Silver just busted through $8. WTF is going on?

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  • DarkJedi
    No Refunds Issued.
    • Feb 2001
    • 28301
    #1

    Silver just busted through $8. WTF is going on?

    Time to invest some $$$ ??
    Tags: None
    • Jdoughs
      Confirmed User
      • Mar 2004
      • 5794
      #2
      war dude
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        • 421Fill
          So Fucking Banned
          • Nov 2001
          • 20659
          #3
          I dunno... they did a story on the rising cost of silver on the news the other day... that usually means it's too late to invest, so it's ok for them to talk about it now. heh

            Comment

            • LiveDose
              Show Yer Tits!
              • Feb 2002
              • 25792
              #4
              Originally posted by turbo
              that usually means it's too late to invest...

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                • El Pres
                  Confirmed User
                  • Aug 2002
                  • 382
                  #5
                  Odd, because the biggest use of silver is in
                  film development which is in decline.


                  Does Buffett still hold a crazy amount of the worlds silver, is he buying again, or will he now start to offload his at this price?
                  http://www.sdm-soluciones.com/design/

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                    • DarkJedi
                      No Refunds Issued.
                      • Feb 2001
                      • 28301
                      #6
                      Holy shit, $8.47!!! 6% growth in last 24 hrs.

                      Silver is moving almost totally independent of gold at this point.

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                        • jayeff
                          Confirmed User
                          • May 2001
                          • 2944
                          #7
                          Originally posted by DarkJedi
                          Holy shit, $8.47!!! 6% growth in last 24 hrs.

                          Silver is moving almost totally independent of gold at this point.
                          If the price of gold were not being artificially depressed to keep people on Wall Street, I believe you would see gold rising at a similar rate.

                            Comment

                            • =^..^=
                              Confirmed User
                              • Jan 2002
                              • 6935
                              #8
                              Originally posted by jayeff


                              If the price of gold were not being artificially depressed to keep people on Wall Street, I believe you would see gold rising at a similar rate.
                              '

                              you know it
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                                • sacX
                                  Confirmed User
                                  • Dec 2002
                                  • 2998
                                  #9
                                  Originally posted by El Pres
                                  Odd, because the biggest use of silver is in
                                  film development which is in decline.


                                  Does Buffett still hold a crazy amount of the worlds silver, is he buying again, or will he now start to offload his at this price?
                                  Silver is used in heaps of industrial processes (electronics, jewellery, photography, chemistry, medical drugs and weapons manufacturing).

                                  Silver use has been increasing, but stockpiles have been descreasing for sometimes (the silver price has been artificailly kept low by governments selling stockpiles)..

                                  Also keep in mind a lot of silver mining operations have been shutdown also because of the perpetually low price.
                                  Have Asian Language Traffic?

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                                    • $5 submissions
                                      I help you SUCCEED
                                      • Nov 2003
                                      • 32189
                                      #10
                                      Originally posted by El Pres
                                      Odd, because the biggest use of silver is in
                                      film development which is in decline.


                                      Does Buffett still hold a crazy amount of the worlds silver, is he buying again, or will he now start to offload his at this price?
                                      Thank you for pointing that out.

                                      Silver is just too risky right now. There's too much of it.

                                      Try PLATINUM.

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