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re: This could be something....Look beyond equities, Silver to be the next short squeeze
Posted on 2/2/21 at 2:01 pm to misterc
Posted on 2/2/21 at 2:01 pm to misterc
quote:
Nothing. I’ve done it. You have to have a broker that allows it. 95 percent of brokers will not allow it. It’s also not free. There are costs involved so that eats some margin. You get 5 approximate 1000oz bars per contract. Once they leave the warehouse, to sell back to comex they have to be re certified .
Most people don’t want a 70 lb block of silver. If shite hits the fan and enough people wanted to group buy I’d be happy to orchestrate if there’s interest.
I get that there wouldn't be much interest in (1) 70 lb bar of silver, but there is solid interest in (1000) 1 oz silver rounds. What would it take for these guys to turn a 1000 oz bar into smaller quantities? If that happened, the bullion guys would start eating into the COMEX supply with physical delivery, in theory bringing the spot price closer to market, no?
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