reiner@cca.UUCP (David Reiner) (09/17/84)
Distribution:
A precious metals broker is giving me a hard sell on August 1, 1985
call options on silver at a $6.50 strike price. For 1000 oz., this
costs roughly $2500. He claims that the dollar won't stay strong,
that interest rates may come down, that the federal deficit will
be with us for a long time, that silver is currently very cheap, and
that all these factors will shortly drive up the price of silver.
Does this all sound reasonable? Has anyone out there had experience with
this kind of investing?
decvax!cca!reiner
or reiner@cca dlf@ea.UUCP (09/25/84)
Every year for about the past three years someone calls me claiming to be from a precious metals brokerage house and gives me the same line about how great siver is an investment at this time (whatever time that may be) and how it won't last for long. If I were you I'd call my broker and ask him what he thinks about it after all that is his job. Also there is nothing that the "precious metals broker" can do for you that your own broker can't, I'd rather deal with someone I knew. Dana French
adm@cbneb.UUCP (12/01/84)
Just a quick question...
What does everyone think about silver options at this point in time?
Is $7.30/oz. really 2 dollars under what it costs to mine it?
Does it really seem probable that silver will reach $15.00/oz. sometime
in the winter months?
Post or mail your opinions, and I'll compile a summary.
Mail to:
Craig Votava
...ihnp4!cbnap!cmv