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GME was talked about for over a month before it was picked up by media and it was cause they were trying to convince people to sell.

Now "Silver is the next GME" is popping up in mainstream news instantly before there has been much discussion on the boards.

Seems like it is a conspiracy to make some of the hedge fund peoples money back.

Your telling me there's billions at stake and they wouldn't have a media/shill fest as retaliation?

Think smart with your money, nothing is a sure thing.

GME was talked about for over a month before it was picked up by media and it was cause they were trying to convince people to sell. Now "Silver is the next GME" is popping up in mainstream news instantly before there has been much discussion on the boards. Seems like it is a conspiracy to make some of the hedge fund peoples money back. Your telling me there's billions at stake and they wouldn't have a media/shill fest as retaliation? Think smart with your money, nothing is a sure thing.

(post is archived)

[–] 0 pt

No this does not benefit (((them))). Imagine if people realized that their dollar was backed by nothing.

Imagine if every american bought 1 physical OZ of silver. This would drain almost half of the world's annual supply. If everyone bought 2 oz in the US alone it would drive prices soo high you couldn't imagine.

Then when people begin to come to collect on the COMEX futures they own becuase they are getting worried there is no silver left, COMEX (who has 500 time the amount of paper silver trading as compared to physical that even EXISTS) would be left having to pay out in cash for all these contracts.

This achieves two things. First puts huge doubts in to the markets which are controlled by (((them))) and second shoots the price of silver up as it is used heavily in industry. I am almost certain this will happen

There are 6kg of silver in a Tesla alone (batteries use that shit). So companies like them may go to comex ahead of time and purchase futures and demand delivery now as they do not know if itll be there in a year. If a bunch of companies did this it would dry up supply. This initial spike from retail is only the beginning.

Saying hedge funds own silver so we shouldnt buy it is a strawman. They saw what happened with gamestop and now recgonize they can do this to the banks. Just note DO NOT BUY SLV.. it is more paper backed bullshit by JP Morgan. Only buy PSLV. They take delivery when comex to make sure that

Market cap / oz in vault = spotprice*1.02 .... as that 2% is a managment fee... you would get charged that and more in fees if you bought from an online dealer. If you put over $30k in rn that is enough for delivery... While its alot for many it is also nothing for some.

I’ve got nothing against picking up silver, but running it up right now, this week, does benefit (((them))).

[–] 0 pt

Please tell me how. The way i see it is they are more short than long in a market that trades 500x the amount of paper silver than there is physical.

(((They))) may own it but if the price rises (((they))) will have to sell it to whoever wants to collect on the calls (((they))) sold

P.S. check out wallstreetsilver on reddit. Wallstreetbets banned any intelligent conversation on the topic. I am shocked to see the level of discussion going on there.