So Maybe Manipulation isn't such a bad thing after all
Posted: Tue Mar 12, 2013 3:14 pm
I'm reconsidering my position of my opinion of the rat turds that suppress the price of silver and gold. What is the ultimate purpose of obtaining and holding precious metals? I would posit that it is to see an increase in their worth sufficient to weather any storm that might ensue as a result of the hyperinflationary policies of all global central banks. That being the case, then it behooves one to patiently amass as much silver or gold as your budget permits (and I urge you to make it hurt!) while time allows... DURING this phase of suppressed precious metals pricing. It will not surprise me in the least when it eventually becomes evident to, first, many... and then subsequently to the masses, that the increasing scarcity of above ground investment grade silver products thus leads to actual depletion of such items and the inability to source them at ANY price. It is my feeling that the bullion banks are undermining their own strategy by suppressing the price... as such actions and their intended results (and ill-considered unintentional effects) will CAUSE silver to escalate in value much more rapidly due to the constant, continuous, steady buying of the cadre of smart money now, leading to the extinction of supply... than would a "return to un-manipulated price discovery" and letting silver revert to a truer valuation. The LONGER we stay in this controlled channel... the FASTER we will rise out of it due to exhaustion of the ability to source silver. Isn't it better if a million people buy one ounce each, every week... than if a few people buy one million ounces each as they become alerted by a precipitous price rise? Patience is a virtue... the virtuous are patient
Thank you JPMorgan and fellow banking turds.
Thank you JPMorgan and fellow banking turds.