More GME Divide and Conquer
ℹ️ ⚔️ Information Warfare ⚔️ ℹ️
Just like what happened to r/WallStreetBets at the end of January over the weekend in r/GME suddenly the main mods got booted by new mods with a suspicious statement that they voluntarily stepped down and dissenters are getting banned. They're already reforming at r/SuperStonk and confirming that they were forced out, even the daily due diligence thread at r/GME got deleted this morning. Looks like another wake up call for those redditors.
"Retail" silver is sold out everywhere- 1oz rounds/coins, 2 and 4 oz bars, stuff like that- unless you want 1oz rounds with Biden's face on them (kek). Zero issues getting supply on kilo, 100-ounce (or larger) bars.
Big banks own the majority of 'investment grade' silver, so there isn't much we in the retail world can do to influence spot price, barring a major financial event that would cause banks to liquidate their holdings. What is happening is an inflation of the "premium"- how much a broker charges to put physical coin in your hand. Ten years ago it was maybe 5%. I'm seeing 50% in some places- a round worth $24 in silver going for $36.
Methinks William Devane is swimming in all the cash he got from Rosland... the brokers are the ones making money hand over fist right now.