CD, Oops, new faces starting to show up on the thread, so sell me your silver :0)
I dare say at times SLV will trade at a tiny fraction of a premium, and I suspect that, given the size of the market and the growing importance of SLV as a market participant, the premium may disappear at times by the spot market catching up, as opposed to SLV dropping to spot.
My take on SLV worldmarket.blogspot.com is that:
"I did Message 22399593 buy the Silver ETF finance.yahoo.com IPO at USD 130.9/share last night (gained 5% over night), have a price target of USD 1,330/share in record time, before the 18 months old Coconut attends junior high school. I understand the company has no management, does zip research, carries out zilch development, engages in nada outsourcing, does not bother with marketing and distribution, and dispenses with option accounting. In fact, the company has hardly any cost, and certainly no environmental risks :0)
All SLV does is to buy physical silver, thus pushing up the price of commodity ... that is silver, so making itself more valuable and desired, attracting people with surplus savings and excess capital, and able to buy still more physical silver. The entire schema is a not so convoluted virtuous and closed loop of a wealth machination. 10,000 hedge funds ought to make the work of two earlier brothers seem like getting a massage while sleeping.
We must love SLV."
:0)
The nice thing about gold and silver is that they have no particular correct price, and thus are perfect wagering chips.
Chugs, J |
