iShares Silver Trust (SLV)

[AlwaysRed]

Great question and I have addressed this previously.

YES I do.

Do you remember the Corona crash? Silver/SLV went down to 12 dollars per ounce from 17 dollars per ounce. 12! How can that be? All of these people on these metal boards and all these metal salesmen parroting that the metals are a hedge. Gold went from 1700 down to 1400. Great hedge:

https://www.bullionvault.com/silver-price-chart.do

I thought that the metal salesmen taught that these metals were a hedge against inflation and market uncertainty. I thought that the metals were a safe haven.

Well here is how SLV and GLD work.

SLV and GLD are open ended.

https://www.otcmarkets.com/stock/SLV/security

There are as many SLV and GLD contracts as there are buyers. The more demand for SLV and GLD there is, the more SLV and GLD are created.

As I have been showing people here for years, when they want to SMASH the price of SLV and GLD for deliveries, they create SLV contracts and dump them into the market. This "creates" silver. (The market can not tell the difference between physical and SLV silver) They create SLV contracts and dump them into the market. This "creates" silver and causes the price to go DOWN.

The more of anything there is, the less value it has. (Remember SLV is the pricing mechanism for silver. SLV dictates the price)

So, when there is turbulence in the markets people pull there money from stocks and pile into bonds, SLV and GLD. With all this buying of SLV and GLD the price of the metals goes down because they are "Creating" silver and gold. Magic!

THAT is why the market for gold and silver went down so much during the Covid crash. THAT is why the price of silver and gold has gone down during the recent decline in the markets. A demand for SLV and GLD causes the price to fall, not rise.

Metal salesmen, where you at? Come on Rick Rule, Mike Maloney, Eric Sprott, Ted Butler, Keith Neumeyer, David Morgan, Peter Schiff, and so on. Tell the truth.

The only people getting rich from precious metals are the metal salesmen themselves. The synagogue of Satan has a stranglehold on the markets. And they have since the 70's and 80's.