Tuesday November 13, 2012 15:01
Silver bullion investors often feel as if they have become a basket case. As an investment class, they are increasingly growing weary of the suppressive manipulation that characterizes today’s silver market. To the outside observer, the situation in the silver market could seem even more confusing and grotesque.
What is a basket case, you might ask? The term “basket case” is typically applied to someone or something that is in a completely hopeless or useless condition. It apparently originated during the First World War to describe fighters whose arms and legs had been removed by explosions or surgical amputation. A basket could be used to carry the torso and severed limbs of such unfortunates.
The Silver Market’s Severed Limbs
When you define the term “basket case” and apply it to the silver market, it actually does seem to fit the current situation. Each of the four characteristics below represent the severed limbs of the silver market:
The Beating Heart of Silver Demand
Still, you cannot take away the beating heart of ongoing demand for physical silver from the equation. Private investment and industrial demand for silver just will not go away no matter how long its price remains suppressed.
Using the basket case analogy when comparing silver with how distorted the pricing of equities, bonds and currencies have become, one can still find flesh at the center of the physical silver market and not simply a computer-generated virtual representation of a torso.
At least you can still use a basket to carry your silver away in. So the analogy fits.
For more articles like this, and to stay updated on the most important economic, financial, political and market events related to silver and precious metals, visit http://www.silver-coin-investor.com
By Dr. Jeff Lewis,