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Sprott's recommendation to silver miners

derrybderryb Posts: 37,277 ✭✭✭✭✭
in Precious Metals
to hold 25% of their cash reserves in the form of money (silver) that they mine makes a lot of sense and would also put pressure on the price manipulators.

Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

Comments

  • DoubleEagle59DoubleEagle59 Posts: 8,362 ✭✭✭✭✭
    Yes, I heard that a few weeks ago here in Canada.

    Sounds like a very prudent decision for the silver miners.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • derrybderryb Posts: 37,277 ✭✭✭✭✭
    and they are listening to him

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • pitbosspitboss Posts: 8,643 ✭✭✭
    Very good article. Thank you for posting it.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Interesting.. thanks.. Cheers, RickO
  • cladkingcladking Posts: 28,702 ✭✭✭✭✭
    Everyone's who's long should be holding physical.

    If the price breaks out warehouse receipts will not be honored. Etf's will probably not be honored.

    Look at what they did at MF Global. And they did this without even a price break out. And no one has been charged.
    Tempus fugit.
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