Investment & Investing

Here we go

I was just about to post about this. Why are you mentioning them? Someone sent me a link to them this morning are they now some kind of hot topic?

bullionbypost.co.uk

They are trying to create a squeeze on silver and starting with physical silver and physical silver backed etf's and miners

after gme its the next big squeeze
$8 rise on price costs jpmorgan £3bn

zerohedge have been talking about it for years, gold too, had an artificial ceiling of £1300 for a long time cause jpm started losing above that level so they did everything to keep it below that price

I thought there was some speculation on WSB over the weekend that the accounts pushing for silver were all new account or non-engaged users.

There's suspicion that it's manipulation of the subreddit by traders.

Maybe that was debunked...

Silver is a huge global market. Very different to a (relatively) small stock like GME with 50 million shares in existence. Going to be hard for a small group of retail investors to squeeze that, surely?

Silver is a distraction to draw money away from GME

A friend of mine has several actual physical vaults to store silver. Have a feeling that those vaults might be emptying out a bit if the price does increase by a lot. He started buying it in the 70s.

Think it's both, those heavily invested in GME are saying that every post on AMC, NOK,BB,SLV are FUD to weaken the GME squeeze and those that actually believe in it but are probably being amplified by the bots

Exactly, it's not new, Max Keiser was pushing it a decade ago and trying to get a silver squeeze from his limited platform

You shouldn't be talking about that at the golf club bar, it's just too public. :)

Silver is a distraction to stop Sumo from getting his nice new watch

You shouldn't be talking about that at the golf club bar, it's just too public. :)

Ha ha. Even if you knew which country he is in you'd still have trouble figuring out where it is.

I'd just put @oat44 on the case, job done. :)

How much volume is there in the global silver market? I just read that London by itself was trading about $40bn per day in 2018. Is it even possible to crowd source enough retail traders to make a lasting impact on that kind of market?

My back of fag/vape packet calculations value the daily silver trade as about x1250 larger than GME at its highest valuation.

So I should definitely sign up and fuck some bankers over?

So I should definitely sign up and fuck some bankers over?

Definitely nothing could go wrong if you did

canttellifserious

I prefer to find my gold with a pan or detector but buying it from a website seems way more 2021...

Wait, am I meant to be buying gold or silver?

or more GME?

Moar GME

https://youtu.be/3es1InBhXqQ

Saw that last night

Really made me chuckle.

A little humour but also poking the bear*, which is good.

(*see what i did there?)

https://www.theguardian.com/business/live/2021/feb/01/silver-price-squeeze-reddit-traders-gamestop-ftse-dow-uk-factories-business-live?page=with:block-6017cb348f085e2bcdae32c6#block-6017cb348f085e2bcdae32c6

re. silver, some guy in the FT says banks are hedged.