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REPORT ABUSIVE REPLY
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Message Subject
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The Curious Case For $936 Ounce Silver
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Poster Handle
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Tols |
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Post Content
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Let me see here: 52, 121, 600, 936, 1200, 1500, 5000, 10000...... Did I get them all? LOL something like that; I don't know where they are getting their 45 multiplier from. They're wrongly assuming that the ETF funds don't have the silver they claim to have and they're only paper-baked (stock paper that is) at a ratio of 45:1, so someday the fund will have to purchase silver and inflate the price. They're neglecting to mention that the funds don't have do this at all, but this isn't stopping the goldbugs and silverbugs from getting a woody thinking they'll be billionaires in a Mad Max world.  Very true; my thing is no matter if the dollar collapes, they will have another reserve currency set in place and the price will be manipulated back down again and the game will go on and on. I knew that was a bogus figure and as with everything thing else with oil, metals, etc. it is all speculative pricing.
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