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Re: SilverEagle post# 2338

Tuesday, 07/20/2010 12:42:21 PM

Tuesday, July 20, 2010 12:42:21 PM

Post# of 22255
The buyers of physical bullion are not going to be the main driving force behind the explosion. The folks that are holding paper,conracts and certs are the ones who will drive the explosion. The time has long past to buy or hold paper, it is time to cash in for physical bullion. When these folks make a run on the JP Morgans, ETF and hedge funds, there will be no where near enough physical stock to cover the paper. Many, if not most of these funds are leveraged at 100 to 1 , so anyone holding paper better get in line as quickly as possible, cause I am sure most do not even have 5% of the cash to cover the paper , let alone bullion. At one time it was so much easier to deal in PMs with certs than physical, but that all came to an end in the mid 80s shortly after the hunt run and big money was allowed to leverage in PMs. There are many who still like the ease of trading paper, but they will get caught with thier pants down in the near future, simply because all of the major holdings worldwide has already been sold off and now most countries will become buyers of physical metal, just like the U.S military. JMO

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