Replies to post #29754 on ~*~Mining and Metals Du Jour~*~

[Pro-Life]

The one that made me wonder for years:

The major producers (e.g. Barrick) hedging their own production by arranging to sell metal years into the future at the current price but in a rising market.

WHAT?!?!?!

Some of these operations were or still are complicit in this whole metals game.

KEEP STACKING...

How does Bullion differ from other asset classes?

Silver and gold bullion are some of the only assets you can wholly own that are not simultaneously someone else’s liability.

Unlike most “assets” in our hyper-financialized world, physical silver and gold are money par excellence which need no counterparties to fulfill their end of any contract, decree, or faith based promise of value.

Bullion cannot go bankrupt and so long as there are human beings around, bullion will have value. Bullion is also one of the only remaining assets in the world that are virtually untraceable and can remain fully private if you so wish.