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<p>[QUOTE="Ana Silverbell, post: 3168774, member: 75156"]If Samuel Beckett were alive and a member of Cointalk, he would make PM bugs his main characters in <i>Waiting for Godot</i>. We buy silver or gold at "low" prices waiting for that elusive moment when silver and gold prices will rise and we will be cheered for our foresight by family and friends.</p><p><br /></p><p>We buy PMs and disregard the manipulation of the PM market caused by paper PM contracts (JP Morgan/Goldman Sachs). Paper contracts are used to dominate, control and (usually) depress PM prices, and this persists so long as we have a weak industrial economy.</p><p><br /></p><p>Historical silver prices are a good example of this. The Silver Institute website has an older article entitled, <i>Silver Price History</i>, which tracks the historical price of silver since 1950. This article appears to support the position that a robust industrial world economy or even US economy has historically been the <i>main</i> driver for rising PM prices; so, when an economy is good, you will see physical demand for silver rise, driving up silver prices. In a weak industrial economy, which we are in, demand for physical silver remains weak, leaving silver easily manipulated by paper PM contracts and resulting in low silver prices.</p><p><br /></p><p>So then, am I buying right now? Of course. I can't help myself. I'm a PM bug.[/QUOTE]</p><p><br /></p>
[QUOTE="Ana Silverbell, post: 3168774, member: 75156"]If Samuel Beckett were alive and a member of Cointalk, he would make PM bugs his main characters in [I]Waiting for Godot[/I]. We buy silver or gold at "low" prices waiting for that elusive moment when silver and gold prices will rise and we will be cheered for our foresight by family and friends. We buy PMs and disregard the manipulation of the PM market caused by paper PM contracts (JP Morgan/Goldman Sachs). Paper contracts are used to dominate, control and (usually) depress PM prices, and this persists so long as we have a weak industrial economy. Historical silver prices are a good example of this. The Silver Institute website has an older article entitled, [I]Silver Price History[/I], which tracks the historical price of silver since 1950. This article appears to support the position that a robust industrial world economy or even US economy has historically been the [I]main[/I] driver for rising PM prices; so, when an economy is good, you will see physical demand for silver rise, driving up silver prices. In a weak industrial economy, which we are in, demand for physical silver remains weak, leaving silver easily manipulated by paper PM contracts and resulting in low silver prices. So then, am I buying right now? Of course. I can't help myself. I'm a PM bug.[/QUOTE]
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