
Ok, I know alot of you guys prefer SILVER over GOLD, and mainly because of the price as well as it's profit potential which I cannot deny. One of the reasons I choose not to store my money in silver is because as an industrial consumeable metal, it will be heavily required in the future. Not only for healthcare, medicinal purposes, computers, cell phone, and other electronics etc., but also for eco-projects like solar power generation. Those solar panels use alot of silver. As such, the global banksters who control the majority of silver trades on the planet have massive shorts, and they've indicated there is no way they're allowing the price to raise. We've seen no activity from the CFTC about Andrew McGuire's revelations. in fact, the only real action we've seen on that front, was an assassination attempt on Mcguire shortly thereafter. And then there's the London whale. OY!
For these reasons, I'm staying away from silver as a store of value, far too much volatility, and too much control in the hands of just a few, ...but as a possible investment, there may be a few game changers in the mix.
Anyone care to throw in their thoughts about the new Shanghai Futures Exchange's new Silver future trades, set to begin tomorrow? ... and the potential impact it might have both on liquidity, reducing volatility, or at long last... true price discovery?