To: Presbyterian Reporter
There’s a whole lot more silver metal out there than Gamestop shares.
Much, much harder to do a squeeze.
Unless, of course, there’s paper receipts issued by entities that do not actually possess the silver, or who have sold it more than once ;-)
21 posted on
02/01/2021 5:48:41 AM PST by
Jim Noble
(He who saves his nation violates no law)
To: Jim Noble
That’s been the case with Silver for a long, long time. Most of what is actually traded is not backed by physical bullion.
In theory if enough orders are placed demanding delivery of physical, it could cause a spike. I would love it if it did, but doubt it will spike much over $30.
24 posted on
02/01/2021 6:00:23 AM PST by
okkev68
To: Jim Noble
“entities that do not actually possess the silver, or who have sold it more than once ;-)”
That’s the rumor. We may find out this week.
26 posted on
02/01/2021 6:02:28 AM PST by
dynachrome
("I will not be reconstructed, and I do not give a damn.")
To: Jim Noble
There might be some paper silver in the COMEX warehouses.
34 posted on
02/01/2021 6:08:53 AM PST by
diatomite
(That grifter crook Biden or Kamella isn't my president and never will be!! Resist!!)
To: Jim Noble
Unless, of course, there’s paper receipts issued by entities that do not actually possess the silver, or who have sold it more than once ;-) That would never happen...
38 posted on
02/01/2021 6:17:44 AM PST by
null and void
(Since I'm a punster, a jokester, and a well rounded funny guy, my personal pronoun is "He He")
To: Jim Noble
Unless, of course, there’s paper receipts issued by entities that do not actually possess the silver, or who have sold it more than once ;-)
I am sure that is the case. BUT how much physical silver is sitting out there? No one really knows. That is the game in commodities. There is always some "paper" stuff. Never can be 100% sure if you ask for delivery you will get it, but it is tied to a physical product.
66 posted on
02/01/2021 7:43:15 AM PST by
redgolum
(If this culture today is civilization, I will be the barbarian )
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