We are lucky to find silver at, or a little above spot today and we have been discussing the disconnect between paper and physical.
For example. I have a fist full of ASEs and I'm not going to trade them for $600 in FRN, because TO ME THEY ARE WORTH MORE THAN THAT, and I really don't care what the chart says.
What am I going to do with FRN anyway? Buy stock, so a bunch of a-holes can spend it on whores, vacations and politicians? Put it in a savings account at .000000001%. (I should probably pay my house off)
What I really need is, my house guttered, to fill my fridge, to have my septic pumped, a bottle of booze. I think I could get a better deal bartering my silver off for the stuff I need, rather than trading it for the amount of paper the chart says is fair.
I'm not as good as neil, but do you all understand where I'm going? The chart is not forcing average folks to let go of their metal, because they can hold it and feel the value, and they don't have to capitulate to a margin call.
If you require goods or services it would be interesting to see if you can get a better deal over 'the BULLSH*T' spot price, and barter with physical silver, (not that anyone here actually has silver).
I think anyone who sells at a discount, linked to the spot price of silver, are suckers.
This spot price decline is a great opportunity.
I can see this situation as an example of how the USD will be bypassed.
It's a mind set change that requires one to measure their amount of trade leverage in something other than dollars and it's hard to break that paradigm.
Does this post make sense? I'm probably stating the obvious to y'all.
I've been drinking afterall, suprise!