FUD in Silver? Read this.
(gab.com)
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Anyone here old veterans of the Forums Gold is Money? It was around till sometime 201X and I joined around 2004ish. I learned so much there.
But there was a group of silver hawks that endlessly harped on this. Wall street was artificially controlling physical silver by shorting SLV. Even some of the gold guys would say silver was a bad PM to invest. I bought a lot of silver because of those guys. Also some of them were the few pushing palladium at the time and was around $700. ?
They also predicted the housing bubble crash. It started me to watch all the house listings popping up around my area. For years I would point it out to my wife who eventually lost interest when it failed to materialize in a few years. Well we all know it did eventually happen. What also happened was PMs spiked. Butttt... Silver skyrocketed. Well, Until the bailouts. Then it fluttered back down. Wall street lost control for a second. Maybe? We saw the true value try to peak out. From around $10 to $50 (I remember around $100, but the historical charts disagree) in days time.
So this isn't a new theory. It's just now coming to the masses.