While Bitcoin seems to make frequent new all time highs hitting $61k in the last 24 hours, paper gold and silver prices continue to get smashed. Especially paper silver prices which have been smashed a lot lately down to below $26/oz now. Perhaps these paper price smashes are demoralizing people as the amount of physical silver inflows into the Sprott Physical Silver Trust (PSLV) slowed considerably this past week with only hitting 1 million oz on one day this past week which is lower than other weeks the past 6 or so weeks. One of these reasons may be that Bank of America, Morgan Stanley win dismissal of metals spoofing litigation: https://wsau.com/2021/03/04/bank-of-a...
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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.