[pure-silver] Re: Silver recovery from film
- From: "Jean-David Beyer" <dmarc-noreply@xxxxxxxxxxxxx> (Redacted sender "jeandavid8" for DMARC)
- To: pure-silver@xxxxxxxxxxxxx
- Date: Fri, 26 Apr 2019 21:36:19 -0400
On 4/26/19 9:06 PM, `Richard Knoppow wrote:
???? Of course this is pretty generally true of the commodities market. A
good place for amateur investors to lose their shirts.
It would depend on why the amateur investors were participating in the
silver or gold "market." Because the market does not really exist, and
has not since about 1971. The prices are severely manipulated by the
major bullion banks with the encouragement of the plunge protection
team. So if you are speculating on precious metals to make quick
profits, you will lose. If instead of speculating, where you do not have
a chance, or investing (difficult because there is no real market), you
buy precious metals as insurance against financial system collapse,
intent to hold for decades, you may be glad you did. This is not advice,
but my observations.
???? Once upon a time the largest purchaser of silver other than the
U.S.Government was Kodak. This was back in the days when the Hunt
brothers tried to corner the silver market and failed, losing much of
their fortune and I think doing some jail time.
I do not believe the Hunt brothers did any jail time because if I
remember correctly, they did nothing illegal. The problem was the
government regulators and those on the other side of their trades ganged
up on them and changed the exchange rules so that they could not
complete their trades. They got Jim Sinclair to help them work out the
problems. But they did lose most of their fortune.
--
.~. Jean-David Beyer
/V\ PGP-Key:166D840A 0C610C8B
/( )\ Shrewsbury, New Jersey
^^-^^ 21:10:01 up 4 days, 11:11, 2 users, load average: 5.70, 5.45, 4.95
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