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SILVER WHEATON CORP. T.SLW

"Silver Wheaton is a pure, unhedged paper proxy on silver prices with a unique business model. The company purchases silver for sale through long-term purchase contracts from counterparties. Currently, the company has long-term silver purchase contracts with more than a dozen mines. Silver Wheaton purchased and sold roughly 28 million silver-equivalent ounces in 2012 through its purchase sales contracts."


TSX:SLW - Post by User

Bullboard Posts
Comment by bob4977on Apr 01, 2013 10:35am
480 Views
Post# 21191798

RE: RE: The Best Silver Stocks

RE: RE: The Best Silver Stocks

When you listen to the mainstream media you get the impression that gold and silver are in a bubble that is popping and the faster you get out the less you lose. But when you read about the US mint sales that tells quite a different tale. That tells me that Americans at the edges are losing trust in their Fed and want hard assets like gold and silver. The paper market being down is probably due to a little manipulation and some big players playing the downward move. Sooner or later the paper and physical markets have to jive. We may have to wait till physical shortages appear but something will give sooner or later. I would bet on shortages in silver first.

Bob

Bullboard Posts