With banks failing all over, why are silver coins still hovering under $22? All day I hear people saying BUY but silver rounds still sell for $25.
ALSO, any thoughts on GME (GameStop) being in the mid teens? Time to buy the dip?
With banks failing all over, why are silver coins still hovering under $22? All day I hear people saying BUY but silver rounds still sell for $25.
ALSO, any thoughts on GME (GameStop) being in the mid teens? Time to buy the dip?
They are selling paper silver without backing via ETFs. Imagine I have 1oz of silver and hand out 5 IOUs to people saying they own that bar. If nobody comes to collect the scam is good. The price is based on a supply of 5 paper bars. I can get it lower if I issue more paper bars. In reality silver is worth way more than the current spot price.
Thank you for the explanation!
I'm game!