Question. Silver is caged in a manipulated market right now, so what's stopping the free world from creating a new real market for the price of silver and simply ignoring the current one? Answer. Nothing. I say we start Silver at $456/oz. Think about it. It's no different than being in a job you don't like. You simply leave and start your own company. So why should we be dictated to what the price of silver should be by a few greedy bankers?
While _we_ could start our own market, the rest of the world would ignore it (e.g. manufacturing companies, financial services corporations etc..). And if a "fair" price were to be set, would it be based on employment figures and inflation or something else?
I'll offer $460oz. I'll trade you for some of Jpanngy's nothing at a rate of nothing:1 . Demand is very high for nothing at the moment, so please allow 2 weeks for delivery. Can sort out platinum express postage for $15
Mr. Howard, why should I trade one tyrant three thousand miles away for three thousand tyrants one mile away?
Auagau - Dont mean to be rude but I think you also need a lesson or two on silver manipulation. (Aka naked short selling) The manipulated silver price you see today is for ETF, SLV,etc..i.e Paper backed silver. It is NOT the true price for physical silver.
Rofl. Look, I'll sell you 100% real physical touchable silver at $100/oz. PHWOOAAAAAAAAARRRRR BARGAINNNNNNNN!!!!!!!!!!111!!11!! Come on? I'll even throw in free plat postage.
Turn it around - measure the value of the dollar, not the value of silver. In all seriousness, the first time I saw this applied was in the book "Gold: The Once and Future Money" (blatant plug -> http://forums.silverstackers.com/topic-5061-gold-the-once-and-future-money.html) It quotes the value of the US dollar in ounces of gold - e.g. the USD used to be worth 1/35oz, now it's worth 1/1756oz. Q. "What's the dollar at?" A. "0.000569 ounces"
Righteo... I wasn't born yesterday and I entered the PM markets a fair while ago, so i am well aware of what goes on. Manipulation or not, naked short selling is not exclusive to silver, and it is not necessarily a negative thing. You cant just create a nominal price without a market (or else you have... manipulation), so while fishball will sell you his silver @$100/oz, i would happily sell mine @$90/oz. I just don't buy 100% of the public hype that has surrounded silver in the past 12 months. Where were all these conspiracy theories when silver was under $15/oz?
Pssst Mike0770, don't listen to these other mugs, i can sell you my silver for less than half of your stated amount. See me first - PM me. NM
I am not sure if those were the answers you were wanting but those should definitely be the ones you were expecting. The people manipulating silver have more money, more clout and way more experience at this than we have. Plus I figure they might not like it, and they can get the rules changed to suit them. The only way would be to operate in a black market situation, which we can, once they ban private ownership of silver. then we can set our own price. Until then the only way to register your dislike of the system is to not participate, vote with your wallet and boycott silver.
For you guys to think it's funny to keep repeating the same joke over and over again you must have the most LAME sense of humour. Mike, 'choosing' a silver price is manipulating (or at least attempting to manipulate) the price of silver. Except manipulating the price only works by manipulating supply and demand. You need more than a few mum and dad investors to make it work. Forget it, not possible.
