[TigersEye]

Does that mean they send you a check for 80% of the current value? Like a dividend?

[dennisw]

Does that mean they send you a check for 80% of the current value? Like a dividend?>>>>>>>

YES!
Means that at the end of your silver futures contract the Comex cannot scrounge up a 5,000 oz silver bar to pay you off. So this week that silver is worth say $46/oz. They are going to pay you that plus 80% more...roughly another $38

So you will paid off to go away at $84/oz. Thus making the true price of physical silver $84/oz and “paper silver” $46/oz

I understand that you can demand a 5000 oz silver bar only if your Comex contract is 100% bought in cash...not on margin. So I hear

[Daisyjane69]

Yes.

And you still own the silver!

[dennisw]

I am going to back track a bit. The true price of silver in the form of deliverable COMEX approved silver 5,000 oz bars is $84. There is a real shortage of them

But I'm sure you can buy still buy physical silver 100 oz and 10 oz and other physical forms for 5-10% above the spot silver price. APMEX prices will show this.

The Sprott physical silver trust in Canada is charging a 20% premium to buy in. Meaning the silver ounces you buy there that they store for you cost you 20% above silver spot of $46. This also reflects a shortage of physical silver

[Gaffer]

It means that is all you’re likely to ever get. You won’t get the silver, but they will sell you more at much inflated prices. THEY DO NOT HAVE IT AND CANNOT GET IT. The only reason they are still in business is to keep creditors, you from demanding real silver and bringing lawsuits if you can’t get it, and the second reason is to keep the doors open so they can sell “certificate silver” to new suckers at inflated prices so they can pay you the 80%. If you have vouchers for silver, demand the silver. If you want to buy it, insist on DELIVERY of the silver - no paper.