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Old 11-16-2007, 02:30 AM
Jimbo Jimbo is offline
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Join Date: Sep 2002
Location: Planet Earth but relocating
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Default Re: Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?

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Gold used in electronic components does not disappear. This can be refined and extracted. There is major industry around this.


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How does this differ from what I wrote?

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This isn't really entirely true for any of the above.

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Not quite entirely? What portion please, I was referring to silver in that portion of my comment. There is much more silver still underground than above. Why do you think we are drilling for oil in the middle of the ocean? I'll help, the current market price makes it worth drilling out there. Perhaps you weren't around when oil dropped to below $20 per barrell and stripper wells were closed all over the Anadarko basin. Guess what, they are up and operating again.

Noetheless my conclusion that investing in silver is far from the best choice seems reasonable to me.

Jimbo
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