iShares Silver Trust (SLV)

[AlwaysRed]

What I don't understand is why they didn't smash the price down with paper while they accumulated so they didn't need to pay so much for the silver.

Remember there was a frantic demand by retail as well during this run up. I was part of it. The public was coming out of the woodwork and buying silver like crazy.

I know that JP Morgan knows what the silver is really worth and they are using that to fulfil any contracts if the miners can't keep up.

But remember, just like the toilet paper hoarding, the miners are still mining. And they are mining just as much as they were before. They will continue to fulfill their obligations and the stores(Bullion dealers) will fill back up. But they will charge crazy prices for retail.

Now during the Toilet paper debacle, if people sold TP of sanitizer on line for more than what retail was they would get their business shut down or get massive fines for gouging! Right!?! Watch and see if that happens to the metal salesmen that will charge 5 dollars over spot as a premium and fleece the public. While all the time saying it's the end of the world! Buy now! BUY BUY BUY!!!!

They will get in no trouble ripping people off.

GRRRR