Some basics on paper silver (SLV, contracts, futures.) When you buy these, you are taking possession of nothing. You are basically loaning the banks your money. And they will short these futures to keep the price artificially low, so that they do not have to pay you for the use of your money. How can silver be basically the same price it was 20 years ago?
By selling paper silver, and lots of it, the brokerages and banks create an illusion that there is an oversupply of silver on the market and drive the price down. Two things can break this illusion - 1) buy up all the physical silver on the market, driving the price up 2) hold the paper silver you have as long as you can stand it, let the price of it go way up and then cash in.
Some basics on paper silver (SLV, contracts, futures.) When you buy these, you are taking possession of nothing. You are basically loaning the banks your money. And they will short these futures to keep the price artificially low, so that they do not have to pay you for the use of your money. How can silver be basically the same price it was 20 years ago?
By selling paper silver, and lots of it, the brokerages and banks create an illusion that there is an oversupply of silver on the market and drive the price down. Two things can break this illusion - 1) buy up all the physical silver on the market, driving the price up 2) hold the paper silver you have as long as you can stand it, let the price of it go way up and then cash in.
They have problems, bigly.