Silver wasn’t pimped on Reddit’s WSB. Rumor there was that it was a misdirection by the hedge funds/big media to lessen pressure on GameStop.
I don’t understand it. I’m staying out of it.
Big money was trying to move people off of Gamestop today but I don’t think they succeeded too much. Silver price only went up 8%. I did check last night and several places were flat out of silver for delivery.
The last time someone tried to corner the silver market it didn’t end that well.
PM’s outside of industrial uses, really don’t have any value.
The whole idea of a “free” market is a joke when it comes to PM’s. It is like a casino where only the “house” gets rich.
Gamble if you wish. I’ll invest in lead, brass, copper, and steel. I can get a much more tangible return.
Too risky. Everyone should invest in something safe. Like tulip bulbs.
I visit a preparedness site daily and there is considerable discussion about acquiring as much silver as you can in case the SHTF. If green backs become worthless silver would then be used as a trading medium. Coins and bullets are among the first things hoarded, not to mention toilet paper.
Dummies didn’t know that most hedge fund and institutional investors were already long silver. There is no huge short interest to be squeezed. So much for the idea that this was some kind 0f genius move.
In related News, Gamestop has announced that they will be giving away a Morgan Silver Dollar with every Video Game purchased from them.
Supplies are limited.
Yeah, commodities like silver is a completely different game than the stock market. It’s like MLB vs T-Ball. Stocks can be rigged much easier.
I actually agree with the GameStop short thesis. It’s not a long-term viable business imo as gaming platforms move to online, you don’t buy a disc or cartridge at the store. Maybe if they can change their business model they can survive long term. But the squeeze was incredible. For AMC, maybe they can keep the doors open if they can pay their lease obligations during the restrictions and lockdowns, down the road people will still go to the movies (though there is some question about it long term, with talk among the big studios about having to make movies into major productions that can run for a year to compete with streaming, which is why they are making so many action hero films). Blackberry, I loved my BBs back in the day, they still have a path somewhere if they can figure it out. And with stocks there is a limited amount of availability of shares.
But silver is an international commodity, with more under the ground and under the oceans and in the stars that has impact on currency markets, industrial use, inflation and oil prices and so much more. Every nation on earth has an interest in the price of silver.
I can see it blipping up on a short term run on demand. And I can see where individuals might run the retail/wholesale inventory shelves out of stock of silver coins and bars. I can even seeing trending up over the next few years as an inflation hedge. But I don’t see how a bunch of people trading on their iPhones can move the market for silver options. They are up against an entirely different opponent.
A scheme by the werewolves to keep silver off the market.
Well according to the interviewee, this surge is from their regular customers.
I am much more inclined to consider that it is Biden’s Pen causing this level of nervousness in the market.
How many “investors” buying and selling silver or gold actually buy and sell gold and silver? They are buying and selling paper that has no physical backing. A gambling fantasy. The price of paper silver and real silver desperately need to be decoupled. Which cannot be allowed to happen or it would collapse fiat currency.
If there were no paper bullion I believe we would be seeing a very different situation.
The entire stock market is completely phony. None of this is based on the real world. Quantitative easing, FED intervention in the stock market at pre selected loss points. Government bailouts and so on. This is the Matrix.