Silver getting crushed today

Interesting article I thought . . .

https://seekingalpha.com/article/4054626-part-1-silvers-price-manipulation

 

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Similar articles from Bullion dealers or supportive areas are very common, and they emphasize the point(s) from their point of view vs. the silver commodity markets. What they do not point out is that us the end buyer, both sides are manipulating the market. Bullion dealers can whimper, cry , or shout about 'manipulation', but they use that manipulation to their advantage to acquire silver at a low price and sell to the end customers at a higher price. Companies/people on both sides that have the financial backing and size make good use of the paper market vs. physical, hoping to get uninformed individuals to buy their side ( The paper market have wonderful ads on how money can be made there also). They truly realize this , but market that they are trying to help the poor, uneducated, trampled, scared population to spend their money with them. ( No guarantees of course by either) Be educated and cautious when reading something from a procurer or a trader. IMO.

 

I will have to get the jumper cables out tomorrow night and see if we can revive the poor thing!

 

Whether a crazy fad or not, I do know that they were my children's very favorite doll companions back in the late seventies; in fact, they took them everywhere!

 

My daughter was a Cabbage Patch freak. I put my foot down on the Garbage Pail Kids. I think she benefitted from my position.

 

A potentially informative article about the manipulation of the price of silver that itself attempts to manipulate the reader into buying the writer's product and/or services; interesting.

 

The Cabbage Patch dolls were adorable. The Garbage Pail Kids cards were, I doubt intentionally but almost inevitably so, getting the kids ready for their avid consumption of those godawful slasher movies that seem to be their genre of choice these days; how unbelievably, albeit accidentally, forward-looking that was.

 

I'm a bit at a loss here as to why the matter of the price of silver is of such apparent monumental import to anyone here. I mean, I would think that unless you're one of the Koch brothers and have sunk billions of dollars into silver futures what difference does it make how much silver sells for? Numismatics is, after all, about the study and enjoyment of coinage for its own sake...what does it matter what the financial value of a coin is compared to its intrinsic historic, visual and textural qualities?

 

Its not just Numismatics, Its Bullion as well. Even a .25 up or down affects many folks on here, Most of us like to think we are buying low and will make a few bucks someday.

 

You seem to be overlooking that this thread is in the Bullion Forum, not one of the Coin Forums. The price matters to a lot of people. Those of us who try to claim that it does seems to be outnumbered.

 

I missed whatever the writer's 'product and/or services' were. I was just amazed at the scope of the derivatives' market.

 

Maybe it's just me, but I'd have a hard time collecting anything for the pure pleasure of it. I guess I've just never felt that entitled to waste money when so many in the world have so little. Or, maybe I am just hypersensitive to the reality that people can fall out of the middle class pretty easily in the United States. I never want to be in a position where my life is even remotely uncomfortable. For me, because of that, I collect things that I both enjoy and have a value so that if I ever decide to exit the hobby I can hope to at least get my money back.

 

"Procurer" is a perfect term to use in this regard, because these Wall Street pimps will stop at literally nothing to separate the gullible from their money, and with a sucker being born every minute (forget every day), they have plenty of unsuspecting victims to prey on.

 

I understand that, but not only are the PMs quite volatile but even if they do appreciate it's sheer, massive VOLUME that yields the REAL returns.

 

Well, yes, I see that now. I clearly didn't notice that indicated as the sub-heading above; my apologies for addressing the wrong issue in the wrong place. I'll have to keep a better lookout in the future. Thanks for the advisory; much appreciated.

 

Well, he's in business to make money, so I'm not faulting him for hawking his own wares, i.e., promoting himself as a competent and useful financial advisor as he enlightens us as to the workings of Wall Street. Now, in that regard, I guess it's no surprise that the same derivatives hocus pocus that brought about the Great Recession of 2008 is right back in business just like it never happened, and even bigger than ever at that. In the final analysis we have only ourselves to blame for swallowing the fairy tale of the Great Bailout (to the tune of over a trillion dollars) hook, line and sinker; after all, the same folks who screwed so many millions of people in America out of their homes, jobs and savings got all that taxpayer bailout money to resuscitate just themselves and everyone else be damned; it's as if a thief stole all your belongings in the first place and after he had exhausted all the proceeds of that original ill-gotten gain he came back and demanded you now save him from impending poverty by giving him whatever little you had left to live on yourself. Nice work if you can get it.

 

Actually Lemme, this is the correct thread on the forum for this, as it is the only one such posts on bullion -as- bullion is allowed. Some bullion items can be considered appropriate for numismatic areas , if it is the design, metallic content , etc. However, since the site does, not allow political comments, it also ( for some reason) has the highest ban rate of any of the forums.

 

Thank you so very much for that further explanation; I am alway grateful for that kind of advisory and that sort of guidance to help steer me in the right direction as to what can be talked about here and also in which particular venue it is appropriate to do so.

 

Well, I cannot speak for this individual but unless it has changed from when I read and contributed to it many years ago SeekingAlpha allows anyone to write there and many do it just as a hobby.

 

I would guess because numismatics are a lot less affected by policy decisions and currents events as bullion. Also, apparently, are not as polarizing.