Silver is being wrecked by COMEX Silver Futures Contracts. In these contracts you can purchase an option on 5,000 ounces of .999 pure silver. You purchase the option, but do not HAVE to exercise it. If you short, you buy the silver for the price of the option, and sell it today. At the end …
Jim, in his blog “Gold, cryptocurrency, and hyperinflation,” states that, Silver, these days, is an industrial metal. In the long depression, it was spontaneously demonetized, because people used banks and banknotes for small transactions, and it has been steadily demonetizing further and further. This is true. Silver has been abandoned as money. Since 1966 our …