I don't think you understand Comex. They do not sell PMs or fractional interests, etc... It is strictly a warehouse operation that is audited...
I suppose that is likely to happen with a tiny commodity like silver. But even if the physical ounces in Comex completely covered the amount...
I agree. That's how it works and if someone waits for them to say "sell" they will be very disappointed. A good example is Stephen Leeb, a well...
I'm on the fence about this. You are correct about recent performance, but if someone expects silver and gold to go much higher over the next 5...
I've never seen any credible report indicating that any comex warehouse certificates were fraudulent. The certificates list the number and...
It's getting close. My maximum buy price for silver is still $20, but I might dabble in the mining stocks if it goes much lower.
I've been very busy lately. Apparently, my absence caused the metals markets to collapse, but now that I'm back, they can resume the bull market. ;)
Every Comex warehouse certificate is backed by a numbered bar. Every owner can decide to take possession if they wish. I don't see it as a problem.
I've read stories about Comex defaulting since about 2004. The fact is that a Comex warehouse is just about the safest place to store bullion,...
I would guess that many calibers have outperformed silver and gold in price over the past decade, and probably will over the next decade.
It would just devolve into another scam. If it's non-redeemable, it isn't backed.
I think you're completely wrong. Time will tell.
I would just point out that in my opinion, and nobody knows the future, it would be a mistake to believe that the housing recession is permanent....
I saw them live in Vegas way back when. Good stuff! :thumb:
I like the present design and suspect that a new design will be inferior, but there is always the chance that they might come up with something...
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