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<p>[QUOTE="InfleXion, post: 1272976, member: 29012"]The US government used to hold silver until they ran out their stockpile, which is in part due to artificially suppressed prices. Maybe silver isn't functioning as a monetary metal in today's banking system, but it was used as money for thousands of years and I have little doubt it is returning to that role. If it were strictly an industrial metal it doesn't make sense that people are buying this dip to the point of supply being unavailable. If you don't believe what my local coin dealers told me (I'm not 100% sure I do either), try looking at the online retailers. Their supplies are not nearly what they used to be. APMEX alone was selling over 2000 Canadian Cougars a day over the weekend. You can freely look at their supply levels by exceeding how many they have in stock in the order box. </p><p><br /></p><p> </p><p><br /></p><p> Well for the record I am 98% silver and 2% gold <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> So I took a risk from the get go, and I'm comfortable with that because as I've said I don't plan on selling. Nothing is shorted quite like silver is. Nothing has margin requirements as high as silver does. I'm not trying to squeeze a profit. I'm looking at the end result, and silver stands the most to gain IMO because of these factors. I do believe you are correct though about being taken by surprise. I have been before, and I'm sure it will happen again.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1272976, member: 29012"]The US government used to hold silver until they ran out their stockpile, which is in part due to artificially suppressed prices. Maybe silver isn't functioning as a monetary metal in today's banking system, but it was used as money for thousands of years and I have little doubt it is returning to that role. If it were strictly an industrial metal it doesn't make sense that people are buying this dip to the point of supply being unavailable. If you don't believe what my local coin dealers told me (I'm not 100% sure I do either), try looking at the online retailers. Their supplies are not nearly what they used to be. APMEX alone was selling over 2000 Canadian Cougars a day over the weekend. You can freely look at their supply levels by exceeding how many they have in stock in the order box. Well for the record I am 98% silver and 2% gold ;) So I took a risk from the get go, and I'm comfortable with that because as I've said I don't plan on selling. Nothing is shorted quite like silver is. Nothing has margin requirements as high as silver does. I'm not trying to squeeze a profit. I'm looking at the end result, and silver stands the most to gain IMO because of these factors. I do believe you are correct though about being taken by surprise. I have been before, and I'm sure it will happen again.[/QUOTE]
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