If the price goes to high they just change the margin reserve percentages to make investors holding a position on margin liquidate. When they announced Osama's death, Ag was $50. Then they changed the margin and boom back down to the 40's.
You are right,did the same to the hunt brothers IIRC.
but you don't have a commodities exchange without actual commodities. You just have people trading paper. Manufactures and a lot of others need actual metal. I will not sell at a fake paper price.
IIRC half of all silver ever produced has been lost to manufacturing. It's a critical metal from electronics to medicine. I stack as much as I dare because one day bread will need a commodity of exchange that's more shelf stable than dollars.
Never thought PMs would moon, see them as a savings account (& typical savings account interest %). However...... never seen PMs this weird either. It makes no sense, behaving paradoxically not rationally nor tethered to classic economic mechanics. It's almost like someone has their hand on the scale pushing it down. And then there's this one. Despite a squeeze, nickel dropped in price today -
Paper price of silver means less than nothing,when they don't have any silver at the comex.
We will win,FOMO is starting to kick in right now.
We moon real soon.
If the price goes to high they just change the margin reserve percentages to make investors holding a position on margin liquidate. When they announced Osama's death, Ag was $50. Then they changed the margin and boom back down to the 40's.
You are right,did the same to the hunt brothers IIRC.
but you don't have a commodities exchange without actual commodities. You just have people trading paper. Manufactures and a lot of others need actual metal. I will not sell at a fake paper price.
IIRC half of all silver ever produced has been lost to manufacturing. It's a critical metal from electronics to medicine. I stack as much as I dare because one day bread will need a commodity of exchange that's more shelf stable than dollars.
Never thought PMs would moon, see them as a savings account (& typical savings account interest %). However...... never seen PMs this weird either. It makes no sense, behaving paradoxically not rationally nor tethered to classic economic mechanics. It's almost like someone has their hand on the scale pushing it down. And then there's this one. Despite a squeeze, nickel dropped in price today -
https://markets.businessinsider.com/news/commodities/london-metal-exchange-restart-nickel-trading-with-price-cap-2022-3