Silberminen - Aktien - 500 Beiträge pro Seite

[yatri]

Hecla Mining
Coeur dÀlene
Pan American Silver

Welche Firma unterscheidet sich wie von welcher anderen ?

Kurzum, könnte jemand mal so nett sein Silberminen-Infos mit mir zusammen hier anzuhäufen?

Gruß
yatri

[ScannerDigital]

Üblicherweise wurde das schon gemacht, wenn es jemand weiß. Dafür gibt es dann die Suchfunktion: Silberminen eintragen und los geht es.
Oder möchte der Herr extra bedient werden?
Dann gebe er doch eine Studie in Auftrag

[yatri]

Hier schon mal ein paar Infos als Ausgangsbasis für eigenes Research:
Silber:
Apex Silver SIL 910898
Pan American Silver PAAS 876617
Silver Standard Resources SSRI 858840

Der Aktionär 15/2001 schreibt in einem Artikel über das Silberdefizit. Empfehlungen:
Pan Am Silver 2.63$, Gewinn pro Aktie 2002e 0.71$
Buenaventura 14.69$, G.p.A. 2002e 2.00$
Cominco 16.69$, G.p.A. 2002e 1.61$


Herald Resources, ex-Goldproduzent, jetzt mehr auf Zink/Blei/Silber und Zinn fokussiert.

Thread 340087
http://www.herald.net.au

http://www.herald.net.au/ResearchRepJan01.html

noch mehr Research Reports:
http://www.herald.net.au/Research.html

[gholzbauer]

http://finance.yahoo.com/q?s=sil+sil_t+paas+cde+hl+ssmr.ob+s…

http://www.gold-eagle.com/gold_digest_00/goldbug051800.html

Buenaventura, Cominco und Herald sind als Silberspekulation z.Z. nur begrenzt geeignet, da die Investoren diese Werte nicht so sehr als Silberaktien ansehen.

[Goldhotline]

Da Silberaktien sowieso wegen der fehlenden Gewinnfähigkeit bei einem Silberpreis unter 8 $/oz (unter Berücksichtung aller Kosten) Harakiri-Investments sind, sollten wenigstens die kanadische First Silver Reserve und die australische Macmin als potentielle 10bagger genannt werden.

Die Goldhotline

[1Meyer]

Oder konservativer eine MIM mit einem geringeren Silberanteil an der Produktion, dafür arbeitet sie mit Gewinn, Dividende und einer sehr hohen Überlebenswahrscheinlichkeit. Die Aktie hat einen Vorteil, sie steigt.



Heute auf 1,40 A$ und das wird dann morgen sichtbar sein, falls sich der Chart überhaupt öffnet.

[gholzbauer]

Zum Thema Harakiri-Investments fällt mir immer eine gewisse Empfehlung für Dominion Mining Mitte der 90er ein ...

[GF1959]

Konservativ und trotzdem Gewinnchancen von über 100% bietet Kassa-Silber New York; ohne MWST; für physisches Silber nur geringe Spesen; jederzeit handelbar; gute Betreuung.

Da kann ich www.weigl-fdl.de empfehlen. Hat auch kostenlosen email-Service.

Also verletzt Euch nicht bei Euerem Harakiri. Ich bleibe da lieber solide.

Gruß

Andreas Gauf

[thüringer]

Was haltet ihr denn von dem OS 709042?

Bei der Laufzeit müsste doch evtl. was drin sein, oder? Ernstgemeinte Tipps sind willkommen.

[Thoemsi]

@ gholzbauer:

Was hälst Du von Coeur d´Alene? Da ich vom Thailandthread weiss, dass Du ein "Smart Investor" bist, da du günstig bewertete Aktien kaufst (Banpu!!) gehe ich davon aus, daß Du dich auch in der Branche hier auskennst.

Vorab danke.

Gruß Thoemsi

[bestofme]

....seit jahren suchte ich nach einer soliden silbermine...
...ohne erfolg...
die besten sind in der privaten hand in mexico und peru...
als aktien nicht verfügbar....

[006]

bestofme
wie wars denn mit yamana res.-yri.to
od.anvil mining-avl.ax

gruss 006

[yatri]

Vielen Dank an alle für die Infos!
jetzt habe ich mal einen Start für eigenes research
Was noch fehlt sind hinweise zu Liquidität der Aktien im Deutschen handel, da ich recht gerne hier handelbare Werte nehme.
herzlichen dank an alle
und
Liebe aus Freiburg

yatri

[bestofme]

@006

nie gehört! bitte um näheres!
....soll aber solide sein, mehr als ein geologe in der wüste...

[gholzbauer]

Servus Thoemsi,
CDE wird von einem weiteren Silberanstieg natürlich auch profitieren bzw. hat es bereits getan. Ich setze aber auf Apex, Pan Am Silver, Vega-Atlantic und Macmin (danke für den Hinweis, Goldhotline).

[yatri]

Ich habe mir mittlerweile ein paar Silver standard resources (SSRI bzw 858840) ins Depot gelegt - die werden in Berlin auch relativ liquide gehandelt - relativ im vgl zu den übrigen Silberminen.

Vielen Dank für die rege Diskussion hier

yatri

[yatri]

Hier noch die nachricht zu SSRI und seinen Probebohrungen in Australien:

Friday May 18, 9:01 am Eastern Time
Press Release
Silver Standard Resources Inc.: Drilling Cuts 151 Feet Of 8.3 Oz/Ton Silver At Australian Project
VANCOUVER, B.C.--(BUSINESS WIRE)--May 18, 2001--Silver Standard Resources Inc. (NASDAQ:SSRI - news; CDNX:SSO - news) is pleased to report that a reverse circulation drilling program of 12 holes totalling 1,533 metres completed in March successfully extended the outline of the Bowdens silver deposit to the northeast (Main Zone North).

Infill drilling in the northwest quadrant of the deposit intercepted thick sequences of mineralization and in the southeast quadrant of the deposit (Main Zone South), drilling extended a previously discovered high-grade silver lense. The wholly-owned Bowdens silver deposit is located in New South Wales approximately 200 kilometers northwest of Sydney, Australia.

In the northeast quadrant, BGR 162 intercepted 151 feet of 8.3 ounces of silver per ton or 46 metres of 284 grams of silver per tonne. This interval contained an intercept of 23.1 ounces of silver per ton over 36 feet (792 grams of silver per tonne over 11 metres) and a higher grade intercept of 42.1 ounces of silver per ton over 16.4 feet (1,442 grams of silver per tonne over 5.0 metres). BGR 161, which was drilled about 60 metres to the southeast of BGR 162, intersected 2.9 ounces of silver over 46 feet (14 metres of 99 grams of silver per tonne) and ended in mineralization. These two holes suggest that earlier drilling may not have reached the best mineralized zones.

Significant values in the northwest quadrant were intersected by BGR 155, 156 and 163. Assays from BGR 155 in the northern section of Bundarra North included 79 feet of 3.3 ounces of silver per tonne (24 metres of 114 grams of silver per tonne). BGR 156 recorded 49 feet of 4.7 ounces of silver per ton (15 metres of 161 grams of silver per tonne) and demonstrated significant potential for extension of mineralization westward. BGR 163, located on previously inaccessible land purchased by Silver Standard last year, intersected 62 feet of 2.8 ounces of silver per ton (19 metres of 95 grams of silver per tonne). All three holes encountered significant base metal credits ranging from 1.1% to 2.16% combined lead and zinc within the reported intersections.

In the Main Zone South, BGR 157 and 158 tested near-surface mineralization in the vicinity of previously reported BGD 24 (12.0 ounces of silver per ton over 103.0 feet, ending in mineralization, and included 3.3 feet of 105.3 ounces of silver per ton). BGR 157 intersected 118 feet of 3.6 ounces of silver per ton (36 metres of 124 grams of silver per tonne) in a larger zone of 259 feet of 2.5 ounces of silver per ton (79 metres of 86 grams of silver per tonne) that also ended in mineralization. BGR 158 intersected 131 feet of 4.3 ounces of silver per ton (40 metres of 149 grams of silver per tonne). The company is confident that further infill drilling in all zones will increase grade and tonnage in the measured and inferred categories.

Silver Standard is a significant silver resource company with advanced projects located in Argentina, Australia, United States, Canada and Bolivia.

This release is accompanied by a map showing the locations of drill holes completed since last summer at Bowdens. These holes have not been included in the most recent resources estimates for the Bowdens project as reviewed by Pincock Allen & Holt. To view the map, please visit our web site at http://www.silver-standard.com and scroll to the news release section.

To receive Silver Standard`s news releases by e-mail, contact Paul LaFontaine, manager, investor relations at [e-mail] or [phone].

Some of the statements contained in this release may be forward-looking statements such as resource estimates and the company`s future plans, objectives and goals. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties which could cause actual results to vary considerably from these statements. The risks and uncertainties include general and economic conditions as well as those described in Silver Standard`s SEC Form 20F as amended.


Quelle: aus den yahoo-Nachrichten zu SSRI

[frank55]

die heissesten silbeerspekulationen weltweit sind hecla mining und coeur d`alene mining

[frank55]

coeur d`alene und hecla mining haben den grössten hebel auf einen steigenden silberpreis

[yatri]

schreibs doch nochmal, frank555555, ich habe nicht verstanden

[yatri]

Sehr wenig Resonanz im Board zu Threasds bezüglich Silber - obwohl Silber zumeist als chancenreicher als Gold gesehen wird.

Nun ja, ist ja eigentlich nur ein Vorteil, dass hier so wenige auf Silber setzen und stattdessen alle ins Goldminen-Reich laufen - das heißt nämlich, dass die jetzigen Käufer von Silberminen noch billig einkaufen können


yatri

[Sovereign]

Der Pullback im Gold hat auch die Silberminenaktien runtergezogen. Ich habe daher Hecla (HL) zu 1 $ und Coeur d`Alene zu 1,2 $ auf meiner watch list, um mein "Silberbasket" zu vervollkommnen
(enthält bisher 60 % Apex Silver (SIL) und 40 % Pan American Silver (PAAS)).
Sollte der Preis noch weiter runterkommen, ist auch Silver Standard (SSRI) interessant.

Gruß

Sovereign

[yatri]

Mich Nerven immer die hohen US-Gebühren beim Einkauf (bin bei der DAB).Deshalb habe ich niedrige Limits für versch. Silber- und Goldminen in Dtschl. gesetzt - und bin in den letzten 2 tagen recht kräftig eingestiegen

wie sind denn deine Gebühren?
Bei wem handelst du?
Und was zahlt man dort ?

Bitte um aussagekräftige Antwort

Danke
yatri

[AlexTheGreat]

@Sovereign:
Prima Basket, gefällt mir gut...
*grins*
Kannst Du vielleicht noch ein Infos zu SSRI bereitstellen?!?

Mit vielem Dank im voraus

AlexTheGreat

[Ken_meyer]

@yatri

ich versteh nicht, warum ihr nicht einen account
bei nem amerikanischen online broker aufmacht, z.B.
Datek oder Etrade. Das ist doch das Simpelste.

[yatri]

Danke für den nochmaligen Anstoß - nochmalig, weil ich mich schon für Datek entschieden hatte - aber ich zögere halt noch, denn es sit immer gut , erst mal ein paar Meinungen zu hören - außerdem splitte ich mein Kapital nur ungerne auf einen €-Broker und einen $-Broker - hinzu kommt jetzt sowieso noch ein Gratis-Depot bei Consors und ner Post-Aktie (sonst bin ich immer bei der Limitgebühr-freien DAB)

aber danke nochmals für den Anstoß

P.S.. Gold braucht Geduld ...
die Errnte kommt sowieso
yatri

[yatri]

Wo bekomme ich den eine Übersicht über die finz. Situation verschiedener Minen auf einem Diagramm -
das ewige Herumsuchen bei Einzelwerten und Übertragen in eigene Diagramme nervt mich sehr -
weiß jemand Hilfe über eine gute Quelle, die div. Silber-Minen gegenüberstellt

yatri

[gholzbauer]

Nachtrag:
Vega-Atlantic kann man erst mal vergessen, siehe Vega-Atlantic-Thread bzw. letzte Firmennachrichten.
In Heralds indonesischen Projekten sind die Silbergehalte für ein Zink/Blei/Silber-Projekt sehr niedrig mit Werten von nur Ag 14g/t. Also ziemlich ungeeignet für Silberspekulation.
Buenaventura dagegen werden nach dem offenbar friedlich verlaufenden Demokratisierungsprozeß in Peru wieder interessanter. Heute nach der Präsidenten-Stichwahl offenbar mit Polit-Bonus +9%. Soll aber keine Empfehlung sein.

[yatri]

SEHR GUTER Artikel zur Silber-Situation, geschrieben von einem langjährigen Edelmetallhändler, publiziert auf www.gloomdoom.com, die vorgestern noch erreichbar waren - heute seltsamerweise gar nicht mehr.



June 5, 2001 WEEKLY COMMENTARY
The Silver Challenge By Theodore Butler

(As has been our policy, we wish to include a brief disclaimer regarding Mr. Butler’s views. No one can safely predict the future and it’s possible that Mr. Butler’s analysis will prove incorrect. Silver can go up, but silver can go down. It is up to you to read, analyze, and arrive at your own conclusions. Prudence requires we emphasize that precious metals may or may not prove to be suitable for your consideration.)

In this article, I will try to answer those who have challenged my thesis about silver, and in turn, issue a challenge to you, the reader. My thesis is simple - silver is a remarkable raw material, that has found itself in a chronic long term deficit that has left existing world inventories near the point of practical extinction. This unsustainable consumption pattern (consuming more than is being produced on a current basis), is the result of a multifaceted manipulation that has rigged the silver price at an artificially low price level. The average person can capitalize on this artificially depressed price by buying the real thing, physical silver, and holding it in one`s possession, or in a safe place, and waiting it out.

One of the hallmarks of my research and analysis is that I rely upon public, verified and easily accessible information. I make my case with the information that is available to all. I am not an insider, by any stretch of the imagination, although I have had an intense exposure to the silver market for 30 years. If I am forced to guess or speculate because there is no way to verify an item, I disclose that fact. While my interpretations can seem extreme at times, for the most part I rely on logic and publicly available information.

In that vein, I`d like to take a moment to review the recently released Annual Silver Survey, published by the Silver Institute and Goldfields Mineral Services (GFMS), a few weeks ago. This information is, of course, readily available at the Silver Institute and GFMS web sites. Last year, I took the Silver Institute and GFMS to task for their annual survey, in an article entitled The Great Silver Lie, also readily available on the Internet. My gripe with last year`s survey was not with the numbers, or raw data but with their conclusions that everything was normal in the silver market. I, on the other hand, find something very wrong with a continuous deficit in a commodity with flat to falling prices. That stands against everything we know about the law of supply and demand economics and the free market. I don`t intend to replay my argument this year, although the Silver Institute still pretends everything is A-OK, which definitely is not the case. Let`s get to this year`s numbers.

There are really only a few numbers that matter. I`ll round-off to keep it simple. Total world demand was 920 million ounces. Total mine production was 590 million ounces. Total scrap recovery was 180 million ounces. The deficit was 150 million ounces. I hope you don`t mind if I keep this simple. One number matters most - 150 million ounces, the deficit. The other numbers mean something, but the deficit number is by far the most important.

The deficit numbers mean that there are 150 million fewer ounces of silver in the world, compared to last year. That is all you have to know. Please think about this, as this is the key to understanding silver. A 150 million ounce deficit means one thing only - we have used up 150 million ounces of silver from inventory. We have taken an additional 150 million ounces from rapidly depleting world inventories. We have eaten up 150 million ounces of silver that we can`t eat up in the future. 150 additional million ounces of silver in above ground stocks are gone, either vaporized or put into a form that can`t come back at anywhere near current prices. 150 million ounces of silver is more than the top two producing countries, Mexico and Peru, mine in a year. It is roughly equal to what the largest industrial consumer, the United States consumes in a year. It is greater, by 65%, than the amount Warren Buffett took delivery on (remember, the shorts could only give him 90 million of the 130 million ounces he bought in 1998, before they pleaded for mercy).

The Silver Institute has been reporting, routinely, a silver deficit of roughly 150 million ounces for more than a decade. That means more than 1.5 billion ounces of silver have been taken from inventories in ten years. That’s 1.5 billion ounces gone. (In reality, the 150 million ounce annual deficit has been occurring for 50 years, so 7.5 billion ounces are gone). Let me assure you, that commodity deficits are a rare occurrence. You just don`t see them on a regular basis. Except in silver. Because only in silver do we have the world`s largest short position, a crooked leasing game, and a corrupt users association. With a documented silver inventory drawdown being reported every year, without fail, it`s a wonder I have to remind people that silver is the buy of a lifetime.

The other number in the Silver Survey, I would like to mention is world mine production of 590 million ounces. What this means, to me, is that we have 590 million fewer ounces of silver beneath the earth`s surface. 590 million fewer ounces to extract in the future. While you can certainly apply what I`ve said to all other, nonrenewable mineral commodities, no other commodity has the distinction of having an above ground draw down, in addition to a below ground draw down. And no other commodity is also trading close to a 5000 year adjusted low price. With silver priced below $5, almost 3/4 million ounces (590 plus 150) were removed from above and below ground, and are now gone. How long do you think this can continue?

Remember, I am not making these numbers up. These are the most accepted silver statistics available. These are numbers from the Silver Institute. While the numbers from the Silver Institute appear valid, one question should explode in the mind of anyone reading this report. How in the world could there be a deficit of 150 million ounces in a year, no less a 1.5 billion ounce deficit over ten years, without the price going up, without it soaring to unheard of heights? When there’s a short supply of something, the price rises. I mean, this is basic supply/demand stuff.

There is no question that a deficit in a commodity means the amount of the deficit must be taken from existing inventories. How do you get supplies from inventories in a free market? Only with higher prices. Period. It’s impossible to take inventory away from long-term holders with lower and not higher prices. This is the essence of the law of supply and demand. But we, obviously, don`t have higher prices in silver, not for the past year, or the past ten years. So, what`s going on? It’s leasing. Specifically, leasing from places like the Central Bank of the Philippines. They are the only central bank whose silver bars are good delivery on the London Bullion Merchants Association (LBMA).

Supply is provided to the market with no regard to price. The price doesn’t matter with leasing sales. This is the proof that leasing is loony. Central Banks only care about a foolishly low lease rate of 1% to loan out their silver. The bullion banks (or mining companies) only care about the money they get paid for the silver and their ability to earn the difference between the lease rate and the going interest rate on this money. They never seem to consider the potential crisis implicit in their requirement to repay the silver. There isn’t enough silver to repay this lease and also meet industrial demand. It`s manipulation and fraud in its purest forms. How the Silver Institute and GFMS hides this is shameful. But the artificial low price is what creates the opportunity for you.

This may sound a little anti-climactic, but there haven`t been many serious challenges to what I`ve written. Every once in a while, Jim Cook will call me, with a question or comment from a client, or prospective client, but there`s never a serious specific point to be discussed. That`s a bit of a revelation to me. I have made some pretty outrageous statements and accusations, yet I have received very little in the way of confrontation or disagreement. Perhaps that does not prove what I say is correct about the manipulation and rigging of the silver market, but it also doesn`t prove what I say is wrong. I think that`s because I have always been careful to use only publicly known facts and figures.

I have received some comment on my unabashedly bullish take on silver, but those arguments center on how much silver may exist in unreported inventories, and at what high price those inventories may become available to the market. It never has anything to do with the deficit or documented inventories. It always has to do with that which cannot be documented. It`s always about how much silver is out there, ready to be dumped on the market. But no one is ever able to substantiate any specific quantities. It`s always, "there`s plenty out there." Or, that there`s billions of ounces of silver in India, just waiting to be dumped on the market. Or the Red Chinese Government is dumping silver on the market, for the first time in history, at the lowest prices ever. Ask for verification, and it`s like you asked someone to cut off their arm.

Of course, there’s unrecorded silver out there. But most of it is only available at dramatically higher prices. This is a poor argument against silver. Who cares if there`s potential silver available at much higher prices? Have you ever made an investment in anything that didn`t have potential supply available at higher prices? Have you ever bought a stock, or a piece of real estate, where you didn`t assume that others would sell if prices went substantially higher? Why would that be different in silver? So what?

The funny thing, about all this silver that`s supposedly out there, is we all acknowledge that it`s in some form other than bullion. It`s in coins, or jewelry or forks or picture frames. Think about that. We`re talking about a source of potential supply that`s in a form where the actual content of the material is a small part of the finished product. How much actual, recoverable silver do you think is in a silver ring, or a sterling silver fork? Let me tell you, not much. A ten dollar ring may have $1 worth of silver. A $50 dinner fork may have $6 worth of silver. I saw an ad from Tiffany`s on Kentucky Derby Weekend this year, for a Mint Julep Cup that might have been made with 2 or 3 ounces of silver. Guess what the price was. $400. Is this the silver that is coming to market at higher prices? What higher price? A thousand dollars? Do yourself a favor, look around. Is your wife ready to sell any silver objects in your home at higher prices? Are you neighbors? Do you know anyone ready to dump their silver jewelry or objects in the home at higher silver prices? Do you know anyone who`s ready to sell their diamond wedding ring, or gold wedding band, if only diamond or gold prices would rise? Is Martha Stewart going to tell folks to sell silver in the home, if prices rise? Are poor Hindu brides in India, whose only possession of personal wealth is what they can physically wear on their bodies, looking to sell their silver necklaces and anklets at $10? For what purpose - to wear paper Rupees instead? What basis does there exist to suggest that we`ll have a repeat of 20 years ago, when prices rose 30 and 40 times over prices 10 years earlier, and folks jumped on a perceived bonanza? And if we do have such a bonanza, and prices rise 30 or 40 fold over current prices, to $150 or $200 an ounce, is this a problem to a silver investor?

The other challenge I get regarding my take on silver is that the low price proves me wrong. In other words, if things were as I say they are, the price would be much higher. It is precisely the low price that makes silver so attractive. Do you think I would be pounding the table if silver were trading at $30 per ounce? Folks who attempt to use the argument that the low price of silver means my analysis is incorrect miss the basic point that analysis is about trying to determine if an investment’s value matches up with its current price. A true analyst is always looking for a "wrong" price. If the price always was correct, in terms of reflecting true value, there would be no reason for anyone to analyze anything. Saying the current price of silver reflects its true value, with no backup or rationale, is bogus.

Here`s my challenge to you, the reader. You know how you always hear investment professionals telling you to be sure to do your own due diligence. To research your investments thoroughly, and not rely on what anyone may say. How does the average guy do that? Like someone could really understand the accounting and financial statements written by those whose very purpose is to obfuscate the issue. But that`s not the case in silver. Here, the information (at least the information I use) is readily and widely available. All it`s a matter of, is verifying that information and applying common sense.

Here`s the challenge. Check out what I say. See if I have misstated the facts. See if I have used faulty logic. This is not a trick to get you to buy silver. I`m not interested in tricking anyone. I`m not going to share in your profits or losses. I am not getting a commission from you if you buy or not. Jim Cook pays me to put my thoughts about silver on paper. These are the exact same thoughts I put on paper for years, before I knew him. I`ve known some people who have taken up the challenge of researching and verifying what I write. I`ve yet to find anyone who`s taken this challenge of verifying what I`ve written, who hasn`t bought silver afterward. Sure, some folks have dismissed what I`ve said, but certainly not after doing their homework. Take my challenge, do your homework. Check out what I say.

Here`s a bonus for physical silver buyers. Sometimes I gloss over details, assuming that folks know what I mean. Let me make sure I`m clear on what could be a very important tax matter. I`ve always said there are tax advantages to buying physicals over paper, specifically leveraged paper such as futures, options, leveraged contracts. No. I`m not talking again about the ever present risk of default here, or untimely margin calls, I`m talking taxes. Let`s say silver does jump by the end of the year (this year, or any year). Be conservative - let`s say $10 or $15 an ounce. If you own futures or options or some private leveraged contract, you have to mark to market. What that means is you must figure and pay taxes on what the closing price is on Dec 31, whether you sell or not. Let me repeat that - whether you sell or not. If silver closes at $10 or $15, you must pay taxes on the difference from what you bought at, $5 or $4.

In that situation most prudent investors would sell their position to cover the tax liability. To not sell and then hope the price continues to climb is a recipe for disaster. This potential disaster takes two forms. One, you don`t sell out on Dec 31, and the price heads south after that date, leaving you with a giant tax liability on an investment that no longer shows a profit. Two, you do sell out at $10 or $15, to eliminate any adverse consequences, and the price of silver then soars to $50 or $100, while you watch from the sidelines because of the mark to market tax rule on futures and options. It is a potential disaster completely avoided by buying physicals, for cash. When you buy real silver, on a fully paid for basis, there`s no tax liability until YOU decide to sell, not some arbitrary government tax date.

As soon as leasing ends, which it must, the silver manipulation is over. Then the price will soar. But when will that be, I am often asked. And, as I always answer, I don’t know when, but I do know how. When is unknowable. How is knowable – big and violently. Because we know how and not when, concentrate on how. What I mean is, make sure you’re positioned now, because when the days comes, if you’re not in, you probably will never get in. The price can explode and move up so fast you’re left behind.

Whenever a market is artificially suppressed a powerful force builds up that will eventually rectify the imbalance and drive up the price. Take government price controls as an example. Once they are lifted the price of the controlled item soars upward. We saw that with gold in the 1960’s and 1970’s and with numerous products at the end of the Second World War. This silver price suppression is worse. A huge chunk of the available supply has been used up and erased at an artificially low price depleting the supply. At the same time the lack of a proper higher market price has lessened silver production, discouraged substitutes and made reliance on cheap silver that much greater. Silver has been held down by people selling silver they don’t own outside the laws of supply and demand, with no regard to price. It’s embarrassingly kooky. When it backfires, as it must, the participants will be crushed by market forces that will set the true price at much higher levels. If you don’t own silver, then you don’t clearly understand these facts. Because once you truly comprehend the silver predicament you see an opportunity unprecedented in history for violent price action to the upside.

Each and every day more and more people are comprehending just what is going on with silver leasing. Most buy silver. This knowledge is spreading. That’s one of the biggest dangers the huge leasing entities face. When enough people in the world catch on, then the silver supply will tighten up even further. In the meantime, until silver leasing ends with a bang, there exists one of the purest examples of a grossly undervalued asset ever known.


Grüße von Yatri mit Bitte um weitere informative Fundstücke

[yatri]

Bitte lest auch den vorigen allgemeinen und langen Artikel über den Silbermarkt und seine Chancen -

HECLA MINIG Nachrichten:


The following is quoted from the Spokane
Spokesman-Review. Note that shareholders approved the proposal to authorizxe a reverse split if needed:

Hecla faces critical decision on Lucky Friday

Mining company must decide whether to build ramp to access next supply of silver ore

Becky Kramer - Staff writer

Coeur d`Alene - Hecla Mining Co. is nearing a critical decision about the future of the Lucky Friday Mine in Mullan, Idaho.
To continue operations at the silver mine, the company must invest $6 million in a ramp to access the next level of ore. But since the mine isn`t profitable at current silver prices of $4.35 per ounce, company officials aren`t sure whether it`s a good investment. Without the expansion, the mine will eventually run out of new ore and close.
"We`re nearing the time to make a decision. It`s very difficult," Hecla Chairman and CEO Art Brown said at the company`s annual meeting Friday. "Our directors will be taking a very hard look at it over the next couple of weeks."

About 185 people work at the Lucky Friday, which Hecla has operated for more than 40 years. The mine is one of two still open in the historic Coeur d`Alene Mining District.
The next level of ore is located 5,700 feet below the surface. The ramp project will take a year to complete, and ideally should have started in January.
"We can high-ball it, hurry it up," Brown said. "We figure we can wait until August or so" if necessary.

The mine has a two-year supply of ore left without the expansion. But if the company decides against the ramp project, there`s no guarantee it would continue to operate even that long, Brown said.
Working in the mine`s favor is the volume of silver it produces. Projections are for about 4.5 million ounces in the coming year.
"We`ve told employees that we`re trying to keep that mine open as long as possible, because we get so much silver out of it," said Vicki Veltkamp, vice president of investor and public relations.

If silver prices suddenly shot up, the Lucky Friday would be Hecla`s best chance to make money.
Working against the mine is the high cost of underground mining. The cost of mining an ounce of silver at the Lucky Friday was $4.90 last year. In contrast, Hecla expects to mine silver for $1.15 per ounce at the San Sebastian project in Mexico.
"Is the Lucky Friday marketable?" asked Paul W. Lewis, a shareholder from Deer Park. "Silver prices haven`t moved significantly in the last 10 years."

It would be hard to sell the mine, given current market conditions, Brown said. But the board of directors will consider all the options before they make a decision, he said.
In other action Friday, shareholders approved a measure giving the board the option of implementing a reverse stock split.
Hecla`s shares closed at $1.30 on Friday. The stock price has dipped below $1 on numerous occasions in recent months, prompting a warning from the New York Stock Exchange. Shares must trade above $1 for companies to continue listing on the exchange.

If necessary, the board will implement a reverse stock split to boost the price, Brown said. The maneuver reduces the total number of shares, in an effort to keep prices higher. After a three for one split, for instance, a shareholder with 30 shares would have 10.
Shareholder Dale Moody questioned how effective a reverse stock split would be. Hecla`s stock prices are primarily driven by the price of silver.
"I think a reverse split would do nothing more than dilute our investment," said Moody, of Coeur d`Alene. With the market as poor as it is, there wouldn`t be anything to sustain Hecla`s share price after the split, he said.

http://www.spokesmanreview.com/news-story.asp?date=060901&ID… .Mining



Grüße yatri

[hbruker]

Hat eigentlich jemand eine Erklärung dafür, dass die Preise für gängige Edelmetall-Investment-Münzen (z.B. American Eagle oder Canadian Maple) bei Silber einen viel höheren Aufschlag zum reinen Materialwert (und außerdem höhere Preisstreuungen) beinhalten als dies beim Gold der Fall ist?

Beispiel:

Gold Eagle (1 oz.) -- 285 / 288 US-$
Gold Maple (1 oz.) -- 285 / 288 US-$

Silver Eagle (1 oz.) -- 6.02 / 7.54 US-$
Silver Maple (1 oz.) -- ...... / 6.65 US-$

(Anbieter: www.monex.com / www.kitco.com)

Schlusskurse NY: 273.30 $ bzw. 4.35 $ (08.06.01)

Während man bei Gold also lediglich den üblichen 5 %-Aufschlag für Prägekosten usw. zu zahlen hat, beträgt dieser beim Silber 40 - 50 %!
Am Verhältnis der Nominalwerte der Münzen von 50 US-$ / 1 US-$ bzw. 50 CA-$ / 1 CA-$ (Gold / Silber) kann es ja eigentlich nicht liegen, da das Verhältnis der Metall-Preise ja sogar bei ca. 60 liegt ...

Weiß jemand, was es damit auf sich hat, und ob dies schon immer so war, oder möglicherweise als "Fingerzeig" für die Erwartung der emittierenden Prägeanstalten/Notenbanken schon bald anziehender Silberkurse gedeutet werden kann??

Gruß, hbruker

[yatri]

@hbruker
Zu deiner Frage:
"Hat eigentlich jemand eine Erklärung dafür, dass die Preise für gängige Edelmetall-Investment-Münzen (z.B. American Eagle oder Canadian Maple) bei Silber einen viel höheren Aufschlag zum reinen Materialwert (und außerdem höhere Preisstreuungen) beinhalten als dies beim Gold der Fall ist? "

Mein bester Freund kauft immer in Frankreich alte demonetarisierte 50-FF-Münzen (10,02 g Silber für ca 10 FF)
- laut seiner Auskunft ist das unter dem gegenw. metallpreis und OHNE MwSt, allerdings in Straßburg

sowieso scheint so ein Einkauf im Ausland (Österreich - Frankreich etc. ) günstiger als bei uns in Dtschld.

yatri

[yatri]

Hier etwas genauer:
5FF-Münzen:
Feingewicht g 10,02
Preis in Landeswährung 10,650
Währ/EURO 6,560
Euro/St. 1,624
Euro/kg 162,034
US$ pro Euro 0,850
$/oz 4,284
also unter den gegenwärtigen 4,36 $

yatri

[hbruker]

@ yatri

Danke für die Auskunft!

Gruß, hbruker

[NaturalBornKieler]

@yatri:

Hi, wo bekommt man in Frankreich denn diese 50FF-Stücke? Bei Banken oder bei Münzhändlern oder wo?

TIA/NBK

[yatri]

Um Münzhändler zu finden:
in den französischen Gelben Seiten unter "Monnaies, medailles" wirst du fündig.
In Straßburg sollte es noch auf Deutsch klappen, Metz schon schwieriger.

Münzgroßhändler:
Agence Alsacienne de l`Or et des Métaux
18 rue Wimpheling
68000 Strasbourg
Tel. [phone]

Herr Hulot (Chef in Metz), Frau Hayer (in Strasbourg)
von Kehl: nach Tankstelle rechts, dann links, über Brücke, leicht links in die
Straße welche später Boulevard dans verts (Av. de la fourenoir) heißt, nach
Eglise St. Maurice 2.Str. rechts


yatri

[NaturalBornKieler]

@yatri:

Merci. Nach Straßburg komme ich so bald nicht, aber ich bin urlaubsmäßig demnächst in Bordeaux, da dachte ich halt ...

mal sehen.
NBK

[Rrocky]

Warum unbedingt Kiel, kann mir das mal jemand erklären?

[yatri]

@Rrocky
Lies dir doch die obigen Postings durch ...

[NaturalBornKieler]

@rrocky,

hm? was willste jetzt erklärt haben?

NBK

[yatri]

Nochmal Theodore Butler aus
http://www.gloomdoom.com/4-2001.html

Für mich einer der besten Artikel über die Manipulation am Silbermarkt überhaupt ...



HARD QUESTIONS

April 2001


In this interview James Cook tries to turn up the heat on silver analyst Theodore Butler.


Cook: Since we first talked about silver, the price has dropped 50 cents per ounce. What’s causing that?

Butler: The sellers have been more aggressive than the buyers. Specifically, the paper short sellers, the technical hedge funds on the COMEX, have sold short about 150 million ounces of paper silver.

Cook: Could anybody see this coming?

Butler: I don’t know about seeing it coming, but it’s not that unusual. It’s clear to me that short-term price movements in gold and silver are set on the COMEX between the dealers and the funds. It certainly has nothing to do with the real supply and demand in the metals.

Cook: In the past you’ve claimed that short sales are quite bullish. Are they?

Butler: Well, a short sale, like any sale, is a price depressant when it is established, but all shorts have to ultimately be covered, or bought back. It is that inevitable buy back that gives short sales a bullish aspect. At this moment they are heavily established in silver and gold.

Cook: Listen, people are buying silver to make a profit. They want gains. Are they going to get the big profits that you promise?

Butler: I hadn’t realized that I had promised anything. I hope people don’t invest hard earned investment capital on my, or anyone else’s promise.

Cook: What do you mean? These bullish reports on silver sound like a promise to me.

Butler: They’re not. I don’t want people to invest in silver on my promise. That would be foolhardy. I don’t offer promises, I offer research and logic. I list facts and figures. I try to use common-sense analysis, and I strive mightily to get folks to use their own common sense. I’m not interested in getting people to buy silver because I say so. I want people to verify, or challenge my analysis, and make up their own minds. I’m no pied piper. If people use their brains, and look at the silver situation objectively, then I think they will buy silver, because of the tremendous potential it offers.

Cook: The silver price has been pretty flat for a dozen years. The last thing any silver buyer wants is to wait another dozen years. When is something going to happen?

Butler: The question of when is the question most often asked me. Let me be clear - I don’t know. And the reason I don’t know is because the answer is unknowable by me or anyone else. I’m not a spiritualist or a mystic. I’m a commodity analyst. As long as the current supply/demand deficit continues, it’s just a matter of time until we get a lift-off in prices. I don’t see how that can take years. To me, it’s days, weeks or months. Let me confess something. Everytime I write an article, or do an interview, I feel it could be a wasted effort, because the price will have exploded before the article or interview makes it into print. No kidding - that’s how I always feel. But, I don’t want folks buying on my feelings. I want them to buy real physical silver, for the long haul, because they have thought it through. If my work has aided them in that thought process and action, then that’s great.

Cook: If you can’t say when, can you say how?

Butler: How is the silver price going to move once it starts moving? That’s one I think I have the answer to. Big and fast. The when part won’t matter, if you have already established your position. When will only matter if you’re not in when the move commences. That’s what the price history and current fundamentals of silver suggest.

Cook: Can you explain that a bit more? I mean, what would get it started and how fast would it move?

Butler: Silver is the most manipulated market in the world. The price will explode once the manipulation ends. Leasing has to end. When leasing ends, the silver price will be set in a completely different range, in a hurry.

Cook: Care to put a number on that?

Butler: I think it’s possible that we could double or triple. Maybe in weeks. If it goes up slower and longer than I expect, no harm done. But we will get to the real free market clearing price to balance current production and consumption. That you can count on.

Cook: Haven’t you said as high as $50 to $100 an ounce?

Butler: Yes, and I stand by that. But that’s not immediate. That will take several years.

Cook: The big trading funds have successfully depressed the price with their short sales. This is big money at work speculating against silver. What can possibly break the hold they have on silver?

Butler: The short answer is the law of supply and demand. These short sales that these funds have made are pure paper sales. There is no real silver backing these short sales. While the short sales do depress the price temporarily, the law of supply and demand adjusts to the new lower price, by increasing demand and reducing supply, over what would have otherwise occurred. The cure for low prices is always low prices. Besides, these paper short sales are incomplete transactions. They must be bought back at some point. I say that point should be explosive.

Cook: There are other factors at work besides short sales aren’t there?

Butler: Yes, people have to realize that the silver market, like any market, is like a three-ring circus. There are different dramas and suspense developing on all sorts of different levels. You’ve got the COMEX, the leasing, the Silver Users Association, and ten other things going on, all at the same time. While it may appear that such powerful forces will stay in control forever, the silver investor has the ultimate trump card. He has the law of supply and demand on his side. The most powerful forces in the world are no match ultimately, against the cold, hard fact that we are consuming more silver than we are producing. That must end. That is not a promise, that is a simple fact. The silver market must come into balance between current production and current consumption, which it has not done for 50 years. And the only possible way for the silver market to come into balance, on a current production-consumption basis, is through much higher prices. In a free market there is no other way.

Cook: But what about an economic slowdown? A recession like we have starting now can’t be good for the silver price, can it? Won’t industrial demand slacken in a slowdown?

Butler: Of course, industrial demand for silver will slacken in a slowdown. That’s because we use silver in so many products. I don’t think there is a commodity that is used in more applications than silver. It is part of modern life. A recession doesn’t necessarily mean that the price of silver will go down. Demand is only half of the equation. Supply appears to be slowing down faster. Aside from pure silver mines closing, such as Sunshine Mining recently, please remember silver is produced as a by-product to other metal mining. This accounts for 75% of silver mine production. Did you think that only silver demand would suffer in a recession? What about copper, and lead, and zinc? What about gold jewelry? My point is that it doesn’t matter if silver demand drops if supply is also dropping. The deficit will remain.

Cook: But demand could drop a long way.

Butler: Who cares if total silver demand drops from say 800 million ounces to 600 million ounces, if supply falls as much, or more? The key to silver is the deficit. In a slowdown, I think the deficit will increase. I don’t think a recession or depression is an enemy of the silver price. Besides, recession or not, nothing will reinstate the billions and billions of ounces consumed from inventories over the past half century. That’s gone forever.

Cook: Frankly, I can’t see anything on the horizon that’s going to trigger a price explosion in silver. Won’t it take some big precipitating event?

Butler: I guess you haven’t been reading my stuff. Frankly, I can’t see anything that can prevent a price explosion. This market is structured to explode. The precipitating event is unimportant. I could probably list 20 possibilities, but it doesn’t matter what the event is. What matters is that the market has to explode, because that’s the way it is currently configured. We have a verified long-term physical deficit. We have the largest short position ever seen in history. We have supply, at the margin, coming from an unsustainable source - silver leasing. We have the lowest prices in history. We have more people and money and credit in the world than ever before. We have the lowest world inventory in hundreds of years. A friend of mine once remarked about the silver market that it was like a swimming pool filled with gasoline, with people walking around the edge, flicking lit matches. Or, to quote Bunker Hunt, 30 years ago, "this is an accident waiting to happen".

Cook: I know you don’t focus much on other economic forces, but it seems to me that a drop in the dollar will bring gold to life and silver will be pulled along with it. I mean, the dollar and gold are opposites and silver has always risen with gold, at least in my lifetime. What’s your opinion?

Butler: I can see gold and silver rising in tandem. They have a history of moving together. And they certainly share many things in common, as far as market structure. I mean such things as leasing, a big short position, and manipulation. But silver’s market structure is much more extreme, in that we have been destroying silver inventories for 50 years, while we haven’t destroyed any gold inventories, just reconfigured them. Gold is set to explode, but not like silver.

Cook: Didn’t gold move silver along in the price runnups of twenty and twenty-five years ago?

Butler: Perhaps. I can see a move in gold as a catalyst in possibly starting the silver lift-off, but I have trouble with the dollar connection. I mean, what is the dollar going to weaken against? Current economic conditions are truly globally interconnected, and what paper currency is going to be a refuge from the dollar? What paper currency do you plan to run to? What foreign paper currency do you think regular folks will flock to? I have to tell you, I don’t picture myself buying a foreign currency in any event. I’m not saying I won’t, but if I do, it will be something I never did before. I’m not saying the dollar will not weaken. I’m saying I don’t know after 30 years of looking at them, just what moves the currencies. I’ve heard 10,000 theories and explanations about the currencies. They all made sense, and then again, none made sense. I’m saying I don’t see some strong connection. I look at the supply demand fundamentals of the real commodity. My analysis says silver is way under-valued, unsustainably under-valued. If you, or anyone else, says silver is undervalued for reasons other than the core fundamentals, I say great, that’s a bonus.

Cook: Well, your currency analysis isn’t overpowering me. If you create too much of anything it loses value. We’re flooding the world with dollars and I believe it’s poised to fall. It doesn’t matter how good or bad other currencies are when you glut the world with dollars. It’s our weakness rather than their strength. The dollar can lose value against all of them. If the economy continues to weaken, the dollar will likely follow.

Butler: You might be right and if you are, it certainly would impact gold and silver.

Cook: I’ll go so far as to say it’s likely to be the chief cause of a price explosion in precious metals.

Butler: I question that, but let’s move on.

Cook: You say that leasing isn’t legitimate. If you lease a car and then sell it, that’s illegal. But if you have leased silver you can pay it back with the exact type bars. Silver bars are all the same. They’re fungible. That’s what makes repayment different than returning the car at the end of the lease. Am I right?

Butler: Yeah, I get that response a lot. So, let me just address that point, and not go on with all the reasons that metal leasing is fraudulent and manipulative. I’ve been a commodities guy for 30 years. I know what fungible means. One bar is the same as another. But, I’m saying something else. I’m saying that it doesn’t matter that all silver bars are substitutable for each other, because all silver bars are rapidly approaching extinction. The public evidence clearly confirms that we are extinguishing, and have extinguished, most of the silver mined throughout history. By "most", I mean way over 90%. The silver is gone. Over 90% of the silver ever taken out of the ground over the past 5000 years has been consumed. Where will the silver come from to pay back a billion ounces borrowed? No one can verify more than 150 million ounces in the world, yet we have obligations to repay many times that amount. Fungibility is a moot point. You can’t pay back with something that doesn’t exist. And spare me the fairly tale that the miners can take it out of the ground. That future silver is already spoken for - by 6 billion world consumers.

Cook: Frankly, it embarrasses me whenever you call leasing fraudulent and manipulative. It’s a very serious charge. Couldn’t we cool the rhetoric on this issue?

Butler: Jim, I know this is a very serious charge, but I am certain that, in the end, this business of metals leasing will be shown to be the scam I claim it is. I know folks are a bit taken back with the words I use, but I have complete confidence that, in retrospect, my words will look understated. What’s kind of funny is that if my allegations are correct, my strong words will be proven to have been what everyone should have been saying. Why don’t you reserve judgement on whether I should cool the rhetoric. Besides, we have strong libel and slander laws in this country. If the wrongdoers don’t like my words, let them sue me.

Cook: You’re calling silver leasing fraudulent. Well, I’m not going to use that terminology. I’ll ask the question this way. You’re calling silver leasing wrongheaded. The biggest financial companies in the world aggressively pursue this strategy and stand behind it. Where do you get off calling it bogus?

Butler: You know Jim, I’m going to continue to use strong words. I mean fraudulent and criminally manipulative. Based upon my research and investigation and reasoning, I think this is the biggest blunder ever made by the financial establishment. I’m sure of that, to my very core. It is not possible for me, knowing what I know, and being the kind of person that I am, that I could not publicly attack this fraudulent practice. Thanks to the Internet, I’ve been able to spread that message.

Cook: What exactly are your credentials for making these sweeping accusations?

Butler: Credentials? You mean like a title, or something? Why would that matter? If I was a former US Senator or astronaut, would that make my message more legitimate? I’m a long-time commodities broker and analyst. My credentials are the facts, figures and logic that I use. If what I say makes sense, great. If it doesn’t, great. You’ve published my work for six months. You’ve read and reread everything I wrote for the past 4 years. You’ve read and published the very specific accusations I have made. Let me ask you a question. Have you ever, in your lifetime, seen such public accusations against such public institutions go unchallenged? Don’t you think someone should have sued me?

Cook: That’s why I have to use disclaimers on all of your stuff. You are all alone in the world taking on the commodities exchanges, the Silver Users Association, the mining companies, the brokerage firms and the bullion banks. Did you ever think that you might be the one that’s out of step?

Butler: Ever think of it? How about a billion times a day, everyday. You don’t think I know I’m out of step with the people I accuse? I’m saying they’re doing something wrong, what are they supposed to say, other than they’re not?

More than anyone on the face of this planet, I am my own most extreme critic.

While I don’t seek out personal popularity, I don’t relish the thought of being wrong in public view. This is serious stuff. I’ve looked and keep looking, for where I might be wrong. I haven’t found it yet.

Cook: Don’t you think that leasing is something that simply got too big. It isn’t fraud in the sense that somebody set out purposefully to cheat anyone. It’s a mistake rather than a crime isn’t it?

Butler: I agree that leasing was a mistake from the outset. It wasn’t designed to cheat anyone. But, it is the very refusal to acknowledge this mistake and end this fraudulent and manipulative process that brings in the question of criminality. Because there is so much potential liability for those involved in this scam, that I am convinced there is now an active cover-up to avoid liability. In big institutional scandals it always comes down to "what did you know and when did you learn of it?"

Cook: Why doesn’t anyone in the silver establishment ever concur with you?

Butler: I am an outsider. I am not part of any of these organizations. Who else but an outsider could make such accusations? Certainly you didn’t think an insider was going to spill the beans? No one is ever going to voluntarily admit that they were part of an ongoing fraud and manipulation. The people and organizations who are participating in this scam can only pretend that everything is just fine. Right to the very end. They have no choice.

Cook: Let’s face it, all these organizations dismiss what you say and probably consider you to be a crank. Have you ever heard from any of them?

Butler: I’ve had limited private contact, but that’s because I insist everything be done in public, out in the open. But I’m not so sure of the crank part. I make my case on solid facts and logical reasoning. Who do you see refuting my allegations? It seems to me, if I were a crank, they would be able to persuasively refute my case. You’ve been sending my stuff out for six months. You get all sorts of questions and comments on the things I’ve said. Have you come across anything that negates what I’ve written and said?

Cook: Not so far. But I’ll continue to look. I must admit you know more about this subject than anyone. I guess I wouldn’t be sending your stuff out, at great expense, if I thought it was wrong or if I saw there was a legitimate challenge to it.

Butler: Good.

Cook: Maybe you’re just a voice in the wilderness and nobody’s heard you yet. Or maybe you just make them yawn. I mean, you’re telling the world that something of enormous magnitude is terribly wrong.

Butler: Look, I didn’t intend to ride on a white horse when I got involved in this over 15 years ago. It just happened. The more I looked, the more it smelled like manipulation. I’m doing what I can do to end it that’s all.

Cook: I’m always astonished when you say there’s more gold in the world than silver. Can that really be true?

Butler: There’s ten times as much gold verified to exist than silver.

Cook: But isn’t there silver that’s not being counted?

Butler: Yes, there is silver in the world that isn’t being counted, but it’s the same with gold. Remember, all the gold is still with us but the silver has been consumed. There’s been a big deficit every year for the past fifty years. At some point silver inventories are going to zero.

Cook: Is there a difference between silver leasing and gold leasing?

Butler: Silver leasing is riskier. It’s far more dangerous than gold leasing. There’s enough gold in the world to somehow pay back the gold leases. It would take much higher prices for gold and a lot of manipulation and pain, but it’s at least conceivable that they could be paid back. With silver the supply just isn’t there. That’s the big difference between gold and silver. The gold is still in somebody’s vault. The silver us used up and gone.

Cook: Well, maybe they could pay it back with new silver they mined?

Butler: You’re missing the crucial point. There’s the equivalent of two years production of silver leased out and sold. If you try to pay back this much silver to the original owners, the industrial users won’t be able to get any of that silver. That’s the exact silver they buy every year to use in their products. The silver can’t be paid back. If it is, then industry gets none. Do you see how that will drive up prices? The people who leased the silver out expect to get it back. Yes, it’s crazy and unworkable, but do you see how bullish it is? Do you see it’s just a big fiasco waiting to happen? It can only blow up in their faces and send the price of silver higher.

Cook: What will the stockholders of these mining companies say when the price of these metals go up and the mining companies can’t realize the higher prices because they’re paying back loans?

Butler: They will be terribly unhappy and they will put tremendous pressure on management to get rid of the problem.

Cook: It just doesn’t make sense that these people couldn’t see the trap they were walking into. Maybe they can get out of it by just paying cash?

Butler: No, that’s not a provision. If you were not going to get your metal back, why would you lease it? Why not just sell it and use the money yourself. Instead of a 1% lease rate you could get 7% on your money.

Cook: Another thing you’ve said is that the big short sales on the COMEX are not in accord with the original intent of commodity law and should be stopped. What do you mean by that?

Butler: The Commodity Exchange Act (CEAct) clearly dictates that speculators should not manipulate or influence prices due to large positions. It is the law’s number one concern. For that reason, the CEAct dictates that speculators hold positions, basically, that are smaller than what the average real miners and consumers produce and consume. The COMEX clearly violates this law by allowing speculators to hold much bigger positions than the biggest producers mine in a year. The most recent Commitments of Traders report from the Commodity Futures Trading Commission (CFTC) shows four or less traders net short 37% of total futures positions, or 130 million ounces. That means that 1, or 2, or 3, or 4 traders are permitted to be short an amount of silver which is greater than all verifiable silver in existence. The COMEX is clearly violating the law, and their lap-dog, the CFTC, doesn’t say squat. It’s outrageous.

Cook: But how is that ever going to change?

Butler: Governments are always reactive not proactive. It will be the law of supply and demand that will end this manipulation. After the horse is gone, the CFTC will come in to nail the barn door shut. I just hope it comes out just how utterly incompetent the CFTC was this past 15 years. They are a disgrace.

Cook: Some people claim there’s a lot more silver in the world than you’re saying there is. What do you say to them?

Butler: Jim, haven’t we already been there and done that? Look, if someone says there is more silver in the world, on a verified basis, than 125 million ounces, let them prove it. It’s real simple. Just show me. That always shuts them up.

Cook: OK, but why does everybody seem to believe there’s so much silver in the world?

Butler: That’s a good question. I think it’s because of human nature. The most known thing about anything traded is its price. The current price of anything is known by everyone. When you see the price of silver remain flat and depressed for years and years, it’s normal for folks to assume there is a surplus or big quantities available. It’s perfectly natural. We assume we always have free markets, and the price is never wrong. A low price means there’s plenty. We have all been conditioned to think that way. But that is not how you think if you’re an analyst. An analyst looks for cases where the price is wrong, where the price doesn’t reflect the true fundamentals. An analyst looks for disparities between price and value. That’s what drew me to silver in the first place. I saw that the price didn’t reflect the real fundamentals and value, and I became interested. The closer I looked, the more I could see what was really depressing the price - short selling and leasing. The folks who claim that there’s a lot of silver in the world are not bad people, they’re doing something very human - they are looking at the price and extrapolating from there. They are assuming the price is correct. They are investigating no further. A real analyst never assumes the price is correct. He assumes the price is wrong, either too high or too low, and goes about proving it. If he can prove a disparity between the current price and the real value, he has an opportunity. If not, it’s on to greener pastures. This is what analysis is all about. So, the next time someone tells you there’s plenty of silver in the world, just remember the old Wall Street saw - everyone knows the price, but very few know the value.

Cook: But can’t we just assume there’s a lot of silver coins in dresser drawers and in silverware sets around the world?

Butler: Look, the shortfall is almost 200 million ounces a year. That’s a lot of dresser drawers full of silver coins. It just isn’t enough to dramatically change things. And as you know, a lot of it has already been melted. They’ve been melting coins for twenty-five years.

Cook: The case you make for silver is incredibly bullish. If all the things you say are true, people should sell everything they own and buy silver. How come you’re the only one that says this? How come nobody else can see this?

Butler: Come on, Jim. You, obviously, see it. So do many others. There are 6 billion souls in the world, I’m not the only one bullish on silver. But, you have a good point about me being alone, if you’re talking about the excessive short selling and leasing manipulation. I don’t know how to answer that, but it’s something I think about constantly. I mean, I didn’t set out to be a big whistle blower on metals manipulation, it just happened as a result of my analysis. Based upon my background and experience, it just happened.

Cook: So you’re the lonely whistle blower?

Butler: Yes, but here’s what I really can’t understand. After the hundreds of thousands of words that I have written about this scam and fraud over the years, I am amazed that more don’t see it. I would never expect someone to come up with my analysis who didn’t have the same history and experience, but even without that specific background, I don’t understand how a reasonable person wouldn’t reach the same conclusion after it was explained to them. Or at least, vigorously attack my explanations and allegations. I guess it’s because we all have a basic fundamental belief in free markets, and my explanation is so alien to what free markets are about, that it gets rejected because of our bedrock beliefs.

Cook: I may believe it, but what am I supposed to tell clients who have seen silver drop in price?

Butler: I understand your frustration. No one wants to see something they invested in go down in value, even if it is only temporary, as I believe about silver. But I never said it couldn’t go down in the near term. I’ve been studying and fighting this manipulation in silver (and gold) for many years. That has given me a perspective different than most folks. The short term doesn’t matter, if you are a long-term investor. I’ve never said, "buy silver because this is the bottom". I’ve said buy silver now because it offers tremendous value and could explode at any moment. Catching the exact bottom is something we desire, but can very rarely achieve.

Cook: Anything else?

Butler: I’ve also said buy physical silver and don’t borrow money to do it. That’s because while I don’t know the day of lift-off, I do know that if you are not positioned before the day of lift-off, you risk not getting positioned at all. The risk of not being in outweighs the risk of a short-term decline. Silver isn’t going bankrupt. It’s not going to disappear. It has great value. With the price down even more, the disparity between price and value is even greater. It is a better buy and value here. I would like to see people look at this as a long-term idea. Put it away and forget about it. If you have more funds, buy more. If you don’t, OK. What you do have will reward you in the future.

Cook: A lot of people disagree with your advice on this point. In fact, one company advocates primarily owning silver on margin. What do you say to this argument?

Butler: You know one of the reasons I say to invest in physical silver on a fully paid for basis, is to gain that long-term perspective. That’s where the big profit lies. I think it is hard, or impossible, to hold a long-term perspective on anything if you worry about it on a daily basis. Our modern world is structured to bombard us with instant information, like no other time in history. It has made us all short-term oriented. But we also know that very few can profit on a short term or margin-trading basis. I say don’t even try, although I do try for myself because I’m a professional commodities trader. The biggest risk in trading silver on a short-term basis is selling too soon. Holding a physical position will aid in avoiding that mistake.

Cook: Well, it’s possible to lose money on silver if you pay for it all or if you buy it on margin. Look at the last few months. Do you recognize that people are concerned because silver hasn’t done much?

Butler: Let’s face it - I have publicly recommended silver for about 6 months, through your organization. It’s down, but this is a relative thing. If you have funds, you put them in something. If you are committing to something with a high profit potential then what has been better than silver? Not the stock market. In fact, if someone bought silver, instead of equities, that person would be happy now. If they sold stocks in order to buy silver, they’d be ecstatic. They’ll be more ecstatic as time goes on.

Cook: You make a very bullish case. But how do we really know how much silver industry uses? Who keeps these figures?

Butler: That’s not a big problem. There are accepted statistical services, like the Silver Institute, that keep pretty good tallies. I mean, I’m not compiling my own statistics, although I did at one time. All these services confirm the long-term deficit. Besides, the deficit is confirmed by the shocking decline in world silver inventories.

Cook: I tried to lift ten 100-ounce bars the other day. It’s almost 70 pounds. I can’t imagine that each day industry uses twenty thousand times this much silver. That’s an improbably high amount of silver. Are you sure this is right?

Butler: It’s heavy because you get too much for your money at these prices. Don’t worry, it won’t seem so heavy when it’s worth ten times as much. And not only does the world consume over 2 million ounces every single day of the year, between 300 to 400 thousand ounces are coming from inventories, primarily central bank leasing, every single day also. We are literally destroying and extinguishing hundreds of thousands of ounces of the tiny remaining world inventories on a daily basis because of the deficit. You don`t have to be Albert Einstein to figure out that that can’t go on forever. That’s what makes silver such a great buy and value.

Cook: If the price rises, they could quit using silver couldn’t they?

Butler: Very few users will voluntarily quit using silver in a price rise. That’s because silver use is price inelastic. That is, there are few substitutes and the cost of silver is tiny in the finished product compared to total cost of the finished product. You really should be phrasing the question differently.

Cook: How so?

Butler: You should be asking what will happen to industrial silver users when silver is rationed.

Cook: Rationed?

Butler: Yeah, that’s inevitable. It is not possible to have a long-term current production-consumption deficit that doesn’t end in rationing. That’s basic economics. The only question is whether we do it by price, as should be in a free market, or some non-free market rationing scheme.

Cook: I must say that I’m a pretty good student of human behavior and you have turned out to be a rational and humble person who doesn’t lie or exaggerate. You seem well adjusted except for one thing. You get very jealous about your material if someone copies it. You also put a tremendously high value on your stuff. I mean you think it’s priceless. How realistic is that?

Butler: I’ve put a lot of time and effort into my analysis. I won’t stand by silently if someone tries to steal it in any manner. If someone thinks I’m all wet in my thinking, that’s fine. If someone just tries to claim it as his own, that’s not fine. Yes, I place a high value on my stuff because I try to write about what isn’t widely known. Most of the things I write about are uniquely original. Whenever you’re offering information that can make people a large potential gain, I think it has a high value.

Cook: Let me tell you one thing. In 1980 every customer I had was in the money. They had big profits. Since then it’s been up and down, but mostly down. I’m dying to make a profit for everybody once again. My company is not making any money here. We’re selling silver alright, but we’re plowing every cent we make into promoting and marketing silver. We’re doing our part to get people into silver. Do you think it could be a self-fulfilling prophecy?

Butler: Absolutely. The key to the silver market and when it will move comes down to the day there is not enough physical metal to meet industrial demand. That means those who own physical metal will then be in the driver’s seat. Those that own physical metal will own what’s most in demand. Those buying and holding physical silver will hasten that great day of price freedom. It’s really a win-win situation for all real silver investors. They get to be positioned in what will be the most sought after commodity on the planet, and they aid in ending the manipulation sooner. That’s a good deal.

Cook: Here’s a far out question. If silver becomes so scarce and valuable that defense industries and government agencies have problems getting it, could it be nationalized or called in like gold was in 1934?

Butler: I hate to think in those terms, but of course it’s possible. I would hope that we would let the rationing be resolved by price and markets since we purport to be a free-market country. But bureaucrats can’t be under estimated. But if that unfortunate event actually occurred, it would be at a much higher price.

Cook: Silver analyst, Jerome Smith once told me silver would someday be worth more than gold. Is that possible?

Butler: Sure, it’s possible. Anything can happen in extreme market conditions, but I don’t think it would be permanent.

Cook: Can you give me your final thoughts?

Butler: What more can I say. I can’t hit anybody in the head to get them to buy silver. If you’ve read the things I’m saying about silver and you still aren’t moved to buy it, I can’t make the argument any stronger. In my opinion, there will never be a more bullish coming together of factors for any asset than there is for silver today. It is quite literally bullish beyond our ability to fully comprehend. Nothing this good will ever stare you in the face again. Look at the facts. If you understand fully what I am saying about silver, you are going to own it.

grüße
yatri

[yatri]

HECLA Jahreversammlung und Bericht -
vorab das WICHTIGSTE:
"In total, Brown estimated that Hecla`s precious metals production during 2001 would be approximately 8.8 million ounces of silver at an average total cash cost per ounce of just over $3, and about 160,000 ounces of gold at an average total cash cost per ounce in the range of $160 per ounce."
--------------
Das bedeutet beim jetzigen Silberpreis von 4,3 $ einen SEEHR großen Hebel aug gewinne (Wenn`s denn weche werden -> Schuldensituation)
-------------

Monday June 11, 8:11 am Eastern Time
Press Release
Hecla Holds Annual Meeting, Reports On Operations
COEUR D`ALENE, Idaho--(BUSINESS WIRE)--June 11, 2001--Hecla Mining Company (NYSE:HL - news; NYSE:HL-PrB) held its annual meeting on Friday.

Arthur Brown, chairman and chief executive officer, gave an overview of operations to shareholders, pointing out that Hecla`s La Camorra gold mine in Venezuela has had record production and ore grades for the past three months. The mine is on track to exceed production estimates of 110,000 ounces of gold this year at an estimated total cash cost per ounce of under $160. Nearly 15,000 ounces of gold were produced in May alone at an average $100 total cash cost per ounce. The ore grade has been well over 1 ounce of gold per ton. Brown said, ``Our people have done an excellent job of improving production, lowering costs and improving safety at La Camorra.`` In addition, Brown said the company`s new San Sebastian mine on the Saladillo concession in central Mexico is expected to produce about 1.3 million ounces of silver this year. Brown said estimates for the average total cash cost at San Sebastian over the next four years is about $1.15 per ounce of silver.

In total, Brown estimated that Hecla`s precious metals production during 2001 would be approximately 8.8 million ounces of silver at an average total cash cost per ounce of just over $3, and about 160,000 ounces of gold at an average total cash cost per ounce in the range of $160 per ounce. Brown said, ``This is a significant improvement over last year`s production and costs, and we`re very pleased with our operations.``

Hecla received shareholder approval at its annual meeting on Friday allowing a reverse split of stock at the discretion of Hecla`s board of directors. The choice of split ratios given to the directors was 1:3, 1:4 or 1:5. The directors have the option to implement a reverse split any time in the next two years, or not at all. The company requested the authority for a reverse split from shareholders so it could be implemented if necessary to remain on the New York Stock Exchange (NYSE). Hecla had received notice from the NYSE last year that it was subject to delisting because the company`s stock did not meet the Exchange`s criteria of a minimum average of $1 per share. Hecla`s stock has been trading over $1 for the past few weeks. Directors have elected not to take any action on the reverse split at this time, and management will stay in close contact with NYSE officials to monitor the situation.

Directors appointed Thomas F. Fudge, Jr., former manager -- operations, to vice president -- operations. Fudge holds a B.S. degree in Mining Engineering from Michigan Technological University. He joined Hecla in 1994 as mine superintendent at the Lucky Friday Unit, was promoted to unit manager in 1995 and appointed Manager - Operations last July. The board also promoted Lewis E. Walde to vice president - controller. Walde has worked for Hecla since 1992. He received a B.B.A. degree in accounting from Gonzaga University and is a member of the American Institute of Certified Public Accountants.

In other action, Hecla`s board of directors opted to defer the dividend payment to shareholders of preferred stock scheduled for July 1, 2001. Four quarterly dividend payments of approximately $2 million each have now been deferred. Shareholders also reelected three directors to Hecla`s board. Ted Crumley, Charles L. McAlpine and Jorge E. Ordonez C. have each been elected to another three-year term. In addition, shareholders approved the selection of PricewaterhouseCoopers LLP as independent auditors of the corporation.

Hecla Mining Company, headquartered in Coeur d`Alene, Idaho, mines and processes silver and gold in the United States, Venezuela and Mexico. A 110-year-old company, Hecla has long been well known in the mining world and financial markets as a primary silver producer. Hecla`s common and preferred shares are traded on the New York Stock Exchange under the symbols HL and HL-PrB.

Statements made which are not historical facts, such as anticipated payments, production, sales of assets, exploration results, costs, prices or sales performance are ``forward-looking statements`` within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and project development risks. Refer to the company`s Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements.

CNN URL: http://www.businesswire.com/cnn/hl.shtml

yatri

[yatri]

hier noch die Website: http://www.hecla-mining.com/

grüße
yatri

[yatri]

Gates erhöht sein Silber-Investment


WASHINGTON, June 11 (Reuters) - Cascade Investment LLC, the investment arm of Microsoft Corp. (NasdaqNM:MSFT - news) co-founder Bill Gates, increased its stake in Pan American Silver Corp. (Toronto:PAA.TO - news) to 13.66 percent from 9.05 percent, according to a filing on Monday with the Securities and Exchange Commission

[yatri]

Sehr schöne tabelle - sehr schöner Link zur Welt-Silber-produktion:

http://www.trend-partner.de/cgi-bin/view.cgi/pm002/nachfrage…


Der industrielle Verbrauch an Silber hat sich in den vergangenen 50 Jahren nahezu vervierfacht (von 157 Mio. in 1950 auf 589 Mio. Uz.* in 1999). Die Struktur der Nachfrage hat sich seit 1990 verschoben. Schmuck und Silberwaren haben stark zugenommen, der Silberverbrauch für Elektronik und elektrische Geräte ebenfalls deutlich, und der für Fotografie nur minimal.

Asiatische Nationen wie Indonesien, Thailand und Malaysia haben das Anfangsstadium einer auf Massenkonsum basierenden Volkswirtschaft bereits erreicht. China, Mittel-, Osteuropa und Andere werden folgen.

Die Weltwirtschaft wächst weiter (um ca. 4% jährlich). Und die Silbernachfrage wird in einer globalisierten und hochtechnisierten Wirtschaft ebenso dynamisch steigen (1999: + 4,4%). Sofern das Angebot nicht mit der steigenden Nachfrage mithalten kann, ist die Regulierung des Marktes letztlich nur über einen steigenden Preis möglich.

yatri

[yatri]

Wie sieht`s aus mit der Aufteilung eures Edelmetall-Engagements zwischen Silber und Gold

Ich z.B. halte etwas mehr Silberminen als Goldminen und Ölwerte fast soviel wie Goldminen, hinzukommen nochSolarenergiewerte und natürlich eine menege anderer Anlagen.

Aber grundsätzlich habe ich etwas mehr Silberwerte als Goldwerte.

(Ja,ja, ich weiß: Silberminen produzieren auch Gold bzw. "das kann man so nicht sagen" etc. -)ICH hätte nur mal geren eine andere grobe Meinung / aufteilung gehört.

in Hoffnung auf kurze Antwort

yatri

[hbruker]

@yatri

Mir ist es zu riskant, auf einzelne Minenwerte zu setzen. Wie zu Zeiten des Biotechnologie- oder Internet-Booms könnte ich mir gut vorstellen, dass einem als Anleger auch hier so manches Märchen erzählt wird -- nicht zuletzt von Seiten der Unternehmensvorstände. Diejenigen Silberminenaktien, die ich mir etwas näher angeschaut habe, haben bis zuletzt ordentliche Verluste eingefahren trotz teilweise recht niedriger Cash-Kosten von etwas mehr als 3 $/oz.

Diese Diskrepanz lässt mich vorsichtig sein, denn ich weiß nicht, wie gut es sich die zahlreichen Vorstandsmitglieder dabei persönlich gehen lassen ... letztlich auf Kosten des Anlegers. Du siehst, ich bin vor allem im Laufe des letzten Jahres sehr misstrauisch gegenüber vielem geworden, insbesondere wenn auf den ersten Blick alles sehr rosig zu sein scheint.

Deshalb habe ich mich für einen Fonds entschieden, der in der Vergangenheit recht gut gelaufen ist und auch in jüngster Zeit offensichtlich die richtige Mischung findet -- den von Merril Lynch (WKN 974119). Obwohl ich zugegebenermaßen auch da nicht ganz frei bin von Bauchschmerzen, wenn ich mir überlege, dass ich mein Geld letztlich einer Investment-Bank zur Verwaltung gebe, die evtl. aufgrund irgendwelcher Leerverkaufspraktiken selbst ein Interesse an niedrigen Gold-/Silberpreisen haben könnte ...

Da ich insgesamt vom mittelfristigen Anstieg von Gold und Silber überzeugt bin, und außerdem "den Hebel" ansetzen will, bin ich außerdem in längerlaufenden Gold- und Silber-Calls engagiert (alle von UBS Warburg -- die erschienen mir noch am fairsten bewertet).
Das ist natürlich auch nicht ohne Risiko, aber ich brauche mich nicht um irgendwelche Machenschaften von Minenbetreibern zu kümmern, oder um die Tatsache, ob irgendeine Mine gerade überflutet ist oder nicht ... oder ob die Minengesellschaft sich vielleicht an der Terminbörse verspekuliert hat und dann beim Gold-/Silberpreis-Anstieg möglicherweise gar nicht profitiert!

Prinzipiell bin ich bezüglich Silber noch optimistischer als bei Gold, da hier die Notenbanken weniger Einfluss in Form von Abverkäufen, Verleihungen etc. haben. Immerhin muss sich sogar die staatliche amerikanische Münze seit kurzem das Silber für ihre Gedenk- und Investmentmünzen auf dem "freien" Markt zusammenkaufen. Irgendwie finde ich auch die Tatsache sehr vielversprechend, dass Warren Buffet ebenfalls auf Silber setzt ...

Hoffe auf weitere fruchtbare Diskussionen!

Grüße, hbruker

[yatri]

Ich wiederhole meine offene frage ans Board:
Wie sieht`s aus mit der Aufteilung eures Edelmetall-Engagements zwischen Silber und Gold ?

Ich z.B. halte etwas mehr Silberminen als Goldminen und Ölwerte fast soviel wie Goldminen, hinzukommen noch Solarenergiewerte und natürlich eine Menge anderer Anlagen.
hinzugekommen ist in den letzten tagen noch Kamps, Kali + Salz seit dem Absturz vor ein paar tagen, u.ä.

Aber grundsätzlich habe ich etwas mehr Silberwerte als Goldwerte.

(Ja,ja, ich weiß: Silberminen produzieren auch Gold bzw. "das kann man so nicht sagen" etc. -)ICH hätte nur mal geren eine andere grobe Meinung / aufteilung gehört.

danke an hbruker für seine Antwort
in Hoffnung auf deine Antwort

yatri

[GF1959]

@yatri

Warum willst Du in mehrere Aktien splitten? Ich nehme an, weil Du das Risiko verteilen willst, wenn eine Mine Pleite geht, weil sie bei niederigem Preis nur mit Verlust produziert und vielleicht der Silberansteig noch auf sich warten lässt. Richtig?

Nun ich splitte gar nicht, sondern habe alles in physisches Silber angelegt. Denn hier habe ich das unternehmerische Risiko der Minengesellschaft nicht. Ich brauche keine zig Aktienbilanzen anzusehen, sondern schaue nur auf eine einzige Silberbilanz (in deutsch: http://www.weigl-fdl.de/angebotsdefizit.html ). Die spricht für sich. Kann mir jemand eine Anlage nennen, die ein besseres Chancen-/Risikoprofil hat und derart unterbewertet ist. Warren Buffett hat sich auch hier nicht geirrt.

Grüße GF1959

[gholzbauer]

Hallo,
bezüglich Warren Buffett: seine Investition in USG geht vermutlich den Bach runter, Coke und Gillette kommen seit Jahren nicht vorwärts (beide haben sogar 50% verloren die letzten 3 Jahre), eine seiner Versicherungen soll letztes Jahr pleite gegangen sein, und bei seinem Silberinvestment steckt er im Verlust, selbst wenn man die entgangenen Zinsen nicht berechnet.
Er hat sich also schon öfter geirrt, gerade in letzter Zeit.

[GF1959]

@gholzbauer

"bezüglich Warren Buffett: ...eine seiner Versicherungen soll letztes Jahr pleite gegangen sein, und bei seinem Silberinvestment steckt er im Verlust, selbst wenn man die entgangenen Zinsen nicht berechnet. ..Er hat sich also schon öfter geirrt, gerade in letzter Zeit."

Seine "insolvente Versicherung" interessiert mich. Wo gibt es dafür eine Bestätigung? Ist wohl nur ein Gerücht, denn er müßte das auch bei seiner AG veröffentlichen.

Klar ist er derzeit noch mit seinem Silberinvestment im Minus. Das heißt aber nicht, dass er sich irrt. Er ist bekannt dafür, dass er besonders gut Bilanzen lesen kann (z.B. auch die Weltsilberbilanz). Und hier wird er noch einen Spitzengewinn einfahren, siehe Fundamentals bei www.weigl-fdl.de.

Natürlich gehen auch seine Aktien mal auf und ab. Lasst uns also auf sein langfristiges Ergebnis schauen:

http://www.berkshirehathaway.com/2000ar/2000letter.html

In 36 Jahren hat er mit dem Buchwert (konservativ) seines Unternehmens 32 mal den S&P 500-Index (Kurse incl. Phantasie) outperformt. Wenn jemand über 36 Jahren einen durchschnittlichen Wertzuwachs von 25% p.a. erwirtschaftet und Du sagst, er irrt sich ständig, kannst Du mir dann bitte sagen, welche Performance Du von einem Investor erwartest, der nicht so "fehlerhaft" ist?

Gruß GF1959

[Rrocky]

Was denn nun?

Silberminen oder Aktien?

Beides auf einmal, das geht nun wirklich nicht !


Rrocky, der Zzocky

[gholzbauer]

Hallo GF1959,
grundsätzlich ist Warren natürlich ein Börsenheld, keine Frage. Der Buchwert seiner Berkshire besteht m.M.n. jedoch auch aus Unternehmen mit immer noch hohen Bewertungen (Coke, Gillette), insofern ist bei Berkshire ebenfalls "Phantasie" enthalten.
Das mit der pleite gegangenen Versicherung hat jemand hier in einem Thread zur Kölnischen Rück behauptet, genaueres weiß ich nicht. Deshalb schrieb ich "soll pleite gegangen sein".
USG ist jedoch ein Missgriff ersten Ranges gewesen, hoffentlich haut die Silberspekulation besser hin.
Ich wollte Silber nicht schlechtreden, bin selber u.a. in Apex und Macmin, sondern wollte nur die Bedeutung des Buffett-Engagements für Silber etwas relativieren.

MfG

[GF1959]

@gholzbauer
Danke für die Klarstellung. Natürlich macht jeder mal Fehler, auch Buffett ist kein Übermensch. Ich empfinde jedoch große Sympathie für ihn, weil ich ihn für "anständig" halte. Und ich fühle mich durch seinen Silberkauf auch in meiner Entscheidung bestärkt, denn er ist ohne Zweifel ein intelligenter Investor und er baut auf Fundamentals. Außerdem lässt er sich von dem "Geschwätzt" so mancher Experten nicht beirren.

Allerdings beschäftige ich mich schon länger mit Silber und war auch schon vor Buffett investiert. Nach bekannt werden seines Engagements, habe ich meine Positionen noch erhöht. Auch ohne Buffett müßte man nach meiner Meinung mit einem gesunden Menschenverstand zum Ergebniss kommen, dass die Anlage in Silber derzeit nach Chancen-/Risikogesichtspunkten eine Jahrhundertchance darstellt.

Nachdem es immer einfacher ist, gegen etwas zu sein, möchte ich gerne meinen Silberoptimismus nutzen, um auch Andere zum Kauf zu bewegen. Denn was nützt das größte Wissen, wenn man nicht danach handelt.

@ Rrocky

Weder Aktien (das ging die letzten 20 Jahre nach oben, jetzt ist mal ein paar Jahre Pause)
noch Silberminen (keiner kann genau sagen, wann Silber steigt und ob die Mine solange durchhält)
sondern Kassa-Silber (da kann man auch mal richtig viel kaufen, abwarten und ohne Stress in Ruhe jeden Abend ein Glas Rotwein trinken oder in den Biergarten gehen)

"Die Weisheit liegt nicht im Wissen, sondern im rechten Handeln."

Euer Silberoptimist und Menschenfreund GF1959

[yatri]

Der Silberpreis hat seit dem letzten Goldspike (die 298)sich nicht wieder so gefangen, wie der Goldpreis es tat.

Wenn man von einer annähernd gleichen Entwicklung ausgeht und beim Gold für die nächsten Wochen steigende Kurse vermutet, dann liegt der Schluss nahe dass Silber von den gegenwärtigen 4,3x $ auf an die 4,5 $ hüpft ..
Wie seht ihr das ?

[N.MarksDelBanco]

Silber hat keine Chance

[Rrocky]

Gib Silber eine Chance.

Aktion Silberkind

[N.MarksDelBanco]

Spendenbescheinigung?

[yatri]

Bitte lasst den Unsinn und versucht diesen Thread zu einer Info-Grube zu machen, die man per Wortsuche nach z.B. Reuterskürzel oder "Fördermenge" durchsuchen kann, aber bitte nicht nach "Dummschwätzer" oder "Boardschreck"

yatri

[Rrocky]

N.MarksDelBanco,

möchten Sie den Fiskus dazu zwingen, sein Tafelgold zu versilbern?

MfG
Rock

[yatri]

Silber fällt von 4,4 bis auf 4,2 - die Minen bleiben relativ stabil
Silber steigt wieder über 4,3 - die Minen bleiben wieder stehen

Was passiert hier ?! : WARTEN auf den RICHTIGEN AUSBRUCH !