No one in retail is gong to change much in the silver market, it's a commodity and the retail silver trade is full of hucksters selling metal at huge markups over spot. They also hype it up to the gullible which we are seeing yet again happen.
Silver production is mostly a side product of copper and gold mining these days, it is a super common metal and even the bullion amounts available are huge.
The EFTs are the least of the problem, it's Futures where the real fraud takes place, large banks do manipulate that market and have done for years.
50,000 shares of SLV is $1.25 mill, it equates to 1.5 tons of silver, as if anyone here has that kind of money in silver and has a place to store 1.5 tons of it.
This 50k redeem rule is how they manipulate the market, by selling more EFTs than are represented by physical silver
If you watch the SGTreport, you will have a VERY good understanding of the silver market. Sean has been talking about the manipulated silver market for over 2 yrs now
Hell, according to your own source, it says that only "registered broker-dealers" can redeem them anyway, even if you do have 50,000....
and none of this should matter anyway because only idiots are buying silver right now.... It is literally propaganda.. sorry if you fell for it..
I'm not saying silver is not a good purchase or investment. I'm saying that right now, at this present moment, almost all those silver shares you're talking about, and even the majority of physical silver in the world, are owned by the very same fucking hedge funds and banks that we're trying to hurt...... So of course they want to quietly encourage people to buy into silver right now because it will make the price jump and instantly put billions and billions and billions of dollars in their pocket and help offset any loss they might incur from the meme reddit stocks war
So you are literally giving the trillionaires exactly what they want right now if you buy silver and help make the price go up.
They reckon there is 189 paper ounces to each physical ounce. They manipulate the markets anyway so they don't need us to buy anything to up the price, they trade amongst themselves and print currency off the back of it. Silver will skyrocket when currency gets backed by it again.
No one in retail is gong to change much in the silver market, it's a commodity and the retail silver trade is full of hucksters selling metal at huge markups over spot. They also hype it up to the gullible which we are seeing yet again happen.
Silver production is mostly a side product of copper and gold mining these days, it is a super common metal and even the bullion amounts available are huge.
The EFTs are the least of the problem, it's Futures where the real fraud takes place, large banks do manipulate that market and have done for years.
50,000 shares of SLV is $1.25 mill, it equates to 1.5 tons of silver, as if anyone here has that kind of money in silver and has a place to store 1.5 tons of it.
This 50k redeem rule is how they manipulate the market, by selling more EFTs than are represented by physical silver
If you watch the SGTreport, you will have a VERY good understanding of the silver market. Sean has been talking about the manipulated silver market for over 2 yrs now
Hell, according to your own source, it says that only "registered broker-dealers" can redeem them anyway, even if you do have 50,000....
and none of this should matter anyway because only idiots are buying silver right now.... It is literally propaganda.. sorry if you fell for it..
I'm not saying silver is not a good purchase or investment. I'm saying that right now, at this present moment, almost all those silver shares you're talking about, and even the majority of physical silver in the world, are owned by the very same fucking hedge funds and banks that we're trying to hurt...... So of course they want to quietly encourage people to buy into silver right now because it will make the price jump and instantly put billions and billions and billions of dollars in their pocket and help offset any loss they might incur from the meme reddit stocks war
So you are literally giving the trillionaires exactly what they want right now if you buy silver and help make the price go up.
They reckon there is 189 paper ounces to each physical ounce. They manipulate the markets anyway so they don't need us to buy anything to up the price, they trade amongst themselves and print currency off the back of it. Silver will skyrocket when currency gets backed by it again.
You're right that now is the wrong time to buy and it is an investment not a short term money maker.