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The mind reels at what would have happened to the silver market had the Saudis deployed all (or even part of) the $3.5B into physical silver.
Nov 17 13:09 pm
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All Comments by Engineer »What Does the Recent Saudi Gold Rush Mean? [View article]
At $10/oz, they would have been able to pick up 350M oz., more than twice the amount in the COMEX warehouse (in theory).
A question I'm wondering about (and I don't know the answer), is why - knowing that the silver market is so tiny compared to the gold market - someone doesn't take a stab at being Hunt 2.0?