I realise that any advice here can be taken with a grain of salt and not considered official financial advice.
If I’ve got a couple grand in savings not doing anything, should I buy GME in this dip before the short squeeze? What’s the worst case scenario in terms of losing the money?
if you want to make a statement, time to lift and shift fire - go to silver
if you are in for investment, index fund is safest, Bitcoin more exciting.
Bitcoin may be “exciting”, but so are all worthless Ponzi schemes, for a while.
Buying real silver bullion or silver stocks?
Most people have been recommending real silver, but I know nothing about any of this. Just passing on what I've been seeing in almost every thread talking about this.
China has a shitload of silver. My concern is that it has caught on with WSB through shills cause China saw a way to prop up their economy which is quickly going into the shitter.
as always, depends on objective
physical silver will provide long term preservation of wealth and purchasing power against devalued fiat currency. May provide capital gains, especially if price suppression is removed. Will also remove inventory from the system and put make it more difficult for the shorts to cover.
paper silver (eg SLV) will be less volatile than physical. It also builds the requirement for holders to add to their vault and so again can put pressure on the shorts (not as effective as buying physical for that purpose). likely a long term core holding if you go that direction
Miners are very volatile and can appreciate much more than physical IF you hit the right one, but very risky. Purpose here would be short term gains.
Index fund? What shitty advice.
pay attention - that's for long term low risk people. Not everybody is short term and can accept risk
I pay attention. I am low risk and long term. Have fun money for risk. Index funds are complete shit. If anything atleast find an index type fund that drops the losers... i stand by what I said. Shitty advice.