RE: BOE -ve interest rates floated4 Feb 2021 13:20
Bonker, long time no speak ! I always believed in the silver story since 2010, but, in the last 10 years it has not turned out to be the investment that I hoped it was going to be. I fear that silver is the victim of its own success as an element in terms of industrial usefulness and shortage. After all it is one of the most useful elements in the industry as it is the best conductor of heat and the best conductor of electricity and has plenty of applications in the several sectors and there is not much of it and to compound things a small percentage gets destroyed every year. So usefulness and rarity made me believe and invest in the silver story. Almost everyone is aware that Silver is being shorted by a few financial institutions among which JPM, but I am wondering who is behind those 4 major financial institution, how is it possible that in all those years they have managed to pull it off by shorting the silver on one side and buy physical at depressed price on the other side? The most likely explanation for me is that the FAC the SEC have been asked to close their eyes and States themselves are complicit in this scam and perhaps they use these 4 financial institution to keep the price of silver down. As a result, the US can afford to put 500 ounce of silver in each tomahawk missile at a low cost, the cost of solar panels remains affordable for every country in the world, Tesla and Tesla equivalent factories can be build the electric car of the future at lower costs, Apples can be afford to build phones that even if already expensive would not be prohibitively expensive and the list can go on... So my fear is that 4 crooks are just the tip of the iceberg, states and large corporation supports the status quo and private investors like us are just left dry hoping that one day the silver story will change.... By the way I really , really hope I am wrong....
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