I heard that if everybody who thinks they have stock in silver actually tried to buy real silver, then silver would be worth 5 times as much as gold. Any way someone could verify this? Is buying silver basically just playing a waiting game?
The Comex market is a "paper" market and the futures contracts often outnumber actual silver by a significant multiple. This allows some of the big players to move the markets and influence it short term. Eventually, though, they can't withstand market forces and there could be a violent move up in silver prices. I like to think of bitcoin like silver - both have potential for even more dramatic upside moves. We shall see.
Trader Steve