Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site fortune.UUCP Path: utzoo!linus!decvax!harpo!seismo!hao!hplabs!hpda!fortune!kiessig From: kiessig@fortune.UUCP Newsgroups: net.invest Subject: Re: SILVER - (nf) Message-ID: <1308@fortune.UUCP> Date: Tue, 26-Jul-83 19:17:45 EDT Article-I.D.: fortune.1308 Posted: Tue Jul 26 19:17:45 1983 Date-Received: Wed, 27-Jul-83 13:13:25 EDT References: <5727@sri-unix.UUCP> Organization: Fortune Systems, San Carlos, CA Lines: 27 Silver WAS a better investment than gold through the latter half of last year. Lately, though, the gold:silver ratio, and other indicators, seem to be saying that they are as good as one another. I would still favor silver a little over gold, but not much. If you decide on investing in the metals directly, I would suggest coins. Much more liquid than other forms. There are also things like certificates, etc., but they have problems. If you're considering investing in precious metals, may I suggest you try mining shares? There are several reasons for this. If a company can mine gold, say, for $300/oz., and gold is priced at $400, they make $100/oz. Now, if gold were to go up to $500/oz., and you were invested in the metal itself, you would make a 25% profit. However, the mining company has doubled its profits, since it is now making $200/oz. profit. The stock price normally would reflect this. Also, there are a number of mining companies with listed options. This gives you a chance to add some extra leverage when the time is right. Doing that with the metal - in the commodoties market - is pretty risky (in other words, you can lose more money than you've invested, and you may not even be able to sell if things get bad, and you're subject to margin calls, etc.). I have some suggestions on various mining companies, if you're interested. Rick