Quote:
Originally Posted by SilverCity
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There has been manipulation in markets since there were markets.
In reality, I don't want $35/oz silver either. In the same way, no one wants $300/barrel oil. If silver hit $40 or $45 an oz would you sell? How about $100?
If you are buying silver like I am its a two fold position. 1) I already max out my 401K and Roth contributions, I fund a HSA and pay at least one extra mortgage payment a year. My silver purchases are just another investment I feel will pay off in the future 2) Its my security blanket. If the world goes the way I think it will hard commodities (or really anything other than fiat currency) will be king.
The one thing I noticed about the article was this "The cartel understood the predicament they were in, and responded with a massive
paper dump on the market to stuff price back below $35."
How much physical gold and silver is out there to back the paper?