i bought physical gold this morning for the first time ever and of course then the price went even lower....sigh...still, the price i got it at was the lowest it's been since november, so i can't be too disappointed (unless it really plummets)
You won’t get rich or go broke generally moving cash to real assets. Always remember the value is what someone is willing to pay for something not what we are lead to believe based on a fake market. For example silver at $27 oz was selling locally if you could find it $32-35oz proving this point. Diversity is key and knowing you have more options in the event of a fiat collapse should be the security blanket here.
Yup, that's how it used to be done and it still works because people don't understand the markets+FOMO. These days activist short selling has been in vogue, but the classic technique was always to establish an artificial demand for a product.
OP, you are either a shill or the real shills are doing a fine job.
I've followed a lot of PM apologists like Peter Schiff and I've read quite a few DDs on SLV. Just do a cursory search on the feasibility of shorting silver and who owns the silver supply (hint: it's not feasible). From what I've seen, it seems like this is an attempted manipulation on a massive scale by the MMs/hedgies.
WTF OVER? Why are they trying to gloss over $GME? The hedgies DOUBLED DOWN, new short positions were taken. The squeeze was not squoze... I say again, the squeeze was not squoze.
r/WSB has been actively suppressing any real news about $GME after the subreddit drama calmed down. Now they allow the news but only after the community was splintered when people noted how the mods were suppressing $GME.
The Congressional hearing featuring u/DeepFuckingValue happens this week. He has also been sued. What ever could this mean?
It means the promotion of the "next squeeze" is all an attempt by MMs/hedgies to drive away the focus on $GME. It's a pressure relief valve. They funnel the grassroots retail investors to chase after the next squeeze stonks and voila, they get away with billions. The problem is, there is no other squeeze on the scale of $GME. You have to understand how unique that situation was.
TLDR: Anything above is not financial advice. SLV short squeeze is a distraction and market manipulation by the MMs. If you're not a boomer, don't buy SLV. Real squeeze will be $GME.
No one should buy SLV in any case. Only physical. I had my stash already. So I put $2500 into GME. Bought high. Down almost $2k now. Ha. I don't care. This is my stand. My fight. I am HODLING until they feel that squeeze by the short hairs!! If I lose it all in the process, so be it. I can feel proud of helping to cause those asshoes sone serious pain. Hopefully we can bankrupt them.
But I bet at the end of the day, we will receive our just reward.
How is this a trick? Silver is very undervalued vs inflation alone? Silver is used in numerous build types like electric vehicles? While I agree that the hype to get rich doesn’t make sense, everything and I mean everything about trading fiat for silver if in excess and not needed short term does?
You know that the speaker in the video, Ed Steer, has been on this silver hype for decades now? Now I agree that silver is undervalued, but never to the extent that a lot of these silver/gold bugs have been claiming. Steer himself admits he has been fully invested in it since 2002 and he has been clamoring for an explosive market correction with regard to PMs.
I doubt it's going to happen anytime soon. The same things have been said for years, just now silver bugs became more emboldened when MSM started publishing fake news regarding r/WSB redditors attempt to squeeze silver.
I’ve listened to the silver bugs hyping it for years, too. But buying silver wont hurt. It is def undervalued and And this time there is one VERY CRITICAL difference.
This plan we are watching unfold right now involves KILLING OFF THE CENTRAL BANKING SYSTEM.
Yeah a bit of physical PMs is definitely a good diversification move regardless of whether prices skyrocket. If things destabilize too quickly, we might instead see another Silver Thursday type of regulatory action.
Rather than a PM-dependent money supply, I see a hybrid system of government-issued cryptocurrency backed by a modicum of PMs to be the future
A wise man or woman once said, buy gold or silver, and hope that you never must use it.
Physical SILVER or gold is key. Buy it and take possession of your investment!!!
Yes-- PSA-- do not buy the derivatives-- paper gold and silver is garbage.
Hedge your precious metals with lead!!!
Copper and brass too.
i bought physical gold this morning for the first time ever and of course then the price went even lower....sigh...still, the price i got it at was the lowest it's been since november, so i can't be too disappointed (unless it really plummets)
You won’t get rich or go broke generally moving cash to real assets. Always remember the value is what someone is willing to pay for something not what we are lead to believe based on a fake market. For example silver at $27 oz was selling locally if you could find it $32-35oz proving this point. Diversity is key and knowing you have more options in the event of a fiat collapse should be the security blanket here.
I never worry about price in that way if it goes significant lower a day after I buy i just take it as a sign and buy more.
How to make a fortune in the market.
Establish yourself as an authority.
Quietly buy stock/metal at low prices.
Tell everyone the market for your stock/metal is undervalued and prices are about to skyrocket.
Watch as the price rises as the sheep climb aboard.
Sell out your position, and then say the rise is over, and everyone should sell. (cement your position as prophet).
Rinse and repeat until you have made a fortune.
Yup, that's how it used to be done and it still works because people don't understand the markets+FOMO. These days activist short selling has been in vogue, but the classic technique was always to establish an artificial demand for a product.
I've been hearing silver is going to blow for ages. Like a decade. I'm not holding my breath.
Crypto has been a lot kinder to me.
“And hope there is a world to survive in when this is all over.”
Epic!!!!
OP, you are either a shill or the real shills are doing a fine job.
I've followed a lot of PM apologists like Peter Schiff and I've read quite a few DDs on SLV. Just do a cursory search on the feasibility of shorting silver and who owns the silver supply (hint: it's not feasible). From what I've seen, it seems like this is an attempted manipulation on a massive scale by the MMs/hedgies.
On top of that, the timing of the so-called "silver squeeze" is uncanny. $GME stonks are at 70 mil+ short volume... and look at this wiki article https://en.wikipedia.org/wiki/GameStop_short_squeeze
WTF OVER? Why are they trying to gloss over $GME? The hedgies DOUBLED DOWN, new short positions were taken. The squeeze was not squoze... I say again, the squeeze was not squoze.
r/WSB has been actively suppressing any real news about $GME after the subreddit drama calmed down. Now they allow the news but only after the community was splintered when people noted how the mods were suppressing $GME.
The Congressional hearing featuring u/DeepFuckingValue happens this week. He has also been sued. What ever could this mean?
It means the promotion of the "next squeeze" is all an attempt by MMs/hedgies to drive away the focus on $GME. It's a pressure relief valve. They funnel the grassroots retail investors to chase after the next squeeze stonks and voila, they get away with billions. The problem is, there is no other squeeze on the scale of $GME. You have to understand how unique that situation was.
TLDR: Anything above is not financial advice. SLV short squeeze is a distraction and market manipulation by the MMs. If you're not a boomer, don't buy SLV. Real squeeze will be $GME.
Stupid question, what’s MM?
Market maker https://www.investopedia.com/terms/m/marketmaker.asp
No one should buy SLV in any case. Only physical. I had my stash already. So I put $2500 into GME. Bought high. Down almost $2k now. Ha. I don't care. This is my stand. My fight. I am HODLING until they feel that squeeze by the short hairs!! If I lose it all in the process, so be it. I can feel proud of helping to cause those asshoes sone serious pain. Hopefully we can bankrupt them.
But I bet at the end of the day, we will receive our just reward.
Exactly. They've been saying that since "Silver Thursday" (but the Hunt brothers didn't go bankrupt, merely lost a bit of wealth).
Silver is not a prospective squeeze target... nor is it really ever going to be unregulated in the near future.
How is this a trick? Silver is very undervalued vs inflation alone? Silver is used in numerous build types like electric vehicles? While I agree that the hype to get rich doesn’t make sense, everything and I mean everything about trading fiat for silver if in excess and not needed short term does?
You know that the speaker in the video, Ed Steer, has been on this silver hype for decades now? Now I agree that silver is undervalued, but never to the extent that a lot of these silver/gold bugs have been claiming. Steer himself admits he has been fully invested in it since 2002 and he has been clamoring for an explosive market correction with regard to PMs.
I doubt it's going to happen anytime soon. The same things have been said for years, just now silver bugs became more emboldened when MSM started publishing fake news regarding r/WSB redditors attempt to squeeze silver.
I’ve listened to the silver bugs hyping it for years, too. But buying silver wont hurt. It is def undervalued and And this time there is one VERY CRITICAL difference.
This plan we are watching unfold right now involves KILLING OFF THE CENTRAL BANKING SYSTEM.
This will ignite the metals for real.
Yeah a bit of physical PMs is definitely a good diversification move regardless of whether prices skyrocket. If things destabilize too quickly, we might instead see another Silver Thursday type of regulatory action.
Rather than a PM-dependent money supply, I see a hybrid system of government-issued cryptocurrency backed by a modicum of PMs to be the future