Curious. The “price” of silver is about $13 an ounce but you cannot buy it at that price?
The debts, all of them, are going to be liquidated.
The issues are political, in Lenin’s immortal words, “Who? Whom?”
For what’s worth, traders sell underlying assets or use cash to cover margin calls every day. This is a none story other than people didn’t cover their futures with the actual underlying asset. That’s unless they are trading gold or silver futures, then gold or silver would be the underlying.
“The ‘price’ of silver is about $13 an ounce but you cannot buy it at that price?”
I don’t claim to be an expert in high finance and metals trading, but I do know that if you have to pay $21.00 to acquire something, (not a piece paper claiming that you can buy it in the future or some other bulls*t) then the price of that thing sure as hell isn’t $13.00. It doesn’t matter whether it’s a hand sanitizer or an ounce of silver.
My screen name gives some indication as to what I think the best approach to hedging ones bets with precious metals is.
Bargain Hunters never give up.
I jumped out at 27K and won’t even Think about making a reentry until I hear 15K
Does anybody see the irony of those calling for a return to the “gold standard” for U.S. currency?
I have no sympathy for any private individuals borrowing money to play in the stock market.
That’s what you get for buying on margin.
Made a bet and lost. My my.