes article this week on pages 52 and 53, it explains the inflation adjusted price of silver, very interesting....