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Old 10-09-2005, 10:44 AM
freeman freeman is offline
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Join Date: Nov 2004
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Default Re: Poor Man's "Gold" Could Spell Survival in a Currency Crash

Quote:
However, silver is used - as stated in Mr. Steele's article - in so many manufacturing processes that it steps out of it's precious metal capacity and enters into the category of a strategic raw material used by industry
I believe the same can be said of platinum, which may currently have more industrial uses (ranging from diecutting to cancer chemotherapy) than any other precious metal; hence its current market value approaching $1000 per ounce.
Gold is what really worries me longterm, since as Edgar insinuates, it has the least commercial uses aside from its ornamental value (still a good electrical conductor, I suppose).
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