Yeah, they changed the rules last time. I am fully cognizant of the reality of metals. That's why I acquired as much physical as I possibly could.
The intended outcome is to force them to convert "industrial" silver into "retail" silver, thus causing a shortfall in metal needed for real world manufacturing.
If they are forced to deliver on contract in cash (not an "option", but rather a "force majeur" option of last resort) they will decouple the paper silver "SLV" from the physical metals themselves.
Paper silver can be whatever they want it to be. But change the zeitgeist, and physical silver will shoot to where it should be, $3000+.
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