It's well known and openly admitted and lawsuits have been won about manipulation in the precious metals markets.
The low side of the Gold to Silver ratio is about 100 to 1
The high side in history was 10 to 1
So if Gold inches up to $2500 oz... that puts Silver at $250
currently $27 - that might sound mad - until you think into the performance in many other assets, Tesla, Cryptos etc.
JPM, Barclays and all the spooks have gone out of their way to crush silver prices for decades - this is one way we can beat them.
Silver futures are a small market place - we can easily squeeze them out there.....
The Hunt Brothers did it in the 70s but they didn't have the viral power we have.... to get the masses behind them.
There are a few options for getting into the silver market. There is physical purchases from reputable dealers. There is buying a silver ETF which gives you exposure to the silver price, but you don't physically own it. There are futures contracts for larger amounts that can either be settled for cash or physical delivery(take delivery). Jewelry manufacturers and bullion dealers are the types that typically take delivery. The futures market trades in large quantities of silver (5000 ounce contracts) so is not usually the way retail investors go, but if you have the money and are investing long-term, taking delivery on a futures contract is a good way to keep the silver market honest. If you are just getting started, small physical purchases are probably the way to go, but I can't give you any advice since I don't know your personal situation and risk tolerance. For someone just looking to make a short-term trade, the ETFs are an option, though I personally don't like them because electronic markets can be more easily manipulated.
buy from a local coin store
this is the ONLY WAY to eliminate third party risk
Agreed. There is always SOME risk, but a local dealer is the safest.
There is no COUNTERPARTY risk at a dealer though
not is there risk of not being able to take delivery if you walk in with cash and walk out with silver
that is the only risk I am referring to
Agreed. I was referring to the very slight risk of getting fake silver (more likely on ebay) or getting robbed on the way home. There is risk with everything, but in-person sales are still best.
Your post needs more visibility because it's a great, short explanation. Enough information to give the newbie buyer a starting point with all the right terms to input into a search engine. I hope more people just starting can see it.
Thank you. If you are interested, Peter hug has a balanced view on the subject. He just did an interview with kitco here: https://www.youtube.com/watch?v=2pIDNcHhhO0
I haven't watched his interviews but I've been following the silver news since around 2008. I'll watch this interview. For anyone else reading, a good starting point is Mike Maloney's series "Hidden Secrets of Money" for basic information. Full disclosure: he is a dealer of gold and silver.
I will second that recommend on Mike Maloney.