Maybe there are some informed opinions out there such that this is the right place to ask …
The local coin, card and comic guy tells me that spot is artificially low particularly for silver.
He says that big institutions determined that no more than 2% of the silver that is held in certificate form would ever have to be delivered. As a result, they’ve sold more than really exists and are keeping the spot price low so as not to get hurt.
Seems like somebody could make a ton of money by buying low and demanding delivery… therefor I don’t believe him.
Anybody got the straight dope?