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<p>[QUOTE="desertgem, post: 2866319, member: 15199"]I can not blame bullion sellers for claiming the large amount of silver that is being held ( both for registered owners, including many bullion companies themselves) by GS and other banking entities, but the larger mass is still required by law to back the paper contracts and options bought and sold. The margins of paper trades is extremely lucrative, and 99% of the time doesn't involve the actual exchange of the metal, that is done in cash, so the amount grows when silver is low or less available a particular year, and GS and others will know way before the bullion market. Bullion dealers have to use the contract market, along with jewelers, auto makers, although organic substitutes and the increasing world use of electric vehicles will predict a decrease eventually of the need for silver. It has very little intrinsic value as a metal, mainly what humans remember of "olden days". Stackers and the bullion suppliers are GS big support to maintain a floor on the price ( we are way above that now). If GS and the other banks didn't maintain such a large pile so they can issue contracts and options to "paper gamblers" , and sold it , the price would crash completely IMO. I do not like " naked shorts " and it is illegal for all US and most countries. Remember GS can issue huge number of short contracts because of their storage.</p><p><br /></p><p>I know some will not believe this angle, and that is OK, everyone's personal decision. But most would not believe GS telling you, so why should one believe bullion dealers and newsletters as it is to their advantage to keep people buying ? Because it is what they want you to believe, just as smokers believed tobacco wouldn't really hurt a person. Read a wider range of information. IMO. No ill intent meant to anyone. Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2866319, member: 15199"]I can not blame bullion sellers for claiming the large amount of silver that is being held ( both for registered owners, including many bullion companies themselves) by GS and other banking entities, but the larger mass is still required by law to back the paper contracts and options bought and sold. The margins of paper trades is extremely lucrative, and 99% of the time doesn't involve the actual exchange of the metal, that is done in cash, so the amount grows when silver is low or less available a particular year, and GS and others will know way before the bullion market. Bullion dealers have to use the contract market, along with jewelers, auto makers, although organic substitutes and the increasing world use of electric vehicles will predict a decrease eventually of the need for silver. It has very little intrinsic value as a metal, mainly what humans remember of "olden days". Stackers and the bullion suppliers are GS big support to maintain a floor on the price ( we are way above that now). If GS and the other banks didn't maintain such a large pile so they can issue contracts and options to "paper gamblers" , and sold it , the price would crash completely IMO. I do not like " naked shorts " and it is illegal for all US and most countries. Remember GS can issue huge number of short contracts because of their storage. I know some will not believe this angle, and that is OK, everyone's personal decision. But most would not believe GS telling you, so why should one believe bullion dealers and newsletters as it is to their advantage to keep people buying ? Because it is what they want you to believe, just as smokers believed tobacco wouldn't really hurt a person. Read a wider range of information. IMO. No ill intent meant to anyone. Jim[/QUOTE]
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