Looks like Silver is a Red Herring, It's afraid!
(www.youtube.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (29)
sorted by:
It is a red herring, and they are trying to play or dupe the GME buyers/holders.
The reasons are many, but the simplest one is that there is an extremely limited amount of GME stock being traded on the market vs Silver. That is what is driving the GME bubble, along with the extraordinary short positions on it. Silver has neither of these circumstances.
No that is not to say it's not a great idea to own some physical gold and silver, it absolutely is! It's just never going to be short squeezed like GME, etc. like they're trying to say.
I figure that if the really big holders dump their silver, a lot of us average people will buy the dip and soak it up so that it will still stabilize at least a little higher than it is now.
But, as you said, the main goal for me is to hold tangible value. I'm not a rich man and I don't think I ever will be, but when the shit goes down, holding precious metals will be a wise move. We aren't going to break the bastards with silver, but maybe we'll hold on to what we have with it.
I do not believe it is a red herring. The PLAN is to get them to dump their silver. They dump silver, we buy it all up, they have no silver to cover their stocks or their shorts. It's one thing to kill them with stocks and bad bets, its another to take away some of their REAL power, which is real, physical metal with real, tangible value. No matter what happens in the world, silver retains its value. If we control it, it adjusts to its REAL value (which is much higher than its current manipulated value).
It is red herring in regard to the timing with GME.
How do you plan on getting them to dump Silver? They are all super long on physical Gold/Silver. Count on that, they're not stupid.