Name a Stock That's a Good Proxy To Actual Silver...

[chux03]

I'm asking because I have a substantial amount of money wrapped up in a good silver mining stock right now but because I think the silver market is going to be heading up in a hurry in the next few weeks and months and physical bullion will out perform just about any silver mining stock (at least at the start of the event), I'm looking for a stock that would be a good proxy to actual silver. The reason mainly is because if I sell the stock I'm currently in and cash out, it can take up to a week before the money is credited back to my bank account from my brokerage account. And I've never taken any cash out of my brokerage account so I almost feel a bit guilty for even entertaining the notion.
But...if I decide to sell my current mining stock (which I'm currently up by 15+%) and take that money and invest that in a proxy to silver, what's the name of some of these stocks that I'm looking for or may be interested in?? Suggestions and advice welcome...

Thanks everyone!!

P.S. I know all about the silver ETF's and wouldn't put any of my money in them. I'm a little more hands on (and a little less trusting in them due to my reading of Ted Butler and Jason Hommel, among others) than that...

[chux03]

O.K. I guess I'll throw out a couple of stocks here and see if there's any comments.


A true PROXY TO SILVER BULLION.
The first silver stock that comes to my mind when I think of silver proxies would be:

SILVER WHEATON (SLW): (Currently $18.19 per share)
www.silverwheaton.com/
is the largest mining company with 100% of its revenue from the sale of silver. Having silver purchase contracts with five separate mines, the Company expects to sell approximately 15 million ounces of silver in 2008, growing to 25 million ounces by 2010. Silver Wheaton's unique and simple business model is designed to create long-term shareholder value, providing for strong upside potential with downside protection. Silver Wheaton is unhedged and well positioned for further growth.

And the next PROXY TO SILVER that comes to (my) mind would be:

CENTRAL FUND of CANADA (CEF): (Currently $13.66 per share)
www.centralfund.com/
is “The Sound Monetary Fund”.

Central Fund's purpose is to hold gold and silver bullion on a secure basis for the convenience of investors in the shares of Central Fund.

(At least 90% of Central's assets are Gold and Silver at all times.)

Advantages

* Easy to make a bullion investment. Central Fund shares trade on the open market like any other listed stock. A call to your broker is all you need.

* No contract, delivery logistics, storage, insurance or assay headaches for Share Owners.

* No transactions fees or sales taxes of any kind, other than your broker's commission.

* Safety: Central Fund's Gold and Silver Bullion is stored in the highest security rated treasury vaults at a Canadian chartered bank on an unencumbered, allocated, segregated and insured basis.

* Long-term administration: Central Fund was founded in 1961 by its Chairman.

* Eligibility: Central Fund's Shares qualify for inclusion in many North American regulated accounts.

* Certainty: Central Fund is known as: "The Sound Monetary Fund"

Factors You Should Consider

Central Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. dollars.

The prices of Central shares, quoted and traded on The American Stock Exchange and The Toronto Stock Exchange, may fluctuate more or less than the prices of gold and silver bullion.

[TTAZZMAN]

chux i agree with you on the Stocks....but would add one thing on SLW....i dont consider SLW to be a true miner....in that they buy other base metals miners silver production at a set price over a specific time period....

this in my humble opinion leaves them with a distinct advantage as they dont have to face riseing production costs in an inflationary enviroment

I also think slw is a very good proxy for real silver


CEF Central fund of Canada is my #1 bi-metal proxy for both gold and silver for the reasons you stated


if someone is looking for the major miners

SSRI and PAAS come to mind as decent proxys but they have to deal with riseing inflationary production costs