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<p>[QUOTE=&quot;medoraman, post: 1248047, member: 26302&quot;]I think our point Winged is that a truly down market would be exacerbated by the limitations of the physical market. Many people wanted to sell silver at $35 in 1980, yet their final price may have been $22. This is a limitation of this market that is not present in stocks or bonds. Believe it or not, but some of us have lived it, and know that the silver market at the CME might read $35, but the man on the street cannot sell it to anyone for more than $22. Everyone likes to say how the CME is too low when people want to buy silver, well the CME will be too high if there is a significant downturn and everyone wants to sell. I am not saying this will happen any time soon, just EVENTUALLY somehting will happen and many newbies to PM will want to sell. It always happens eventually, at some point in the future. Maybe the price will drop down to $150 and people will panic, heck I don&#039;t know when or why.</p><p><br /></p><p>Not trying to be a bear, just explaining this to others who may not have experienced it. Physical PM simply is not as liquid as other markets, and there is no guarantee you will get anywhere near CME pricing whenever you wish to sell. It will depend on the markets disposition.[/QUOTE]</p><p><br /></p>

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