I think paper silver is also under reported. I don't think they have enough physical to cover all the paper they issue. If either or both of these come out I think $150 is not unreasonable.
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I think paper silver is also under reported. I don't think they have enough physical to cover all the paper they issue. If either or both of these come out I think $150 is not unreasonable.
Paper contracts work totally different. They only have to have 5% of the total contract in physical silver to have a contract started.
Silver contracts are on a Fractional Reserve system!
Doesn't that sound familiar?
Wait what? I thought they needed 100% backing. I feel stupid that I have never actually googled this I just assumed.
That’s correct. They only have to put up 5-10% of the total contract
Sounds like a paper contract research post is coming on my part...
Enjoy