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<p>[QUOTE=&quot;fatima, post: 1383469, member: 22143&quot;]This might help with the confusion.&nbsp; The spot price of silver or gold is the price that it costs you today to take delivery of a standard contract of silver or gold.&nbsp; These are generally 1000 or 5000 oz for silver and 100 ounces for gold.&nbsp; There are numerous places where you can purchase either for spot.&nbsp; </p><p><br /></p><p>A futures contract, what we are discussing here and what is traded on the Comex, is a contract to buy the same contract at a future date.&nbsp; The purpose for the futures market originally came from farming commodities where farmers could line up buyers for food crops, meats and dairy before these commodities were actually available.&nbsp; It helped to smooth out the financial aspects of producing something that is seasonal.&nbsp;&nbsp; </p><p><br /></p><p>What has happened however is the banking system has perverted the futures market to create paper gold and silver.&nbsp; By leasing either, they can create unlimited contracts for both that far exceed supply and hence drive down the price and/or fleece people who get into it.[/QUOTE]</p><p><br /></p>

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