Chill fellas, starting to heat up again. Look, just let nature runs its course. If mike is right, then illuminati will take over with (insert technobabble here) A.I. that will monitor us 24/7 (why cant it just enslave us matrix style, dunno). Either way, if Mike is right, we are all stuffed stack or no stack, you can sell your stack to me at spot -100%. I will gladly take that paper weight off your hands. If the non tinfoil hat crowd is right, then all this stacking helps to prepare for the coming volatility.
to be fair - i would not be surprised to learn that central banks one way or another are also buying silver
Not unusual, given the performance of silver. However silver has not really broken the image as a commodity. Once it breaks that image, I am sure silver can appreciate significantly.
I have it on good authority that the Cylons are surpressing the Silver prices so they can buy massive amounts of Silver to construct Centurions to wipe out man kind. You can do your part today by buying up as much Silver as possible to thwart this insidious plan. Trust me, I've seen Battlestar Galactica.
Mike07, welcome to the forum. Please let me apologize for our resident illuminati reptilian fishball.
China Central Bank Advisor Urges Increase In Official Gold And Silver Reserves http://www.zerohedge.com/article/china-central-bank-advisor-urges-increase-official-gold-reserves silver reserves have been held by central banks http://fraser.stlouisfed.org/publications/frb/page/43097/download/84102/43097_1920-1924.pdf
That's pre 2000. Heck it's pre 1950. Silver was demonetized by Central banks around the world and they sold off their reserves. Wasn't this one of the main arguments by Silver bulls for Silver shortage?
i did say "have" why would they not do it again with everything silver has going for it in such limited supply
Well for starters there are lots of other 'rarer' things out there than Silver but you don't see Central banks hoarding them such as diamonds. I believe that Silver will in the long run perform fantastically but I just don't see how one can deduce Central banks have been buying Silver under the radar for all these years without a single peep. Just because they did it in the past doesn't mean they're doing it now. There's a huge difference between "Central Banks may be buying Silver" and "Central Banks are buying up Silver, not Gold, the media is lying to us".
i understand fishy .... what with JPM et al all over silver, the issue of central banks buying it up is neither here or there ... JPM is on it ps diamonds are just glorified pieces of carbon
