Will governments buy silver?
Over the last several months we have been pondering if governments will come into the silver market. Before we get into that, it is important to note that governments are very different animals and there are over two hundred of them out there. Therefore, it is a very liberal generalization to lump them all together as if their needs, objectives and agendas were the same, thus expecting them all to act in the same fashion for the same reasons, is a big stretch. That said, it’s the stigma, the psychological effect, the sentiment and the message it would send to markets that prompts us to group them together in investors’ minds as a market force.
This same topic has been argued in the gold space for several years and now it has come to pass that central banks worldwide have thrown in the towel and became net buyers of gold. Should it be different for silver? By the way, did you notice, how silver silently became mainstream again and more and more headlines now read “Gold and Silver…” whereas only a couple of years ago silver was nowhere in sight of anyone except the dreaded silver bugs.
Much has been made about “manipulation” in gold and, particularly of late, in the silver market. Scores of articles have been written on the subject, and things got as far Washington , DC where CFTC held hearings on the subject. We don’t subscribe to the theory, or, more precisely, we don’t share the conspiracy context of it. After all, few seem to care about governments’ involvement in industry, stock market, banking system, housing, etc. All of that is being done openly and has been for a decades, albeit at a grander scale lately, so why is it a big deal in the silver market?
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I skimmed the article, not sure of anything new.
I would like to find out why people dont talk of manipulation as “matter of fact”.
In this case, “Will Governments buy Silver”, Ted Butler has exposed the manipulation as a presidential decree in the U.S. (forget which pres.) We know that it is JP Morgan that does this on their behalf.
So, Does the government buy silver? You bet they do, and sell tons too. Latley its sell paper buy physical. Another government that buys silver is China, just about everything mined in china last I read. I guess this kind of article is for “newbies” thats ok .Lotsa newbies hopefully, I just think these things should be a “matter of fact” conversation.
The ‘Silver Stealers’ is anextensive, historical essay on silver.
It can be downloaded off the web for free.
If you are going to invest your life savings in silver you should understand it’s role in monetary history and why the PTB eliminated it and control it.
It will tell you what may happen in the endgame-again .
“Gold will protect you in this transition. Silver will give you a cheap thrill followed by a spiritual experience devoid of a teacher.” Jim Sinclair
“Silver’s final price, after its meteoric rise, depends on what the economic conditions are at the time of the End Game. Silver is industrial as well as precious. Silver is more hated than gold by the Banksters, making it the most hated of the PMs.
I must admit that silver aficionados are even more uptight than goldophiles in a gold price reaction.”
Jim Sinclair
Al, Would like hear additional PRODUCERS of silver on your show for interviews.
Fair enough Michael.
Big Al
No Market trends, Is Roger in Hiding after his last comment about a wave 3 up in silver?
Hi Martin,
No, he is starting his own subscription only sight. Should be up and running shortly.
Big Al
Silver is THE Investment of this decade. Sure, Eric Sprott has been opining this for many moons. My buddy, “slapped” me in the face with this budding reality six years ago. Sean, does a great job here of adding the meat to the bones of Sprotts statement. C’MON belly up to the “INVESTMENT BAR” AND ORDER SILVER. Then when you have had your fill……ORDER some more!