We are the reason
Why hasn't the price of silver broken out to reflect its amazing fundamentals?
When we ask this we usually refer to the Comex price. It is our referring to their pricing that keeps the price down. It lets them control our point of reference.
But what else can we do? We know how scarce silver is and how difficult its mining has become. But I just can't got to the coin shop and cash in my stash for $600/oz.
Given time, fundamentals have always won over market manipulation, but would that rule still apply under a global collectivist system? Possibly not in my lifetime.
This leaves me with two actions to take:
First, keep stacking for as long as the seller also believes in the Comex price.
Second, do everything I can to support an open world. Buy from open markets, use open source, teach open knowledge and use open currency like crypto-currencies.
It's all I can do, and actually that's a lot.
Silver is being manipulated downward by Deutchebank and Commerzbank who already settled out of court and jp morgan chase is buying physical while they paper the price down. Bix Weir and Clif High both believe that the manipulation will end, resulting in a silver price to bring generations of wealth to stackers.
It is only a matter of time until their manipulation collapses. When it does, there will be rewards!