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<p>[QUOTE=&quot;medoraman, post: 1626114, member: 26302&quot;]Wow, lots to respond to. I will try in just one post.</p><p><br /></p><p>First, I agree with Jim. I know its hard for us to get it through our little skulls, but MOST OF THE WORLD DOES NOT WORSHIP GOLD AND SILVER. MOST OF THE WORLD WILL NEVER WISH TO BUY SILVER, REGARDLESS OF PRICE. They just don&#039;t. They DON&#039;T want to buy PM. I don&#039;t know another way to say it. ANY comparision between an item we may worship and the &quot;whole world&quot; is meaningless garbage meant to mislead others. Sorry, but that is the simple truth. I see comparisons like this pretty frequently, and 99% of the time its by huckster salesmen trying to get you to pay them a fat commission. ANY ARGUMENT like this should make everyone&#039;s hair stand up on the back of your neck, since most of the time the person telling you it is trying to con you.</p><p><br /></p><p>Regarding JPM, that is a favorite target. They are the &quot;market maker&quot; for silver. How do you &quot;make markets&quot;? You create shorts. That is simply how modern markets work. Please reseach it. You will see the same with other markets as well. I have looked into the issue, and see nothing nefarious at all about it. If they didn&#039;t create these shorts, the silver market would be highly illiquid and a MUCH worst market than it is today. I have posted repeatedly here about this, and why liquid markets are much preferable.</p><p><br /></p><p>Regarding supply demand, I read the silver institute, (9th consecutive increase in production, to a record high btw for those claiming silver is &quot;running out&quot;), as they produced 761.6 ounces of silver, and industry used 486.5 ounces. I am assuming industrial demand completely used up the silver so its gone forever. That leaves 275.1 million more ounces above ground than before, right? In just one year we have 275.1 million MORE ounces than we ever have had in human history in human hands. What I am viewing is an ever increasing, burgeoning stockpile of silver in human hands, more than ever in history. I sure as heck don&#039;t see some catastrophic &quot;death of silver&quot;. What am I missing?</p><p><br /></p><p>Yeah, a lot is in coins, in jewelry, etc. But look at just ASE production figures. Just through 2011, only for bullion coins, there are over 282 MILLION OUNCES struck. This is only ONE coin series. Look how many there are out there! There are literally BILLIONS and BILLIONS of ounces in private hands waiting to be melted at the right price.</p><p><br /></p><p>Look, I love silver, I always have. I have bought silver longer than some of you have been alive. I simply believe falling for the hysteria that &quot;silver is running out any day now&quot; is falling for scare tactics. Scared is not the state of mind you should be in when making investment decisions.</p><p><br /></p><p>Is PM better for investing than coins? Absolutely. Should most investors hold a portion of their money in PM? Yes, I agree with that. Is PM the only asset worth holding, or is silver running out, or is silver being manipulated horrendously by big bad JPM on behalf of the &quot;man&quot;, or is it &quot;different this time&quot;? Absolutely, unequivacably not in my view. Its a commodity that has its place in an investment portfolio, and has a place in my coin collection as well. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Just my opinion.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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