Posted on 01/31/2021 6:31:16 AM PST by TigerClaws
.
It’s amazing to read all the idiotic comments from people who think they won’t be hurt if the entire market crashes because they are in stocks.
You will be the ones most hurt, fools.
You hold on to that thought Don Quixote........
aye
Jeez, melodrama much?!??
A lesson is being learned... you put too much short pressure on a singe stock, you set yourself up to get burned....
There isn’t a hedge fund in existence that would not happily bankrupt another one to make themselves billions if they had the resources and will to do it.
No sympathy for any foolish hedge fund that failed to close out their short and left it unlimited.
In 1964, the last year the U.S. minted 90% silver quarters, you could buy a gallon of gasoline with a quarter.
Current spot price of 1oz silver is $27.15. ($27.15 x .9 = $24.435) $24.435/4 = ~$6.11. Or enough to buy ~ 2.5 gallons of gasoline.
That aside, there's supposedly a "short squeeze" on silver as there are more certificates than bullion. Folks on Zerohedge, Reddit, and other social media platforms have been discussing this.
The basic premise is to buy physical bullion, and or silver shares ($SLV). Hedge funds shorting silver will have to buy to cover the short, thus driving up the price (and the value of "retail investors'" holdings).
The lack of physical bullion, and volume of people requesting physical delivery, adds to the scarcity, and increases the difficulty the hedge funds will have covering the shorts - further accelerating the price and the "value" of retail's holdings.
posted this a couple of minutes ago but I know that not getting a notice of replies on Freeper leaves many of my questions unanswered...so again
IF they crash the market, will that be the opportunity to go back to the gold standard and get rid of the fed? Just wondering.
The “Market” would not “crash” if the shorts were done by hedge funds owning the stock or having options from owners.
If “naked shorts” are what the economy is built upon, then it really needs to all crash down.
The “market” as originally envisioned was a place for capital formation. Companies either formed or grew by the issuance of shares to investors. Original issue or secondary offerings.
Then along came some bright lights who decided to get around the “income” angle by making the sales of stock a capital item to get around the confiscatory ordinary income tax rates. IMO, if one sells stocks that had been purchased from a company as part of an IPO or a secondary offering, that is a capital item. However, when stocks get traded daily from one to another, those transactions have nothing to do with capital formation, rather, they are just an exotic form of gambling.
Selling stock short is therefore nothing to do with capital formation, it is a bet against someone who feels their stock is fairly valued.
Brokerage house will fight the outlawing of this procedure as they make money lending stock to someone to sell. As we see in the GME example, some have been lax on ensuring they have the actual shares in their possession to sell short, a requirement but apparently not enforced till some debacle like this happens.
Heap on top of all this the amount of worthless money sloshing about the system, deficit spending beyond the max, the the market is teetering on its head as it spins out out of controls. When it crashes, which it has to do by hyper inflation or over supply of worthless stocks, the Capital system will get the blame when the actual nemesis is greed coupled with a desire to get something for nothing.
And you hold on to that Goldman, Nevergore.
You will be the ones most hurt, fools.
That includes those who have hugely bet on their IRAs. Those mutual funds hold STOCKS mostly.
Is it possible this is not Reddits, but China attacking again? Is it possible this is part of the currency war to crash the dollar or all government currencies and usher in the new global digital currency?The government wants to disarm us after 244 yrs 'cuz they plan to do things we would shoot them for!Not to put too fine a point on it, yes, yes it is possible, if not highly probable.
At no point in history has any government ever wanted its people to be defenseless for any good reason ~ nully's son
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
No one is buying into that scam, mr Perot.
If there’s THAT much gambling and manipulation in the market, it NEEDS to crash.
Clear out all that dead wood.
There is a position in between continuing the current status quo and total destruction......😎
BTW, I always have a firm hold of my "Goldman" while Freeping.....LOL
NO!
It is the WEF opportunity to go to the global digital currency.
Great Reset
Joe Biden is a member of the WEF since 2003, he has not problem letting this happen
https://cryptonews.com/news/a-hint-from-davos-2021-regulating-crypto-is-in-the-public-in-9011.htm
A Hint From Davos: Regulating Crypto Is ‘in the Public Interest’
Hedge funds get beat at their own game about time.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.