Silver investment [Archive] - Divine Cosmos Discussions

Jeremy Weiland

07-03-2002, 07:52 AM

Hi group,

I've been told that gold is a good investment right
now, especially gold coin in small denominations.
Would the same logic apply to silver coin, and if not,
why?

Thanks,

Jeremy

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William Foster

07-03-2002, 09:03 AM

<table bgColor="#ffffff">
>Hi Jeremy:
>Not as much for silver as silver is more an industrial metal than a precious metal. Lately, it's been riding on gold's coat tails. 
>yours,
>Bill Foster
>
<blockquote style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
style="FONT: 10pt arial">----- Original Message -----
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: Jeremy Weiland (greenlantern113@yahoo.com)
style="FONT: 10pt arial">To: asc2k (asc2k@yahoogroups.com)
style="FONT: 10pt arial">Sent: Wednesday, July 03, 2002 7:52 AM
style="FONT: 10pt arial">Subject: [asc2k] Silver investment
>
<tt>Hi group,

I've been told that gold is a good investment right
now, especially gold coin in small denominations.
Would the same logic apply to silver coin, and if not,
why?

Thanks,

Jeremy

__________________________________________________
Do You Yahoo!?
Sign up for SBC Yahoo! Dial - First Month Free
http://sbc.yahoo.com
</tt>

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Tarzan

07-03-2002, 10:36 PM

<table>
>Jeremy,
>
>Go for the gold, yes; shoot for the silver, even better.
>
>Silver has a far higher upward potential than gold. Historically silver has always been about 16/1; sixteen ounces of silver equalled one ounce of gold. Locally we have an active gold mine called "Sixteen to One Mine", still active from her beginnings in the 1800's. Now the silver/gold ratio is 63/1 (based on today's London spot price) and its been this way forwhile now; for the last several years, the ratio had been in the 50's, like 53/1 or so.
>
>Yes, Mr. Foster is correct that silver is an industrial metal, but it is also a valuable precious metal. The industrial demand for silver is very high and inelastic; the supply for silver is short and inelastic--the shortfall in the supply/demand has been made up in the last 15 years or so by the central bank'sleasing off their stocks of silver and, since the silver prices are so out of whack with the historical ratio, it is making more sense to melt down the silver and use them for industrial/jewelery purposes and keep on paying the lease than to return the silver back to the banks. The shortfall made up by the banks is about 1/3 of the total demand right now. The banks are almost out of their silver, so when they run out(sometime early next year or sooner), the price of silver will shoot up rapidly. Why the bloody banks leased off their silver stock is beyond me. They had to have known that the silver would never return, so I suspect that they leased their silver in order to keep the silver prices artificially low and that by the time silver finally shoots up, that the GAME will be over for them as well as the rest of us.
>
>Both the prices of silver and gold are fixed in London in the London Fix spot prices; the London Fix is set by the Bank of England, under the direction of the Rothschilds. The banks still have large (formerly huge) reserves of gold to dump on the market in order to keep the prices low on gold, but they do not have inexhaustible reserves and cannot keep the fix on gold/silver forever and the day of reckoning is beckoning ever closer. Already gold is up about 16%; silver's up slightly less--all despite the central banker's attempts to keep the prices down.
>
>Even with the upswing in the prices of gold/silver, they both are excellent investments, silver being the best because of the huge upswing potential in prices, with price levels of $20-$40 being very likely, along with price spikes almost double that. At today's price of gold ($311/oz), a historically-accurate price (at 16/1) of silver would be about $20/oz, which is about four times the price on silver today.
>
>Silver coin is a good investment also, but not as good as .999 bars of silver, though the coins are close. Coins are not pure silver, but diluted with other metals; only some silver coins in the 1800s are pure silver or close to it, as I understand it. The advantage of coins is that they are in convenient amounts/sizes, thus immediately tradable; whereas the bars of .999 silver would have to be assayed, which nicks into the profit levels a bit.
>
>I am going to the nearest big city with a friend of mine and we'll buy up several grand of silver very soon. I sure wish that I had several grand of my own money--I would not hesitate to sink all of it into silver right now--I had wanted to do so for the last several years, but my depression had kept me in check. Now it is more important to me to relieve myself of karma than it is to get silver.
>
>I've checked into safes for safe storage of silver and the safe prices are totally rediculous, so what I'll do is make safes out of 6"-thick concrete, lined with fiberglass on the inside for fire protection--I think that'll do the trick: comments anyone?
>
>Seth

William Foster

07-04-2002, 01:38 AM

<table bgColor="#ffffff">
>Hi Seth:
>You raise some interesting points. I hope you're right and gold rises as I'm long a lot of NEM Jun.'04 call options.
>
>My long position has less to do with what the banks will do and what stocks and the dollar will do and more to do with some very hard aspects coming up for the U.S. natal chart and transiting to transiting aspects. I tried to send a screen capture of these out to the year 2017 but the asc2k system would not allow them to go through.
>
>yours,
>Bill Foster
>
<blockquote style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
style="FONT: 10pt arial">----- Original Message -----
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: Tarzan (tarzan@ncws.com)
style="FONT: 10pt arial">To: asc2k@yahoogroups.com
style="FONT: 10pt arial">Sent: Wednesday, July 03, 2002 10:36 PM
style="FONT: 10pt arial">Subject: RE: [asc2k] Silver investment
>

>Jeremy,
>
>Go for the gold, yes; shoot for the silver, even better.
>
>Silver has a far higher upward potential than gold. Historically silver has always been about 16/1; sixteen ounces of silver equalled one ounce of gold. Locally we have an active gold mine called "Sixteen to One Mine", still active from her beginnings in the 1800's. Now the silver/gold ratio is 63/1 (based on today's London spot price) and its been this way forwhile now; for the last several years, the ratio had been in the 50's, like 53/1 or so.
>
>Yes, Mr. Foster is correct that silver is an industrial metal, but it is also a valuable precious metal. The industrial demand for silver is very high and inelastic; the supply for silver is short and inelastic--the shortfall in the supply/demand has been made up in the last 15 years or so by the central bank'sleasing off their stocks of silver and, since the silver prices are so out of whack with the historical ratio, it is making more sense to melt down the silver and use them for industrial/jewelery purposes and keep on paying the lease than to return the silver back to the banks. The shortfall made up by the banks is about 1/3 of the total demand right now. The banks are almost out of their silver, so when they run out(sometime early next year or sooner), the price of silver will shoot up rapidly. Why the bloody banks leased off their silver stock is beyond me. They had to have known that the silver would never return, so I suspect that they leased their silver in order to keep the silver prices artificially low and that by the time silver finally shoots up, that the GAME will be over for them as well as the rest of us.
>
>Both the prices of silver and gold are fixed in London in the London Fix spot prices; the London Fix is set by the Bank of England, under the direction of the Rothschilds. The banks still have large (formerly huge) reserves of gold to dump on the market in order to keep the prices low on gold, but they do not have inexhaustible reserves and cannot keep the fix on gold/silver forever and the day of reckoning is beckoning ever closer. Already gold is up about 16%; silver's up slightly less--all despite the central banker's attempts to keep the prices down.
>
>Even with the upswing in the prices of gold/silver, they both are excellent investments, silver being the best because of the huge upswing potential in prices, with price levels of $20-$40 being very likely, along with price spikes almost double that. At today's price of gold ($311/oz), a historically-accurate price (at 16/1) of silver would be about $20/oz, which is about four times the price on silver today.
>
>Silver coin is a good investment also, but not as good as .999 bars of silver, though the coins are close. Coins are not pure silver, but diluted with other metals; only some silver coins in the 1800s are pure silver or close to it, as I understand it. The advantage of coins is that they are in convenient amounts/sizes, thus immediately tradable; whereas the bars of .999 silver would have to be assayed, which nicks into the profit levels a bit.
>
>I am going to the nearest big city with a friend of mine and we'll buy up several grand of silver very soon. I sure wish that I had several grand of my own money--I would not hesitate to sink all of it into silver right now--I had wanted to do so for the last several years, but my depression had kept me in check. Now it is more important to me to relieve myself of karma than it is to get silver.
>
>I've checked into safes for safe storage of silver and the safe prices are totally rediculous, so what I'll do is make safes out of 6"-thick concrete, lined with fiberglass on the inside for fire protection--I think that'll do the trick: comments anyone?
>
>Seth

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