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Old 04-02-2004, 03:01 AM   #1
DarkJedi
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Silver just busted through $8. WTF is going on?

Time to invest some $$$ ??
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Old 04-02-2004, 03:03 AM   #2
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war dude
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Old 04-02-2004, 03:04 AM   #3
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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
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Old 04-02-2004, 03:08 AM   #4
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Quote:
Originally posted by turbo
that usually means it's too late to invest...
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Old 04-02-2004, 03:12 AM   #5
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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?
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Old 04-02-2004, 03:29 AM   #6
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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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Old 04-02-2004, 03:58 AM   #7
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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.
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Old 04-02-2004, 04:03 AM   #8
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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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Old 04-02-2004, 04:16 AM   #9
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Quote:
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.
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Old 04-02-2004, 04:23 AM   #10
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Quote:
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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