Well, I waited on hold there for about 20 minutes and got a live person who said they got word today that they can't sell silver. The market is too volatile. "Have you hear what happened with Reddit?" she asked me. I said yeh, that's why I want silver. She said to call back next week. I'm not SOL. I went to my local pawn shops and bought em out of 1 oz .999 coins and a 10 oz bar. Also ordered some on ebay and on amazon last night. I'm ready for the ride!
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ok ya I didnt know about gold really at all.
But ya in 2014 they were leveraged 250:1. SO only 1 in 250 paper silver contracts could actually be fullfilled by real silver.
Its still the amount of money their paper silver contracts are worth will grow much much greater than their silver hordes appreciate at.
I know the aim of silver. Even though most paper silver contracts do not pay out in physical silver. The price alone will pop the banks who created the paper silver contracts. There will be no one left to pay people for paper silver. They will be worth zero.
paper silver hits 50$ and there is not enough money in all the US banks to cover their exposure on the paper silver market alone.