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View Full Version : paper traders are screwed.....does spot matter?



duneyman jr
31st December 2010, 19:00
Why are some people into paper silver? Makes no sense if you really believe in it why not pay the premium actual price for silver. I can sell fake paper numbers and swap them around up n down but when it comes down to it , its freaking retarded. I can see the difference with oil or smething you can't store and have no fear of actually cashing in on. Its not like your really goin get silver if it goes to 50oz for ur paper. It will default or something crazy and your goin lose. Would be different if they actually backed there stocks up with silver.

jimha
31st December 2010, 19:58
Why are some people into paper silver? Makes no sense if you really believe in it why not pay the premium actual price for silver. I can sell fake paper numbers and swap them around up n down but when it comes down to it , its freaking retarded. I can see the difference with oil or smething you can't store and have no fear of actually cashing in on. Its not like your really goin get silver if it goes to 50oz for ur paper. It will default or something crazy and your goin lose. Would be different if they actually backed there stocks up with silver.

This is why some of us have some paper.

http://www.theglobeandmail.com/globe-investor/markets/stocks/chart/?q=SLW-T

http://www.theglobeandmail.com/globe-investor/markets/stocks/chart/?q=FR-T

What is Truth?
31st December 2010, 20:03
The Kitco pool account says that their precious metals are backed by physical bullion in vaults. So in theory you can buy paper and still be into physical silver. But I haven't and wouldn't.