Not Enough Physical Silver To Cover Paper Promises | Todd "Bubba" Horwitz
Liberty and Finance, Released on 4/15/22
"The most important thing people can do is own physical metals," says Todd "Bubba" Horwitz, one of the original market makers in the SPX Trading Pit at the Chicago Board of Options Exchange. Horwitz says there is more silver traded on the paper market than actually exists in physical form. "I don't think there's enough physical to cover the amount of paper that's been put out there."
He also says silver, such as 90% junk pre-1965 U.S. silver coinage, may be necessary to purchase goods in the case of a currency crisis. "I think junk silver is perfect," he says, "I'm a big believer in junk silver."
0:00 Intro1:10 Stagflation2:37 Cause of inflation4:16 Food shortages5:47 Inflation protection7:16 Stock market8:59 Gold update10:40 Physical vs paper14:50 Run on physical silver?15:49 Platinum update17:54 Bubba Trading18:41 Miles Franklin
Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.
Not Enough Physical Silver To Cover Paper Promises | Todd "Bubba" Horwitz added by Herman James on 04/17/2022View all posts by Herman James ?+'