Message:

<p>[QUOTE=&quot;C Jay, post: 1212814, member: 13184&quot;]We also have to mention stupidity and the inability of some of our best and brightest to admit that they might possibly be wrong.&nbsp; If I understand it correctly, there are about 10 times more contracts floating around than silver to fill the alleged demand.&nbsp; Many contracts are held by parties unable and unwilling to accept delivery and see this strictly as a financial instrument.&nbsp; Let’s say I have $20.000.00 in my E-Scam account and buy 10 contracts on margin worth $100.000.00.&nbsp; Silver goes up, life is good.&nbsp; Silver goes down; I get a margin call, and create a short position based on the silver I control in hopes of recouping my losses.&nbsp; Either way, I’m an idiot.&nbsp; I have obligated myself to an $80,000.00 commitment I can’t possibly pay, for a product I don’t have the closet space for.&nbsp; I have also debased a commodity, which I care less about, for the hopes and dreams of a cash settlement and a quick buck.&nbsp; I think this problem is systemic within the entire financial community, which has distanced us from creating actual goods and services.&nbsp; Er…sorry for the rant.&nbsp; I just like to hear it go clink.&nbsp; Contracts do have a place amongst the suppliers and producers but should be taken off the casino floor.&nbsp; MHO[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in