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Re: tefman post# 5074

Monday, 02/05/2007 7:49:08 PM

Monday, February 05, 2007 7:49:08 PM

Post# of 68381
Tefman--good for you and glad to hear it. Buying silver is a smart move and not just because folks like Ted Butler say it is. I like to gamble with pink sheet stocks, but I don't consider silver a gamble. The dollar has nowhere to go but down and there is a silver shortage. The U.S. mint has run out and must purchase it on the open market. Silver has far more industrial uses than gold. All it takes is a few more people waking up as well as silver-using industries to realize it's wise to 'stock up' now--it could cause a massive short squeeze. Plus the traditional silver-to-gold ratio is way out of whack. Silver should be around $40 an ounce right now. I tell all my friends and relatives that they should own some real money--silver and gold. Of course, sometimes I get treated like a crackpot, but that's okay. I own several silver stocks including SLW, MGN and SRLM as well as others. My favorite gold stock is AUY.

I think IDCN should get into the silver mining business! ha ha