"Nothing ever happens" has been entirely obliterated
(media.greatawakening.win)
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Yup. That's the point. They will eventually have to buy shares at market price in order to meet their contracted obligations, and then buy them again from the same folks they sold them to, to deliver on their next contract.
I don't think they pay upfront either.
I've heard some hedge funds have already gone out of business!
Silver is chump change. GOLD is where you can really hit the Super Rich. If Gold were to fall to $400 an ounce, there would be where many Super Rich Broke.
The thing is though, silver is undervalued relative to gold. Which in my mind adds the weight of natural market forces to boost the price movement further and therefore put more pressure on the banks who are holding short positions.
Of course I could be wrong, this is just how I see it.
'Geologists estimate that there are approximately 19 ounces of silver for every ounce of gold in the earth’s crust, with a ratio of approximately 11.2 ounces of silver to each ounce of gold that has ever been mined. Interestingly, the silver-gold ratio in ancient Egypt was 1:1.' schiffgold.com
Schiff has been bullish on gold for a long time. He's also been relatively consistent over the years. I remember back when he was aligned with Ron Paul for a while. Hard to believe that was nearly 15 years ago! Those were simpler times...
I was listening to the Schiff report podcast at work every day back in 2011 Lol. Learned a lot from that man.
Yeah when all the kids they trafficked were just easily able to be harvested without all these pesky peasants trying to stop them.
One to one works for my 80 ounces as long as gold is priced properly.
yes and there are very few dedicated silver mines
silver is mined as a biproduct of gold and zinc mining - that makes the supply even tighter and more problematic
it also reduces the value of the other metals in relation to silver - as in theory - gold zinc etc. become bi-products of silver mining when the price of silver is higher
it's almost impossible to run a pure silver mine.
there simply aren't any.
Right and Freeport Gold Mine in Indonesia covers all their costs with the byproduct of silver. All the gold they pull out is pure profit. It's insane how much money that mine makes.
it costs more than that to mine it, so it's not going to $400oz, more like $4000oz
the place the banks get hurt is with all their paper shorts
they have the gold in vaults, but 50 times the paper shorts to suppress the price.
price needs to go up NOT down.
Reddit hates silver. They really are retards.
Reddit is opposed to the silver squeeze for now because they want everyone coordinated and buying GME with their limited funds instead. It’s the MSM that is claiming there’s a big silver squeeze now, and they’re doing that to protect their hedge fund friends. They know the silver squeeze would be a much more difficult, longer term effort, and the elite are making money off of silver to cover their GME shorts.
You read wrong. Physical silver is up 40%. The fake paper silver prices might be up only 8%, but check any website trading physical silver and you'll see their prices are soaring.
When I first started stacking 12 years ago, I was pissed if I paid a 3% premium over spot. Today, 30% seems to be the industry average.
Spot price of SLV is not a true indication of the price of physical silver. This is the manipulation/ shorting coming to the light. People are probably cashing in paper or not buying it. The same cannot be said about physical, that is why the price is soaring.
Banks throw more paper in the market to stop the price from climbing above $30. Try getting physical silver for $30. You have to realize there are 2 different markets. The paper market and the physical market. The paper market is at least 100 times bigger than the actual physical market, but that stupid paper game does affect the real market. If people start buying physical in stead of SLV we will see the true price for silver.
open a futures account for delivery - you need a pro broker
it's a 5000 oz contract so you need 5000 x the silver price
taking delivery will blow the market apart as they do not have stock in the warehouse.
have to take delivery.
need a pro broker.