Canadian silver bug

The Rise of the Silver Surfer

ETFs are still based on trust, trust that someone has the full bullion backing, trusting the market does not have a bunch of naked selling, trusting that the custodians for the silver don't have many conflicting claims against the silver. ETFs are for saps.

At least equities can have good leverage to the metal, ETFs have nothing that you can't better get buying and holding the metal itself.

Buy a contract and strip the Comex stocks don't waste your time on paper silver of any kind.

Looks Like There's a Silver Shortage

By the way is there any reliable stats on how much silver is represented by certificates and pool accounts?
And if so who is making sure they have anything to back it up with?

If the paper liabilites against silver are anywhere near what I think they are it would be quite evident the silver market is essentialy insolvent, having far more claims on silver than can be filled.

Looks Like There's a Silver Shortage

On the ground in Toronto I can attest to the lack of silver at Scotia Bank the largest and most important dealer in Canada. With no silver at Scotia there is no silver at any bank. It's been evolving since last year when there were periods where you could get silver but not always the kind or size you wanted, this is the first time I can get none.

Last year the old rough bars disappeared to be replaced by the new extruded Royal Canadian Mint 100 oz bars, showing all the old silver had moved to strong hands or was taken off the market to add to the Comex stocks.

Comments at my site support there is no silver to be had at this price in Canada. Pent up demand will absorb anything todays mints can produce as show by delays at NWT mint and runs on silver eagles and maples. To have the retail market empty and the price falling makes no sense but to support the manipulation arguement.

Canadian silver Bug