Guinness

SLV Still a Great Buy

"Good luck redeeming your silver from an ETF if its really needed. Possible scenarios include: terrorism, a huge spike in oil prices, plunging dollar, or acts of God. All of which have happened recently except for the dollar devaluation... "

"Needed" for what? Do you think Home Depot and McDonald's will start accepting silver bars at the checkouts if there's terrorism, a spike in oil, a plunging dollar, or acts of God?

When has there *not* been all of the above the decade leading up to 2007, and what did the markets do? And where were the stock markets 3 months after 9/11, or 6 years after?

ETFs certainly do not = real silver or gold, we can agree on that.

Hyperfinlation might result in the only scenario in which you could walk around safely with silver and gold *and* also spend it freely, but currently there's nothing but deflation on the horizon and soon enough gold < $700 and silver < $10 at the minimum so as far as exit strategies go that's where we'll consider exiting our shorts.


On Apr 08 08:32 PM Bill S. Friend wrote:

> I buy physical silver. All the market manipulations have many unintended
> consequences and the "all in" attitude the government displays is
> frightening. I think a twenty percent silver position is prudent
> and I may increase that stake. Good luck redeeming your silver from
> an ETF if its really needed. Possible scenarios include: terrorism,
> a huge spike in oil prices, plunging dollar, or acts of God. All
> of which have happened recently except for the dollar devaluation...
>

SLV Still a Great Buy

Conspiracy theories, the popular believe in a "no-brainer", and articles such as this one convince us to remain short silver and gold.

We maintain a short position on GLD and recently shorted silver via ZSL - ridingthegravytrain.bl... being a