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<p>[QUOTE=&quot;medoraman, post: 1622028, member: 26302&quot;]ETF&#039;s have nothing to do with it. You are talking about leverage both on the buy and sell side of the COMEX. </p><p><br /></p><p>I would predict much less liquid markets, much higher buy/sell premiums, and much larger up and down movements. Leverage allows markets to be more liquid benefiting nearly all participants. Without it yes, silver could spike short term to $100 an ounce much easier, but it could also crash to $8 much easier as well. Physical markets have a whole slew of imperfections, and are MUCH easier to mainipulate than markets allowing leverage. Read about 19th century markets and all of the bad things that could/did happen in them. </p><p><br /></p><p>Almost all rules in COMEX markets today are in response to how BAD physical only markets were. People complaining about &quot;manipulation&quot; in current markets should at the very least read their history and see WHY today&#039;s markets are structured the way they are, and how they are much better. How would you like a physical only market where you saved gold your whole life, but someone decided to dump the market and the price of gold was down to $400 an ounce when you HAD to sell? Yes, it might go up to $4000 in 6 months, but you do not know for sure, and you need the money NOW.[/QUOTE]</p><p><br /></p>

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