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overtheedge
Member since May 2012
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Why the price smash affected GLD and SLV stocks differently - Bron Suchecki - Perth Mint

Keep in mind that for many, in this economic environment, it is easier to cut loose some monies to buy a few ounces of silver than a few ounces of gold.

We tend to forget that institutionals are just agglomerations of individual investor's monies. We forget that expenses tend to rise with incomes. When income falls for folks that make $100K+/year, they are forced to cash out investments to stay solvent.

Now think about what percentage of the economy is directly funded by government spending, add in the financial sector and see what is left.
And just where does all the currency of the day wind up?
You have to have spare currency to buy hard money.
It will get worse.

Commented 4200 days ago

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Beginning of the headline :A number of bloggers have observed the difference between GLD's gold stocks and SLV silver stocks in response to the April price smash. Sharelynx is reporting the following changes over the past four weeks: GLD down 3,031,042oz (-8.23%), current stocks 33,811,468oz SLV down 341,111oz (-0.10%), current stocks 335,666,675oz Sharelynx also tracks all the other major ETFs, COMEX, TOCOM, Sprott, BMG, Central Fund, Bullion Vault and GoldMoney reported stocks. The change in the total of all thos... Read More

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