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.
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.