The market has been crazy the past few days. If you are a follower of GME, it seems like the MOASS is nigh. Sadly, I've felt this way about 17 times in the past, and the hedgies have weaseled their way out every single time. It appears to me that the DTCC is doing some controlled demo of certain hedge funds, like Melvin Capital, and then throwing the funds from the liquidation back into the market to keep things afloat a little while longer. I'm afraid that they'll come up with some completely illegal but hidden solution to negate the MOASS. Hopefully I'm wrong.
Anyways, here's my thought: Does anyone have a line to James O'Keefe at Project Veritas? It'd be amazing to have him run an expose on the whole GME situation. If anyone can shine a bright light on the hedgies' shenanigans, it's PV.
DRS'ing GameStop shares also provides personal ownership. I like silver too. I think both are in very similar situations.
Who assigns a value to silver?
Then that kind of makes it worthless. You can assign an arbitrary amount in US dollars, or say you'll trade the silver for some product, service or labor. But then, what value does it have to the person receiving it?
That's true.. but it is also not without risk. It can be stolen for example. Gamestop could go bankrupt but with zero debt and billions in cash on hand, I don't see that being a possibility in the near future.