GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

Mr Hamilton has some valid points and much of what he said is known to avowed silver bugs. What I failed to see or perhaps overlooked or missed altogether, was the multi uses for silver causing non replaced consumption. I am certainly not knocking gold here, but as a store of value there is virtually no consumption of gold that cannot return to supply in a hurry given the right circumstances. While the same is also true for some silver uses, there are many that make the retrieval and reuse of silver nearly impossible or economically unfeasable. So it disappears never to be "seen" again. I think longer term this will eventually cause the uncoupling of the silver/gold pricing ratios. I'm sure most have read some authors that claim there is now more above ground gold available than there is silver. I don't buy it (yet) but it makes a silver investor feel quite good about his/her investment no matter what the spot price is.

.......al