I understand the idea that there is a massive short on GME, and that it will (eventually) cause an even-more-massive 'short squeeze', sending prices 'to the moon'.
What I don't understand is how that translates into an actual financial benefit to (real) shareholders - because of two 'holes' that I see (as an amateur).
The 'near infinite' nature of the debt seems to allow for two scenarios that may be 'the first of their kind'.
First - What's to stop the 'big guys' from simply 'erasing' the transactions that say they have a short position? If they 'own' the markets, can't they (in a big enough emergency) simply scrub the books? (Of course I know this would be 'illegal', but what's to stop it from happening?)
Second - If the loss to any one entity is large enough, what's to stop them from simply declaring bankruptcy (or some similar 'out')? How would you 'recover funds' from an entity that is no longer in operation (and/or doesn't have the 'infinite assets' that would be required to cover the new 'to the moon' price)?
We learn to fend for ourselves.
And all these guys left holding the GME bag will wish they had hoarded physical Gold and Silver while they could.
lol yup, luckily I'm invested in all 3 :-) (PS Buying more gold and silver today, maybe even a few GME )
Pushing 1,700 oz and 800 shares of gme......
If the left doesn't get them the right will.
This is the way. :)
Good investors diversify. I agree Gold and Silver are greatly suppressed just like GME. I keep my eye on a gold and silver mine operation in Nevada. HYMC
AMC is invested into it as well. At the hint the lid is lifted I'll buy 5-10,000 shares without batting an eye.
Physical Gold and Silver in your own possession is critical for a SHTF scenario. Everything else is a gamble when the FED collapses. IMO.
If you have a place to store it securely. If at a bank it's the same conundrum. But yes owning the real thing is that of treasures in the history of man. It's God's "money".
It is a gamble,but we are at war,it's a nessary risk.