The media was clearly trying to make a WSB is going after Silver thing happen, even after WSB was clearly saying don't do it
Thoughts on their motive? Was it just to divert the money away from Gamestop?
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PAPER SILVER IS THE HEDGE FUND HEDGE TO COVER THEIR GAMESTOP LOSSES.
ONCE PAPER SILVER IS HIGH ENOUGH THEY WILL DUMP EVERYTHING TO CASH IN AND USE THAT TO COVER GAMESTOP.
IF YOU'RE BUYING PAPER SILVER YOU'RE GONNA HAVE A BAD TIME.
This^^^^^^ Always have physical silver never paper!
Everything is "hearsay" actually. Why wouldn't we all expose the Silver scam? The same elites have fucked silver and gold. HUGE difference between "Physical Silver" and "Paper Silver" If everyone started requesting their silver in physical they would not be able to pay up because it simply does not exist. Similar to us all asking our banks for our money but in this case they have told us 1000000x more physical silver exists than what actually does exist.
paper silver is way too big to fail.
If retail decided all at once to but non stop buying pressure on physical silver for 4-5 months then the amount of paper silver sold by the banks is more than they own in assets collectively.
GME is like fucking around and taking a 100billion from the hedgies.
Silver is the endgame. Its a giant rackett. They have printed hundreds of billions of paper ounces that are backed at 1:250.
Silver is like Smaug the dragon, a small vulnerability, but a HUGE undertaking, and he might fall and crush your whole village. Not recommended. Its a big problem, but might be mutual destruction.
I think retail should welcome this challenge. I mean if we never beat Smaug then are we ever truly free to live our lives as free men?
Yeah, but its like agro on two bosses when its going to take you all day to take down the one you've got. WSB isn't all powerful, GME might be a bite to big to chew as it is.
Ya maybe GME does payout. 10-20-100b total dollars redistributed. Then if those people dump into silver its going to be rocky.
Even if retail gets fucked on GME so many people will be angry at the game and they will stop playing. ITS VITAL THESE PEOPLE MOVE ALL ASSETS INTO PHYSICAL GOLD AND SILVER.
Dont let the banks sit on your usd and play more market games.
The paper silver monster is the greatest monster our economy has EVER seen. When it breaks free, which is inevitable, it will bring the whole system down.
We have the power to set the monster free. There really is not a lot of physical silver. Every american can have like 10-15 ounces....
Oh I’m all for stacking silver, doomsday prepper here.
Buy physical silver, if you own paper 9stock0 silver sell and ask to be paid in physical silver
Correct me if I'm wrong, but I think they were trying to get ppl to buy PAPER silver. Many people on here have been saying if you buy physical silver that is the way to go to screw them over. They have more paper silver than there is physical silver. So by buying physical silver it will screw the banks that have been selling more paper silver than exists. I've seen it explained that for every oz of real silver there is, there are more paper shares.
I'm still trying to wrap my head around this, but I'd love some more knowledgeable people to share their insights :)
Possibly 250 paper to ONE physical ounce. Current asking price is $26.50 or so, if it goes to $100, those who sold the paper for $25 will be getting slaughtered.
DROP SLV, buy PSLV, and hold until end of march. Thank me later.
Some nice reading: https://renaissancemen.org/2021/02/02/why-the-silver-longs-and-eric-sprott-can-defeat-the-silver-shorts-an-education-in-4d-chess/
300M ounces on hand in Nymex / Comex warehouse
so we need at least $10B to buy up all that lot.....
anyone got a platinum amex i can borrow ?
https://www.cmegroup.com/clearing/operations-and-deliveries/nymex-delivery-notices.html
That's 250USD over 40m worldwide. It's not as hard as what you might expect, especially given Indians and Chinese and surrounding areas are far more familiar with and warm to silver than here. I think S koreans eat like 100m USD worth of silver on their food every year, could be wrong though.
Put it on the street, please.
Difference between Physical Silver and Paper Silver.
I just want a personal stash of silver I can scrooge mcduck the hell out of..
Working on my backstroke now!
https://youtu.be/viDL2W0HcJw
I play paper silver. Comfort stock. Set my buy at a normal pull back spot. Something prevented the normal drop. Bought a share of GME instead.
When GME spikes. Taking profit. I am rolling it into buying phyisical silver when it hits $12 an ounce. Then the real show begins.
You're more likely to see $120 an ounce before you see $12 an ounce.
When citidel covers their GME investments, they need to get that money from somewhere. Please enlighten me how stable is paper silver?
Some went long on paper silver but most went short. Anyone can see this by comparing the price of gold to silver, silver is WAY low. The white pill has been given and the chips will fall where they may. But with an enlightened public, now knowing what the true price of silver should be and how it's being manipulated low, they will buy up every physical ounce that hits the market. Then we get into a supply and demand cycle. As long as people buy and hold, we win.
I'm upset I never added more to my cart. I wanted to buy more next morning and everywhere was sold out.