Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

inkomwealth
Member since May 2012
1 commentaries -

0 followers

has posted a comment on the article :

The Idea Of Unattainable Silver Is Catching On

- Silver Shield -

Good article, Silver Shield.

I agree with the paper markets not having the physical backing. In Australia it is hard to buy 100oz bars and the Perth Royal Mint usually issues 'unallocated metal' certificates, plus the entire process of registration and waiting for delivery is too much for an investor who just wants a bullion bar for his rainy day:

http://www.perthmintbullion.com/au/Buy-Silver-Bars/100oz.aspx?size=25

My concern is that with the silver prices dropping from $40 to $32 in a matter of 3 days the paper holders are much more agile in dumping it. Yes, COMEX has about 30mil oz and rented out many times that, and yes, JPM and HSBC topped up their paper shorts to about 140 million oz - but these guys are now CREAMING the market as they topped up the extra 20 mil oz when it spiked up.....

This means they made money and your clients lost money as you " helped an estimated $4 to $5 million dollars into physical silver last week".

In our business our clients have physical metal and now worry regarding the price direction. My professional view as a CFP is heavy cash, short banking, long large cap and metals, yet I get dirty looks in the past 72 hours when I talk about silver as an escape from the fiat train wreck. Could you see the rebound soon with the long term still intact? I am not talking RSIs, MACDs, Bollinger averages or Fib numbers. My concern is that as 50% of silver is used commercially, a large drop in demand as a result of the coming depression could hurt the price. Or do you feel differently?

Greg
Sydney, AU

Commented 4598 days ago

Send

Beginning of the headline :Articles promoting $500, $1,000 or $12,000 silver price targets miss the whole point of buying silver. We are investing in silver not to get more fiat currency in thefuture, we are invest for the mathematically inevitable collapse of fiat currency. I put this crazy little theory out there in myfirst blog post at the beginning of the year about silver not being available at any price... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis