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Message:: [QUOTE="Rono, post: 766704, member: 6492"]Howdy folks, Preachin' to the choir here.  In addition to your friends, Jim Rogers has been beating the drum for both silver and palladium. Regarding the industrial uses mentioned, silver is the best electrical conductor - better than gold.  They use gold for plugs because it will not corrode.  Silver is also just starting to be used in medicine as a germicide and will perhaps have quite a demand here. Historically, silver and gold traded at between 15 and 20 to 1.  It's 64 to 1 as I write and while you can argue that the historical ratio is no longer applicable, I hardly think that it should be 64 to 1.   There are two metrics that I follow with regard to pm investing - the gold/XAU ratio and the gold/silver ratio.  The former says to overweight mining stocks relative to bullion and the latter says to overweight silver relative to gold. I'd own silver mining stocks - HL, SSRI, SLW, PAAS, a little SLV the silver bullion ETF (must be held in a tax deferred or exempt account to avoid the 28% tax rate), CEF (Central Fund of Canada) is a closed end fund that invests in gold and silver bullion at a 55/45 ratio and is taxed at 15% on LTCGs - oh and a pot full of silver bullion in one form or another.    peace, rono[/QUOTE]