A cornering of silver by a billionaire is in process? Really? Here’s the definition of Cornering of the Market from Wikipedia, “In finance, to corner the market is to purchase enough of a particular stock, commodity, or other asset to allow the price to be manipulated, by analogy to the general business jargon where a company described as having “cornered the market” has a very high market share. The one attempting to corner a market hopes to gain control of enough of the supply of the commodity to be able to set the price for it.”
Anybody who is just now trying to corner the market is late to the ball game! Just look at Silver American Eagle Sales over the last 5 years.
(in ounces/number of coins)
Now for the REAL STORY.
There has been a silver shortage for years. Manipulated prices by the big banks have just expedited the process through suppressing prices (aka JP mentioned above….wonder why their stock is only trading at 9.94 Price to Earnings even when they pay a dividend of over 2%, but that’s a story for a different day!).
Sure, but this wouldn’t be a true market corner, as THERE ARE NOT ENOUGH PHYSICAL SILVER OUNCES AVAILABLE ANYWHERE NEAR CURRENT PRICES TO CORNER THE SILVER MARKET! Almost all the available silver is held by little investors like us and our readers who will not release their grip on silver until VASTLY HIGHER PRICES!
If all this information sounds new to you…complete your homework and read your background articles on the silver market at SilverDoctors.com.
The COMEX will default in the near future, at which time silver’s price will return to fair market value. What you should be doing now is buying physical silver; the opportunity of a lifetime won’t exist much longer.
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