Same for silver. If the market crashes and silver / gold spike, people are going to try and cash their fake gold / silver paper, only to find out it never existed. IMHO.
Biggest issue with silver is the new mines in Mexico.
If thise ipen and are as productive as speculation belives, there will be more silver than the market needs. Then even the physical silver will plummet.
I agree. I have a friend who told me she converted her child's money into gold.. I asked more questions and turns out it's paper.. I was like.. hmmm how do you know it's really gold. That didn't seem secure.
My guess is there is more paper gold than physical gold.
Same for silver. If the market crashes and silver / gold spike, people are going to try and cash their fake gold / silver paper, only to find out it never existed. IMHO.
Biggest issue with silver is the new mines in Mexico.
If thise ipen and are as productive as speculation belives, there will be more silver than the market needs. Then even the physical silver will plummet.
Good to know!
I agree. I have a friend who told me she converted her child's money into gold.. I asked more questions and turns out it's paper.. I was like.. hmmm how do you know it's really gold. That didn't seem secure.
Exactly. People are selling paper, some are probably trying to get physical. Don't get left holding FIAT (Paper) of any kind.