What's Good About the Metals' Bad News [View article]
Can you trust a paper promise? I hope these enterprises are not a bunch of "Paper Tigers", operateing primarily in OTC derivatives which has no openess or clearling house? Do the ETFs have the products they claim & where did it come from?(ANY AUDITS?) This is very important to know because of the increase of Gold ETFs around the globe. Remember it was Derivatives that was the weapon of mass money destruction accross the world & they are still being used by the same people who packaged them to suckers in mamy forms!!!!Verify,Verify...
What would happen if only 1, say China, is the lone Short, backed by all of the US Dollars they now hold, could they cover & take all ? Just a thought!!
EE, I am in total agreement !! If you really want to get a better view point, go to silverseek.com . You can count on those holding phyical silver will be in good shape, but those holding a paper promise , had better verify that the silver is there with your name on it!!! At todays spot, silver is still cheap, many places sell bullion, but if you need storage, you can get that done also. I like to be able to see mine...
If Mr Butler is right, then silver will be harder to get . If all the shorts are forced to cover, silver will look as it was shot out of a cruise missle, with no tarket, just up. I would hate to be the ones having to cover or not having phyical silver, hope you have yours.
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