Good morning all. Just wondering what everyone is thinking/feeling about this silver going to the moon! I just got 15 ozs this morning.
Also, Michigan reopens for indoor food and beverage service, stoked to go back to work. Wondering how long itll be before Whitless shuts everything back down.
Have a blessed week every, we are living a chapter of future history booka per day!
It will be 50x harder to bid silver up to the moon than it was for GameStop. Squeezing silver to $100+/oz. will be very hard for even a few million Wall Street Bets users to to. The only way it can happen is the big boys panic buying it (Tesla, Samsung, Foxconn, ...) as well as hedge funds wanting to ride the wave.
However, I don't think you have much to lose at the current price of $35/oz. It can't possibly go lower than $20. If you want to buy in, order physical bullion, not the ETFs (which are owned by Citadel and JPMorgan). Only bet what you're happy to lose 50% of.
Good morning all. Just wondering what everyone is thinking/feeling about this silver going to the moon! I just got 15 ozs this morning.
Also, Michigan reopens for indoor food and beverage service, stoked to go back to work. Wondering how long itll be before Whitless shuts everything back down.
Have a blessed week every, we are living a chapter of future history booka per day!
It will be 50x harder to bid silver up to the moon than it was for GameStop. Squeezing silver to $100+/oz. will be very hard for even a few million Wall Street Bets users to to. The only way it can happen is the big boys panic buying it (Tesla, Samsung, Foxconn, ...) as well as hedge funds wanting to ride the wave.
However, I don't think you have much to lose at the current price of $35/oz. It can't possibly go lower than $20. If you want to buy in, order physical bullion, not the ETFs (which are owned by Citadel and JPMorgan). Only bet what you're happy to lose 50% of.
Yeah, the whole silver hype became suspicious to me when I saw that CNBC, Bloomberg and Fox Business were pushing it.
Here is a good thread about the silver situation from yesterday morning. Lots of opinions and information in the comments. Good luck with your purchase. Diamond hands! https://wsbets.win/p/11SKLJwHXp/silver-breaks-apmex-stops-sellin/