Could we...?

Change the metal markets just with the people on this forum? I mean think of it this way, if everyone on the forum went out and bought 100 ounces of silver, the would be over 3.75 million ounces of silver. I'm not saying it would I'm just asking could it?

 

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Could we wait till AFTER Christmas??

 

"Change" it how? What would buying a fairly small (in the overall scheme of things) amount of silver change or do?

 

Silver bail-out has been done already.

https://en.m.wikipedia.org/wiki/Bland–Allison_Act

 

I doubt if it would amount to any difference.

 

The Hunt brothers tried to change the market and look what happened to them. I know dealers who lost their business's trying to play the game back then.

 

No, the market is controlled by futures and options. It might tighten the supply in the physical market and may move the premiums, but wouldn't affect the paper market in the slightest.

 

Never happen, even if they could afford it!

Chris

 

3.75 million ounces! That's a lot to me but nothing in the world view. Not even a drop in the bucket!

 

Ya, that's only 1/17th of JUST the 2015 ase mintage.

Does anyone know just how far the Hunt brothers got?

 

Not sure but they did panic the silver market for a short while until the Feds stopped them. Silver got up around $50 an ounce on a Friday and crashed that same night leaving dealers with no outlet to sell off.

 

Depending on where we all buy from, we could possibility put some temporary stress on the retail market of specific products if everyone went and bought from a narrow selection all at the same time. Any impact would be short lived and life would continue. The overall silver market prolly wouldn't notice...

 

I think the question would be why would we want to do that???? Let's just say for arguments sake, it could move the needle. Well then we would all be buying at an inflated over valued rate as the price was rising in response to buying. Eventually it would settle back to its "normal valuation" and we would find ourselves on the short end of the stick.

 

If the Hunt brothers were converted from billionaires to glorified paupers, what do you think would happen to us?

 

And back to billionaires again.... but still, point taken.

 

Of course some members might buy options to take advantage of the move and then dump them

 

Sammy Davis Jr. used to be on the short end of the Rat Pack's shtick. Look, I know that there are dozens if not hundreds of posters here who are convinced that the metals markets have it all wrong and we are right and yadda yadda, blah blah.

1) the "paper traders" ARE not just these two markets (Au and Ag), but EVERY commodities market with the possible exception of radioactive or otherwise dangerous ones, like uranium.
2) the sum total of physical buyers, other than those who use the stuff industrially, are but a gnat on the pimple on the left gluteal of the market.
3) the ONLY ONLY ONLY people who are ever "wrong" about the valuation of any commodity are those with a personal, emotional, or romantic historical component to their valuations judgments, people like stackers.
4) watch the paper market and learn, don't gripe or dispute it. It's right, after some smoothing out of short term noise, and you're wrong. And the longer you insist you're right and the market's wrong, the worse butt whipping you'll end up taking.

 

Did you see that today? I bought a silver dollar last night and BOOM! Interest rate hike!

I bought a 1909-S cent last week - I was too scared to look at the copper market!

 

I'll bet you're the guy that makes it rain by washing his car.

 

We had drought the last few years. Bought a new car in August and started washing it once a week. We're getting 2-3 rain storms a week now. The weather gods do not lie!