Paper Silver is Toxic and Physical Silver the Investment of the Decade
The comments below are an edited and abridged synopsis of an article by Egon von Greyerz
Von Greyerz writes about two items: a toxic derivatives market in silver, and ubiquitous fake silver coins and bars.
Topics explored: Central bankers—master forgers; Biden and Yellen to make history; the wrong dose of poison; David disrupts Goliath’s power; toxic gold and silver; fake bars and coins; a Chinese factory producing fake gold; buying gold directly from reputable refiners; fake gold and silver will become a major poison; goodbye to the Dow; WallStreetBets to attack the silver market; and silver—the investment of the decade.
“The silver market is one of the most toxic of all. Heavily manipulated and with bullion banks now being 100 million ounces of silver short on Comex and with no liquidity in London, as Alasdair Macleod has pointed out.”
“Still, even if not in the next week or two, silver will win this game in the medium and long term as the dosage of paper silver shorts is much too big to survive a short squeeze.”
“I would not be surprised to see the 1980 and 2011 $50 high to be taken out in 2021.”