Posted on 03/06/2011 6:27:42 PM PST by Errant
Many of those same contracts state explicitly that the holder of the contract cannot request physical delivery. Look into it.
Silver Ping
Somehow, in a world filled with QE7 or whatever, that makes sense.
I agree to pay you x number of dollars to give me cotton candy and you accept but we both agree you don’t have to give me any cotton candy but I still have to pay you for the cotton candy that we both agreed you don’t have to give to me...
And we wonder why economically we are up shit creek without a paddle?
Europe is now open, spot silver at 36.61
BTTT
Oh I completely agree. And I have a high degree of certainty that a complete fiat currency collapse is going to be with us shortly, and it will take the existing economy with it. The point in REMX being, the very last thing the USA, China, Russia, or Tonga can do without is the byproducts industrialization which are overwhelmingly dependent upon rare earths.
Without Molly Be Damned, we're catching the steam train to the early 20th century, at best.
Let's be honest: Being in paper assets at this point in the game is for gamblers and insiders. I know to what degree the various sectors, and in fact the entire market, is manipulated. But I just can't help myself given the challenge to catch a falling katana.
I'd recommend freeze dried food as an investment before recommending REMX, but as you are probably aware, it is basically no longer available.
“Which would make physical $42.81 at this moment.”
Actually, no that is not right. You have to adjust this price for the convenience of owning a stock as opposed to storing silver. Also, while you can own physical silver in a retirement account, it is much simpler just owning the ETF.
Obviously, you could teach me a thing or two. Break the bank!
The Federal Government is fully covering the losses of the big banks like JPM who are losing millions in their short silver contract positions.
Their currently resides no transparency (read accountability) in any United States big bank.
When the banks had the government suspend mark to market all legitimate credibility of US banks went up in smoke.
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