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16% of US Annual Silver Supply Just Vaporized
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<p>[QUOTE="medoraman, post: 1696305, member: 26302"]True somewhat. But, I would say the consumer of coins, (and I would label a stacker to be the consumer of them in a way), is different than a warehouse. A warehouse by definition is simply a temporary holder of a good from the manufacturer to the final consumer. </p><p><br /></p><p>Its an old, old game. Its been done for centuries, and is similar to a market corner. In fact, the markets have been putting tremendous pressure on these two warehouse firms to release the copper sheets at more normal premiums, going so far as dictating daily shipment scheduling, etc.</p><p><br /></p><p>Physical commodities, as I said, just have a whole other layer of "market manipulation" etc that can be pursued. I would love to hear the outcry of silver investors if they had to deal with this new level of complexity. Maybe instead of JPM they would find a whole new group of "market manipulators" to get mad at. Bottom line, though, its not much different than what coin dealers do, try to sell high in low markets, and buy low in high markets. Cornering physical supply is just a way to heighten such returns. Physical corners used to be MUCH more common, in fact they are the reason paper markets were created. I have said before, people who wish there were no paper markets would not be very happy with the results.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1696305, member: 26302"]True somewhat. But, I would say the consumer of coins, (and I would label a stacker to be the consumer of them in a way), is different than a warehouse. A warehouse by definition is simply a temporary holder of a good from the manufacturer to the final consumer. Its an old, old game. Its been done for centuries, and is similar to a market corner. In fact, the markets have been putting tremendous pressure on these two warehouse firms to release the copper sheets at more normal premiums, going so far as dictating daily shipment scheduling, etc. Physical commodities, as I said, just have a whole other layer of "market manipulation" etc that can be pursued. I would love to hear the outcry of silver investors if they had to deal with this new level of complexity. Maybe instead of JPM they would find a whole new group of "market manipulators" to get mad at. Bottom line, though, its not much different than what coin dealers do, try to sell high in low markets, and buy low in high markets. Cornering physical supply is just a way to heighten such returns. Physical corners used to be MUCH more common, in fact they are the reason paper markets were created. I have said before, people who wish there were no paper markets would not be very happy with the results.[/QUOTE]
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16% of US Annual Silver Supply Just Vaporized
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