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<p>[QUOTE=&quot;medoraman, post: 7481432, member: 26302&quot;]So what? You were able to find someone who wanted wood removed, and you provided labor and got to keep the wood. What does that have to do with the price of tea in China? I have gotten silver coins in change, isn&#039;t that &quot;free&quot; like you are talking, but with no labor involved? Heck, I have traded wiring a room addition for a car before, was that car &quot;free&quot;? Is your paycheck, in which you trade your labor for pay &quot;free money&quot;?</p><p><br /></p><p>I was referring to the comment on the video how an ounce of silver was worth less than a wood board. I was saying &quot;so what&quot;, since there has ALWAYS been boards more expensive than an ounce of silver, just like certain steaks have always been worth more than an ounce of silver. Its an irrelevant, red herring argument, just like yours. </p><p><br /></p><p>Like I said, if you believe the basis is wrong, then call their bluff and buy a contract at spot on the CME. If all of you &quot;pm is manipulated to keep us poor&quot; folks really believe that, then you should have no problem &quot;profiting&quot; by buying all you want at spot. JP Morgan will sell you MILLION of ounces at this &quot;artificially depressed price&quot;. Btw, the banks wanting to keep PM out of our hands &quot;to keep us poor&quot; has really backfired, huh? Anyone who DID buy the &quot;undervalued&quot; pm over the last few decades have gotten destroyed versus those of us idiots who invested in equities, real estate, etc.</p><p><br /></p><p>What, you do not have the cash to buy a contract? You do not want to buy 5,000 ounces of bulk silver locate in NYC at a time? Well, guess what, this is what you call &quot;basis risk&quot;, you desiring at your LCS small quantities of silver struck into a coin shape JUST FOR YOU. Well, all of those things take MONEY to achieve, that is the &quot;basis risk&quot; I refer to. Small quantities purchased at a time, small units of measure, mint striking, LCS markup, all of these are expenses in addition to what &quot;spot&quot; is.[/QUOTE]</p><p><br /></p>

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