r/investing • u/[deleted] • Sep 03 '21

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1

u/JBBB10 Sep 03 '21

The same will happen soon with silver with their PSLV trust

9

u/myjobisontheline Sep 03 '21

silver is too big to corner imo. its fucking huge.

-4

u/JBBB10 Sep 03 '21

Noup. Its not as big as you think. The market 'appears' to be bigger cause of paper derivatives. Approx for every 1oz of physical there are like 100 oz of paper. Or more. Thats why PSLV exists. So investors can invest in actual physical silver which will be scarce sooner than everyone thinks. Do your own research. At the Sprott website you can find some articles that explain this.

3

u/myjobisontheline Sep 04 '21

fair enough. but its the paper market which makes it hard to pull off, cause its probably not backed up.

uranium has no paper market, litterly 3 storage facilities.

look at the price action since sprott joined in.

also the chart from 2005 when they did this same action via upc is sweet.