Have a silver certificate. Call your silver dealer on it. No thanks necessary.
This article proves a point I have made for years.
If you don't have physical possession of your precious metals, or own any gold/ silver certificates then that is not ownership. Period.
This disturbing article proves my point.
For every physical ounce of silver there are 500-1000 paper claims on that one ounce of silver.
Called the Mandrake Mechanism. Or, fractional reserve banking.
Article here.
Yes, an important post, yet crickets.
Those silver ETF's ARE worthless already. Simply paper with words on them.
Possessing any gold or silver ETF's does not mean one owns gold or silver.
Possession is 9/10 of the law.
When a silver dealer is selling more certificates than they have in physical possession, that is called the Mandrake Mechanism, or fractional reserve banking.
What the dealer is banking on is that certificate buyers won't call on them for possession at once, at the same time.
This has been going on for centuries.
Currency is another word for script.
I have been studying currency vs. money for about 30 years.
I learned to take my FRN's and transfer them into tangible assets, real estate.
Wealthy people and the banks do this very thing.
Modern Money Mechanics
Creature From Jekyll Island
Capitalist Conspiracy.