Better sell your silver while you can. Silver crash coming July 15th. | |
Anonymous Coward User ID: 1121444 United States 06/24/2011 11:34 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1359307 United States 06/24/2011 11:35 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1121444 United States 06/24/2011 11:41 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1441528 United States 06/24/2011 11:43 AM Report Abusive Post Report Copyright Violation | Paper trading won't stop. The regs simply limit who can do it. More specifically, to folks who have $1 mill + net worths (excluding primary residence). I think that JPM qualifies as having a net worth of $1 mill +. As do most of the other paper traders. It will still continue. Now, that's not to say that I don't think that the price of PMs will slide in the coming months. They will. But they won't crash. Silver's "summer doldrum" band will be between $30--$36, and gold's "summer doldrum" band will be between $1450--$1550. Then September will come and the PMs will go up again because they always do given the buying of PMs (especially gold) that goes up in the fall months in Asia. Then, when the US Fiat system does crash in a couple of years, PMs will rise (if civilization survives in manner in which a currency is needed), and PMs will tank (if civilization collapses to a "Mad Max" level of existence). Don't freak out about these new regs. Paper trading will largely be the same. |
Smith_and_Jones
User ID: 1441508 United States 06/24/2011 12:40 PM Report Abusive Post Report Copyright Violation | July 15th new rules go into effect on the trading of silver by the COMEX. No purchases that cannot be deliverable in 28 days will be allowed under the new laws. Quoting: Anonymous Coward 457940And the tops keep on spinning. This law has nothing to do with silver except that the crooks can no longer keep a person's money for months and months without delivering the goods. I forget, during the Weimar Depression in Germany, were people burning wheelbarrows of silver to stay warm or were they burning paper "money"? Paper "Money" is trash and the Germans proved it. |
Anonymous Coward User ID: 2034073 Australia 09/26/2011 04:16 AM Report Abusive Post Report Copyright Violation | |