This is happening
It would be similar to a bank run scenario.
The COMEX is the silver bank, and they have printed too many paper claims on a limited amount of silver. If there is no actual silver left to be delivered to the holders of the futures contracts, that means that the COMEX would default and settle their contracts in cash.
No one wants to get settled in cash if the COMEX had to default. This would mean that right as you want to be able to stay long silver, as the price is surging higher, that you will get forced out and paid cash instead of silver and wouldn’t benefit from future increases in the price.
The traders who want to stay long silver and who see the run occurring would try to take delivery because if you actually have physical silver in your vault then it doesn’t matter if the COMEX goes down, you still have your actual silver you can sell on the spot market. Most importantly to them, they get to keep participating in the upside.
What is the simplest way to accumulate silver?
It is the one that removes any doubt whether it is there or not when you make a purchase.
It is the PHYSICAL SILVER.
Physical Silver
This is physical silver.
It represents 10 ounces that's taken out of the market.
No matter what. It had been produced, it has been smelted down. It's a physical bar .
It is representative of what is a reality because you have it in your hand.
You hold it, you own it!
This 10 oz Silver Bar is a .999 fine bullion ingot minted by Johnson Matthey. It is an assayed silver bar and engraved with its own unique serial number. The weight and fineness of this bar is certified by Johnson Matthey.
The production of these bars are discontinued since Johnson Matthey was purchased by another refiner, Asahi. They are now traded as a secondary market item.
Secondary market silver bullion bars have been previously owned and/or circulated. It is not surprising that secondary market silver bars have nicks, scratches, toning, or other surface marks. This bar is toned due to the natural oxidation process but has no negative effect on the value of the silver.
I personally think that the surface marks and blue and pink toning that developed in the middle of the face of this bar make it so unique and make it... a Stacker's Delight!
😍#ilikeitalot!😍
Source: Anonymous Patriots
Best Regards,
I am not a financial adviser. This article is not meant to be financial advice. My articles on cryptos and precious metals share my personal opinion, experiences, and general information on cryptos and precious metals.Thank you for stopping by to view this article.
I post an article daily, and I hope to see you again soon!
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