If what Ted said yesterday BEFORE todays move in silver,
the seven big shorts are carrying a 4 billion dollar loss. they either booked it in the last 24 hours or the loss's just jumped and still counting
(JP Morgan net nuetral cause they own the physical along with their short)
How global central banks will rebalance to avoid bankruptcy... Rare baseball card = Gold
Mr. Jim smith has a million dollars in debt no job, missed his 1100 mortgage payment three times, has no job and 60,000 credit card debt, and a car loan outsanding for 12,000, he gets called into the bank, the bank says you owe us over a million, you lost your job, how are you going to pay?, do you have any assets, he says " I have furniture maybe 15,000 art 2,000, some jewlery 10,000.
Bank says not even close, you need to come up with 1,000,000 minum with no job or we foreclose. He says wait, there is something in my safe, 2 rare baseball cards I payed 100 dollars for 40 years ago, but its very rare. look up how much a Babe Ruth 1914 baseball card is worth
Good question, I think its a complicated answer, i own some with the intention to sell half my position 3,500 gold U.S.
Technically you have to be aware this could get weak because its not a producing asset, or it could be a bear trap it could drop 20 cents and shoot srtaight up if gold corrects and moves to 1700 like Paul Tudor jones suggests.
Their 43, 101 states thay have around 1 million ounces, but dont quote me there is a school of thought there could be double that.
In my opinion you need a raging bull market in gold to elevate stock prices in non producing assets.