Damn good find OP. I do NOT see how in the fuck they can keep suppressing the phony paper/Comex price anymore now. AND if the price rised to $67, which is significant, what might the buy-back price on Ampex be???
Quoting: Anonymous Coward 34166608 Right...there have been times, when the Wholesalers have offered substantial (premiums) to 'ANYBOND W/Ag' when physical was really squeezed.
But my opinion...for a time coming - when THIS ONE GOES FOR REAL - the premiums offered will shock people. BUT EVEN THEN, UNLESS YOU REALLY NEED THE CASH, I PERSONALLY WOULD NOT SELL...JUST ME.
Another opinion here from me (as all I'm writing but for the news component is my opinion): They may again try and slam down the (electronic/controlled price once we see a big raise past $34)...I expect before yr-end. It shouldn't dissuade people from holding on to their Ag though...hold on: as it does not have a replacement...big corporations MUST HAVE IT.
(Remember, Ag is needed now in vast, vast numbers of applications for commerce; and it's really indispensable.)
Once people understand that there's been a big draw-down of physical, and much reduced mine output per CV, and growing commercial/gov applications - and then investor demand gets a wind...hold on (if you can).
(Understand, that it was (and is, until the NEW MONETARY SYSTEM in on-line) necessary for the prices of Ag and Au to be (somewhat controlled)...otherwise the USD-system would have come apart (I believe) too early, and perhaps too uncontrolled. THIS IS NOT ME SAYING "I AGREE" WITH THESE MANY DECADES OF CONTROL; I DO NOT, AS THERE SHOULD HAVE BEEN OTHER WAYS TO DEAL WITH THINGS.)
Much is coming soon I believe on this.