Monday, December 19, 2011
Considering that there is an on-going degradation of COMEX delivery, and increasing musical chairs as to how the main bullion banks are shuffling to meet delivery, this is a reasonable cost of insuring yourself, and having a seat in the speculative pit when the next Silver crazy train pulls out. I think the perceived risk of all the "Induced Volatility" is in-fact, not real risk, its probably as irrelevant as the variations in consuming rye bread part of the time and whole wheat bread at other times. We have a current monetary system of Fiat/Legal Tender Paper money, and a fledgling circulating Monetary Metals system alongside each other, and in fact one is a very good transactional medium while the other is an excellent medium at retaining value. If you look at some countries such as Vietnam and India, you see the same thing in operation. I like to buy things, but I don't like my money to lose its purchasing value over time, so I use both systems. Might we all ?