Silver in a non-manipulated market
It is difficult for non financial people to understand the importance of central bank purchases of toxic assets. Can they hold them forever ? or write them off as bad debt?
Would this be equivalent to a simple expansion of money supply ? The remaining good assets would simply diluted in dollar measure. In other words, by what means does the debt matter?
The massive short selling of silver obviously depresses the price of silver, but is this to our advantage in the long term? We could not afford silver in a non manipulated market. The silver gold ratio is obvious nonsense. I only see gold mines in Australia. Silver is a by product of other metals and arises at 10:1 not 50:1. Silver is also rarer above ground.
I hold silver like all good pirates, as a store of value forever. It lets me sleep at night.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Comments.