Thanks for the information and glad you've single handedly figured out the commodities trade in silver. However, the bottom line is they hold metal. big banks may have futures and options but the families have the metal and the mining corporations to dig more out of the ground.
Thanks for the information and glad you've single handedly figured out the commodities trade in silver. However, the bottom line is they hold metal. big banks may have futures and options but the families have the metal and the mining corporations to dig more out of the ground.
there are 3b ounces of physical silver
There are 500billion ounces of paper silver contracts sold by the banks.
if silver goes up 10$ those 500b paper ounces are worth 5 trillion dollars MORE.
At 45-50$ the combined worth of the paper silver market is alone greater than the assets of all top 20 banks in america.
What happens if people started redeeming their paper silver for cash?
No body got the cash to cover that.
Paper silver is a MONSTER they created it. Now I think its about to eat them alive.