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"SLV is basically a Ponzi scheme"-Dan Dicker on CNBC

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posted on May, 5 2011 @ 12:41 AM

An Oil trader saying that the ETF-SLV is "essentially a ponzi scheme".

Afterwards an SLV shill from Blackrock refutes him with very slippery answers' I don't know where the entire interview is for the first guy

We know this here, but is this a sign of people starting to wake up to this fact?

I have been looking into silver closely for years and we are reaching a breaking point. (See signature)

Just keep an eye on the spot price of silver and the dealer price, if they continue to diverge we will know for sure.

posted on May, 5 2011 @ 01:10 AM
Great thread this one needs more attention from some people who specialize in ETFs and commodity trading.

posted on May, 5 2011 @ 01:16 AM
a ponzi scheme
yeah, I'd say so
flag and star

I never worded it that way but now u mention it
( like the pension scheme too haha, ulp!)
jp morgan and the comex and I hear other biggs don't have all the silver they have sold
they have leveraged paper
They can't pay up unless the ones who bought in the past expecting delivery
are doing so in amounts less then those bying in the present

edit on 5-5-2011 by Danbones because: (no reason given)

posted on May, 5 2011 @ 08:38 AM
reply to post by Danbones

The most telling thing is, remember that APMEX email offering to buy silver and gold?

That was April 30 I believe, and it shows they are very close to not being able to deliver.

Im sure many sheep sold on this 20% drop, butit won't matter in the end, there are supposed to be big hands taking deliver when silver hits $37.50

It's $37.62 now, so we don't have too long to wait

Kitco 24 hour

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