I recently bought 200 oz. of silver from ajpm, thinking that this would be a good hedge against hyperinflation after the rollover, but everything is sounding so rosey -- no problems anywhere -- that I'm wondering if it was a foolish move. Does anyone here care to venture opinions on the future of silver, if nothing huge happens re:Y2K? Thanks!

-- CD (cdokeefe@firstva.com), December 30, 1999

Answers

You can't go wrong with silver. It's so cheap it's practically free. Its value is not likely to go down from where it is now, and you can always get most of your money back.

But sit tight. They don't call it Y2k for nothing. Let's see what happens. Give it till spring.

-- semper paratus (got_a_few@rounds.myself), December 30, 1999.

Now that the Lone Ranger died, there's probably less of a market for silver rounds.

-- Flint (flintc@mindspring.com), December 30, 1999.

Visit www.gold-eagle.com, click on their Silver section for starters. Note that price of gold, silver and oil tend to have a directly proportional relationship.

Y2K was the big motivator for my own purchasing of gold and silver, but I think that one can make an excellent case for having hard assets as a hedge against uncertain times, regardless of Y2K. Good luck.

1 day.

-- Jack (jsprat@eld.~net), December 30, 1999.

Y2K isn't over at midnight on the 1st. Don't think for a minute it's time to pack the preps away for the next disaster. My opinion is, we will not have a (good) idea of the implications of Y2K until about the third week of January. If things are OK still then, I can take a break.

The next hurdle will be the Leap Year code issue. If Y2K passes without a hitch, maybe the Feb 29th issue will too. We shall see.

-- Rob (maxovrdrv51@hotmail.com), December 30, 1999.

CD:

I've got this funny idea that works for me:

If you want a quick decision, you'll get one, but it likely won't be good. If you want a good decision, you'll get one, but it likely won't be quick!

Hang fire there--you're losing nothing--and wait this whole impact thing out...

Godspeed.

-- (Kurt.Borzel@gems8.gov.bc.ca), December 30, 1999.

Hold on to the silver. We ain't home free yet...

-- Mara (MaraWayne@aol.com), December 31, 1999.

I was looking at gold bullion 9 months ago. But the commision was outrageous, so i decided agains it. Since then GOld has gone up considerably. But that was then , this is now. The metals futures dont look rosey at all. But ill agree with the other posts here in that selling it now aint gonna help you, you might as well keep it. Id sell it around March. What i cant figure out tho is what you would expect to do with it in the case of a big Y2k event, I cant see our economy going to silver or gold for that matter. Was it just a financial hedge, to protect against inflation?

nyc

-- nyc (nycnyc@hotmail.com), December 31, 1999.