Anonymous ID: 3f61bc Jan. 30, 2021, 2:05 a.m. No.12765576   🗄️.is 🔗kun

>>12765559

https://www.cbc.ca/news/business/scotiabank-2-other-banks-accused-of-rigging-silver-price-1.2720027

 

Been going down for a while Fren. Buy buy buy. This is not financial advice.

Anonymous ID: 3f61bc Jan. 30, 2021, 2:15 a.m. No.12765628   🗄️.is 🔗kun

Disclaimer : this is not financial advise nor do I claim to be a financial advisor.

 

To get right to the chase, silver is traded in the open market at a ratio of 500 paper ounces to 1 physical ounce. Now, those paper ounces , no matter how many shorts are made are pretty much never demanded to be actually paid out. So they can drive the price down, as in the case of last spring, spot value was roughly $12 yet all silver dealers charged $24 to take possession. You getting it yet? There is a high demand and not enough physical silver to pay out the paper contract at least without someone losing their ass to do so. Best thing that I felt to do was buy more physical silver and stack and hold. Plus it's real, not that fake as high grade toilet paper fed notes. Silver will reclaim its rightful place someday.