Does the Wall Street "spot price" even matter any more?

It just gets weirder and weirder by the day. Silver value as reported on comex/wall street -etc keeps dropping down toward $20 an ounce--dipping toward $22 today.

Yet strangely, physical silver sales are hard to come by and in order to grab some physical silver the costs are closer to $30 an ounce--which is about a 25 to 30% fee per ounce!

I understand that the big bullion dealers are trying to cut losses by making up for the drop in comex value with ridiculous mark ups--but this is insane.

I'm not 100% sure of how it all works- but I know enough to see that silver (and gold) has been intentionally manipulated to supress its value. JP Moirgan should be under criminal investigation for their antics. Announcements were made for a week ahead of time among the big paper silver holders that a giant sale of shorts was coming up. It was 100% orchestrated and easily provable--yet nobody will even consider anykind of charges against the "too big to fail" crowds...they are now above the law.

I won't enter into any postulating or hypothesizing as to why it was done--simple greed is often enough for those folks ( after all, Wall Street continues to set all-time records while on the streets we are seeing all time record homelessness, poverty, food stamp dependence and government dependency just to eat and live by tens and tens of millions of Americans.)

Anyone want to explain why it is even legal to buy 5,000 ounces of paper silver for a fraction of the cost? Why can banks sell silver to investors that doesn't even physically exist?...

So which one is the true value? On ebay people are still gobbling up silver at around $30 an ounce plus shipping---dealers are back ordering for weeks and weeks the shipping of larger quantities until they can get some in hand. The US Mint reported record silver sales in January and had to even temporarily suspend sales---even I have an on-going ad on moneymarketplace offering $27.50 each for a roll of ASE's ($550)-- that's $5 an ounce above the "spot" price --yet not even a nibble.

Things are really, really starting to stink--if it's not Libya lies and scandal, wiretapping and phoneline invasions of the media-Associated Press, the IRS targeting groups to abolish free speech and grassroots patriotism, then it's phony Dow numbers created by the Fed injecting $85 billion per month from the printing presses to Wall Street coffers--(money that the US taxpayers are indebted for)---

Sorry, I didn't mean to make this political and I never push for either the red team or the blue team--divided we fall--but all of this madness seems to be getting more inter-twined. We get our daily dose of "Everything is getting better" while 99% of us aren't keeping up with the rising cost of living.

As the dollar devalues it was thought that physical holdings might add some mental and financial security--if not to make profit, then at least to tread water against true inflation of 14% the past 3 years-- yet even these safe havens are being manipulated...

Okay, vented my frustration, confusion and yes-even uncertainty enough...I know, I know..."Here's a quarter, call someone who cares....." right?

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