Well, actually, WSB is not promoting silver....WSS is..
Here is the reason...the Fed is making the silver ETFs hold more physical silver. This is no different that when the Feds asked banks to hold more money on hand...
Some feel this will artificially create a demand for physical silver. I really dont think buying a few ounces here and there is going to make much of a difference...
A fund like SLV is not going to care about some one ounce coins...they will have to acquire some more physical silver They have net assets of $16.43 Billion and need about $72 million more in physical silver to meet the requirements
These "investors" will be a bit dismayed when they look at the Spot + to buy, and then the Spot - to sell...a round trip will cost between $14 to $20 for their $25 ounce of silver...
They also have some master plan that since some of the hedge funds are short on silver, a price increase will help break them on a short squeeze...
all foolishness...especially all of the pictures of their "hoard"..
The days of collecting physical silver, with its lack of liquidity and commission fees, have gone the way of stamp and coin collecting...just a decreasing trend...
First week in Dec, I bought BTC at a little over $19,100.00...nows its at $56,236.00 and I can sell it in milliseconds for $7...actually, did just that..
UP $10.00 total in the last 3 years
Yes but between the assay fee and the Spot - price....it is a fun looking piece!