Caution: If you buy paper silver and succeed in breaking the silver market you will likely get screwed. The silver market price is set in a paper market. If you buy paper silver and so many people do that they cannot deliver the silver banks have two choices.
- Keep trying to deliver as the paper price rises and go bankrupt as they try to honor their short position
- Declare Force Majeure, break the linkage between paper silver and physical silver and flood the market with paper silver to drive the price to zero so they can close out their short position at a profit.
Which one do you think they will pick? Be honorable and go bankrupt, or change the rules and make a boat load of cash?
If you buy a certificate giving you the right to claim physical silver you may end up with nothing....Oh, and if you own physical silver don't be spoofed by them crashing the paper price, if you fall for the head fake you will get screwed...you own the real thing so just sit tight.
P.S. - same goes for the gold market. But silver is to a few banks as gold is to the corrupt world financial system.
I went and bought 3 oz of silver earlier this morning and now every website is out of stock. And it was almost all that I had left in my bank account. But thats fine. I lost my job and now I'm making half of what I was making at my old job, and my bills are somewhat paid. I'll eat Ramen for 2 weeks just for a chance to maybe fuck over the elites.
Yes Physical only. Good luck buying any todaythough Pretty scarce. Tonight will be interesting