I read an article on one of my e-magazines that I get. China is secretly hoarding silver and have been for over a year now. Silver is not like gold as far as reporting issues so it’s going under the radar to the mainstream. Keep an eye out, silver could go parabolic if this news comes out in the wrong way.
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I think paper silver is also under reported. I don't think they have enough physical to cover all the paper they issue. If either or both of these come out I think $150 is not unreasonable.
Paper contracts work totally different. They only have to have 5% of the total contract in physical silver to have a contract started.
Silver contracts are on a Fractional Reserve system!
Doesn't that sound familiar?
Wait what? I thought they needed 100% backing. I feel stupid that I have never actually googled this I just assumed.
That’s correct. They only have to put up 5-10% of the total contract
Sounds like a paper contract research post is coming on my part...
Enjoy