Quote:
Originally Posted by BIGTYMER
|
Since you know so much about what affects the price of silver, why don't you also factor SLVR EFTs into your case?
The problem is not with mining silver (and for reference, most silver is produced as a BY-PRODUCT of refining other metals/alloys, not mined ..), but rather there is at least
140x as much silver on paper than there is physical silver to cover all the ETFs ...
Big corporations have been shorting silver since Christ was a cowboy ... if you want to talk about scams?
This has been common knowledge for some time ... The price of silver has been manipulated for decades, and it is soon approaching it's breaking point.
I have been collecting/buying PHYSICAL silver since around 1980, when my aunt (a bank guard at the BMO head offices on Bay Street in Toronto) gave me a commemorative 5 oz silver bar and I thought it was the coolest thing ever. Me and a friend hold several subscriptions to precious metals forecasts and analysis charts, and the same friend has put his house on the market to raise more funds for a large buy when the timing is right.
I have a substantial amount of my worth tied up in PHYSICAL silver, so please do not insult my intelligence with asinine comments.
Like conspiracy theories, predicting the housing market bubble burst, or anything else - we are all free to believe what we want, and of course, YMMV.