That's cool and all, but the banks have written paper silver certificates at the 500-1 ratio.
If it all comes crashing down, they'll use the physical silver to make their buddies whole and declare the remaining paper worthless.
Retail paper investors will be stuck filing lawsuits to recover pennies on the dollar, and the only thing that will damage is the bank's reputation- and really who GAF about that.
They'll just spinoff / merge / rebrand and memory-hole the whole thing, kind of like GMAC / Ally.
Don't get me wrong, silver is good to have. But you're not sticking it to the man with silver.
That's cool and all, but the banks have written paper silver certificates at the 500-1 ratio.
If it all comes crashing down, they'll use the physical silver to make their buddies whole and declare the remaining paper worthless. Retail paper investors will be stuck filing lawsuits to recover pennies on the dollar, and the only thing that will damage is the bank's reputation- and really who GAF about that.
They'll just spinoff / merge / rebrand and memory-hole the whole thing, kind of like GMAC / Ally.
Don't get me wrong, silver is good to have. But you're not sticking it to the man with silver.