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<p>[QUOTE="desertgem, post: 3168797, member: 15199"]Someday that may occur, it has happened more than once in my remembrance, but it may be decades and guess what the majority of the silverbugs will say. I have seen this even 8 or more years on here..."Don't sell it is going to the sky ( or similar) and they hang on. and Hang on, and say oh, its down ....but it will go back up even more...and hang on, and then say, well I wouldn't make much money so I will just keep it as it is sure to go back up,,,,No gain in usable assets.</p><p><br /></p><p>As to paper PM contracts, they are used by ANY major silver bullion company to manage their future supply and costs to continue to prosper during the down time. Yes last major fall 1 or 2 very small dealers went under for that , but not the major ones nor exchange houses who used them also ( the same people who demonize them, use them while telling their customers "trust only the hard stuff". Contracts make money in both directions, the only problem is that the general hoarder doesn't know when or how to use them, while dealers communicate with the mines, organizations, and jewelers associations to know whether it will be scarce ( up) or plentiful (down) and purchase options or contracts to at the very worst break even, but at best roll in the profits. Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 3168797, member: 15199"]Someday that may occur, it has happened more than once in my remembrance, but it may be decades and guess what the majority of the silverbugs will say. I have seen this even 8 or more years on here..."Don't sell it is going to the sky ( or similar) and they hang on. and Hang on, and say oh, its down ....but it will go back up even more...and hang on, and then say, well I wouldn't make much money so I will just keep it as it is sure to go back up,,,,No gain in usable assets. As to paper PM contracts, they are used by ANY major silver bullion company to manage their future supply and costs to continue to prosper during the down time. Yes last major fall 1 or 2 very small dealers went under for that , but not the major ones nor exchange houses who used them also ( the same people who demonize them, use them while telling their customers "trust only the hard stuff". Contracts make money in both directions, the only problem is that the general hoarder doesn't know when or how to use them, while dealers communicate with the mines, organizations, and jewelers associations to know whether it will be scarce ( up) or plentiful (down) and purchase options or contracts to at the very worst break even, but at best roll in the profits. Jim[/QUOTE]
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