Metal price fixing in numbers
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (4)
sorted by:
Its my understanding that in the case of precious metals they also create 'paper" metal. They sell this paper in IRAs and such. There is a promise to provide the silver on demand and its implied they have it on hand. But they dont actually have this physical silver. There is much more 'silver' on the market than there is physical metal. This is a tactic that Merrill Lynch has used for decades, I think the primary now is Chase, that has kept the price artificially low.