They have been driving silver down with no silver backing. We can destroy them, we can create a free and fair market. Let’s make them cry! Bankrupt them, all of them. Let’s no longer be the silent Majority!
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No!!! Don’t try the silver! Research what happened to the Hunt Brothers!
What makes silver completely different is that there is a LOT of actual silver laying around that isn’t in the financial markets. It is an industrial metal. There aren’t a bunch of GameStop stocks hidden in a warehouse that can suddenly appear to ruin your short squeeze. But if the price of silver starts going up like GME has, then people will start bringing in their old coin collection and grandma’s mismatched silverware. Then you will start to hit a point where the industrial users of silver realize their inventory of silver is worth more than their end product... and that silver will flood back into the financial market. It would be like trying to drive up the price of corn for a short squeeze, only to discover that farmers around the country have suddenly harvested a giant bumper crop of corn to dump on the market.
Don’t underestimate the amount of silver that can suddenly flow back into the market if the price rises significantly!
Full disclosure. I have about 2% of my investments in silver and would love to see it go to the moon. But I was also around when trying that broke the Hunt Brothers.
Hmmmmm, you only make posts about not buying silver. I'm just gonna buy some silver to spite you.
Sure, Glowie...
Everyone should forget the current squeeze on GME and get distracted by some new shiny, exciting thing just in time for the squeeze to fail?
And the new shiny thing also happens to be the one investment that there are huge “hidden” reserves of in industry (as much or more than are in the financial markets) that they can bring to market at just the right time to screw you over and break the whole wsb trend before it gets established?
Finish what you start. Then if you want to buy real silver next month, go ahead... it’s not going anywhere.
I guess you were right, now they say silver is dumb!
Buying physical silver in general isn’t dumb. Get your girlfriend a stocking full of it for Christmas with some of your profits from your current squeeze.
But “a bird in the hand is worth two in the bush” is a real piece of wisdom for a reason. Don’t be the guy who never finishes what he starts.