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Factor LLC2 North Cascade Avenue Suite 720 Colorado Springs, CO
80903
Telephone: (719) 648-4160 Email: [email protected]
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April Fools
April 1, 2013
Four things silver bulls have wrong
Silver bulls: Silver is a commodity, it is a store of value,
same as Gold
Correct answer:Silver is a commodity. Silver is a commodity.
Silver is a commodity. Consider the following:
Prior to 2009 less than 3% of the annual Silver supply went to
investment.
Since 2002 only 7.9% of the entire Silver supply has been off
taken for investment. Even in the peak investment demand year of
2011 (the year the suckers were really reeled in),
only 11.4% of total Silver supply went toward investment.
The entire demand of Silver for coinage and investment is met
no, it is exceeded by scraprecovery.
Prior to 2003 the investor actually was a net dis-investor of
Silver. This will occur againsomeday.
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Factor LLC2 North Cascade Avenue Suite 720 Colorado Springs, CO
80903
Telephone: (719) 648-4160 Email: [email protected]
2
Silver bulls: Silver should be at approximately 1/15th
the price of Gold
Correct answer:The relationship between the price of Gold and
Silver is not based on the
beliefs of some Spanish king 500 years ago. Sorry, but Ferdinand
is no longerthe dictator of the precious metals market.
Supply and demand determines the ratio the ratio during the past
several decades is shown below.
Silver bulls: The CME/COMEX Silver exchange is a fraud. The
exchange only trades paperSilver. If you want to be invested in
real Silver, the only way is through bullion purchases orselected
EFS (such as SIVR).
This is one of the favorite arguments of the Silver bulls, to
which I say REALLY? I mean REALLY?
I will admit that the Comex pulled a fast one on the Hunt
brothers in the early 1980s. The actions of theexchange are well
documented. But this paper Silver argument is b bunch of bull. In
fact, you have it180 degrees wrong.
Silver delivery takes place every monthly. On this point, Silver
bulls need to get their facts straight, andthey need to put their
money where they mouth is. Silver bulls, here is what you:
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Factor LLC2 North Cascade Avenue Suite 720 Colorado Springs, CO
80903
Telephone: (719) 648-4160 Email: [email protected]
3
1. Buy a contract of May Silver2. Do not liquidate your
position3. Take delivery you will need to pay the full contract
value4. Arrange to have a Brinks truck pick up your Silver
Silver bulls: The world will soon run out of Silver
Correct answer: Sorry, yourpeak Silver story is as tarnished as
your long position from $48 per oz. It iskind of like peak oil.
I have repeatedly challenged Silver bulls with the
following:
Provide me with sound research from the Silver industry or a
credible academic source to supportyourrunning out of Silver
argument. I am not interested in your opinion or some scam data
fromthe blog of another Silver bull. I want solid research.
I have appealed to Silver bulls with this request for three
years and I have three years of silence.
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