Futures contracts (and the soon to launch Exchange-Traded-Fund ETF) allow a person to "control" silver without actually owning it. Only a small percentage of futures contracts result in physical delivery. Most are closed out for cash profit or loss. Futures and options on futures allow a person or entity to leverage their position, controlling a lot more ounces than they can with cash.
Was it changed before I found this thread? Not that I would have needed it.
I'm not in a class by myself, but it doesn't take long to call the roll.
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose." John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Comments
RJ
TC71
Was offered 7x face today for the scrap silver......I'm still kicking the idea around to dump soon....
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>How much silver do you own or control? >>
How do you control silver?
<< <i>How do you control silver? >>
You have to beat it into submission first, then it will do whatever you say
In commodities futures markets, you can put down a deposit to buy or sell a commodity for future delivery.
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since 8/1/6
<< <i>
<< <i>How much silver do you own or control? >>
How do you control silver? >>
Futures contracts (and the soon to launch Exchange-Traded-Fund ETF) allow a person to "control" silver without actually owning it. Only a small percentage of futures contracts result in physical delivery. Most are closed out for cash profit or loss. Futures and options on futures allow a person or entity to leverage their position, controlling a lot more ounces than they can with cash.
Not that much really.....
<< <i>Whoever voted 100000+ is lying I think. >>
Ill second this statement.
<< <i>
<< <i>Whoever voted 100000+ is lying I think. >>
Ill second this statement. >>
Since silver is going to $15 and beyond, having some from there is not a bad idea. Wish I had done more before it got over $8.
But as the advisor to the Hunts, Bill Gates, and Warren Buffet I control 300 Million ounces (lol).
roadrunner
Jerry
But I did'nt vote 100000 ounces either.
Hopefully this dealer I bought a few ASE's off of two weeks ago still has them at $11.50 each
Positive BST: WhiteThunder (x2), Ajaan, onefasttalon, mirabela, Wizard1, cucamongacoin, mccardguy1
Negative BST: NONE!
I haven't updated my prices in a while, though. I'm sure for many coins, today's bullion value now exceeds what little numismatic value there was.
If I threw in all my G-4 barber halves and crappy type coins, I might have just over 200 ounces. I chose 100-199.
Liberty: Parent of Science & Industry
Was it changed before I found this thread? Not that I would have needed it.
I'm not in a class by myself, but it doesn't take long to call the roll.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff