Replies to post #34736 on iShares Silver Trust (SLV)

[AlwaysRed]

Correct. Just like the Cecil Rhoades diamond scam:

https://www.aei.org/carpe-diem/on-the-economics-of-diamonds-the-biggest-marketing-scam-in-history-orchestrated-by-the-most-successful-cartel-ever/

"Prior to a stunningly successful marketing campaign 1938, Americans occasionally exchanged engagement rings, but wasn’t a pervasive occurrence. Not only is the demand for diamonds a marketing invention, but diamonds aren’t actually that rare. Only by carefully restricting the supply has De Beers kept the price of a diamond high."


https://medium.com/@AspieSavant/when-diamonds-were-a-jew-s-best-friend-bae3d1577ffc

"Rhodes used his monopoly to negotiate a strategic agreement with the London-based Diamond Syndicate, which agreed to regularly purchase a fixed quantity of diamonds at an agreed price. This allowed him to maintain the price of diamonds by curtailing supply in times of low demand, which was already put in practice during the trade slump of 1891–1892. The scarcity of polished diamonds during the 20th century was largely the consequence of this technique."


It's diamonds all over again. But even bigger! The metals are EVERYWHERE in the ground. ALL OVER THE PLACE! Why aren't they frantically mining these "Ever scarce metals?"


The metal salesmen know exactly what they are doing. And that is making money while fleecing the ignorant that watch silver scarcity Youtube videos. (I was one of them)


Why are they saying the same things today they were saying 20-30 years ago? And still people are believing it. Common sense and critical thinking might come in handy here......