This is a lesson some learn the hard way. Even in March 2020 the market for the two was drastically different. In a full economic collapse an exchange to trade in paper may be inaccessible, it may be confiscated by the government for the “national interest”, or the paper deemed flat out worthless if there’s fuckery by whoever is holding the metal.
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All bets are off when SHTF. The government and the banks will take anything and everything to remedy the situation. Vaults of investment bullion just sitting there will be too tempting to them. They’ll replace your paper silver certificate with paper money as compensation.
The paper and real market is already diverging. On Thursday I could buy actual silver at $39/oz (Canadian dollars) or paper silver at $33/oz. There’s another comment here referring to the 1970’s where the SEC ordered a settlement in dollars and not silver. You can bet if things go south they’ll be paying off investors at this lower price of the manipulated market and not at the price of real silver.
Exactly.