They were speculating that the price of silver was about to plummet due to a massive influx of silver from new mines in China, and that he did not want to be stuck with it. He keeps this in several vaults along with other valuables. The vaults are each bigger than my living room. The silver is stored on pallets, so we are talking about several TONS of silver bars. My question is: how can I best position myself to capitalize on the soon to plummet price of silver? Isn't there a way to "bet" that the price will drop over the next several months? I seem to recall reading about this happening in the commodities market regularly, is there a similar setup for metals? What is it called, and how do i set that up? thanks
2007-09-21
16:52:19
·
7 answers
·
asked by
Anonymous
in
Investing