Silver was hammered today ... falling some ten percent into the $36/troy-ounce range.
The spot price of silver is determined on centralized exchanges where the price is manipulated by future contracts and margin requirements ... and only loosely related to real world demand.
The hope that people can escape the ravages of currency manipulation by buying gold and silver falls to the wayside when one realizes that the price of the precious metals is held captive to the same corrupt centralized financial structure as the rest of the economy.
Precious metals simply have on degree of separation from the rest of the insanity.
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