I don't trust this at all. First of all because we know Reddit is heavily censored and owned by ChiComm Tencent. It would be shut down in an instant if it were actually helping the common person. The Chinese Communists could be pushing it so that the US Dollar collapses even faster.
Like it or not, the US Dollar's global reserve currency status is the only thing keeping us propped up in the world right now. And now that Trump was removed, we won't even have manufacturing to save us anymore. We're absolutely fucked.
Second, banks have been buying real metals with one hand while shorting the paper market with the other. So they already own a fuckton. Not only banks, but also China and Russia. They've been loading up on metals for a LONG TIME.
Seems to me this is a controlled demolition, not some way to "fight the system, man!"
We keep jumping on board with these movements, but they are designed to collapse our nation even faster. Political Hegelian Dialectic playing both sides of the politics for our own defeat.
IMO it's a story to cover the actual financial collapse.
I think its legit (new cause had to make new account was a voat guy and forgot password here).
Anyways.. I tried posting pro PSLV things on wallstreet bets on many accounts and I got banned they only let discussion of SLV happen (which is super easy for (((them))) to manipulate.
Happy to comment more
I thought this whole thing was about PSLV. I mean they could just buy futures contracts and take delivery. That would fuck the system too, but you need some big money to even play on the futures market.
Micros is what did in GME
Slv has to buy physical ehenee inflows happen.
Today's price surge will support physical deliveries in from the futures market.
Stackers have 1.5b oz of silver. JP Morgan has 113m oz. SLV has 100m oz. But JPM is custodian.
Stackers have about 10x the physical.
A physical short squeeze can easily happen.
It already is. Premiums are $14/oz on silver eagles. Was $2/oz a few weeks ago.
That means there is a disconnect between physical and paper.
So ya...
Who the fuck knows.
But they're definitely gonna demo the economy this year.
Lol imagine thinking SLV actually buys physical silver.... This thread https://boards.4channel.org/biz/thread/27460881#p27470307
has some images show that only the top 4-10 holders in SLV can demand delivery and SLV still reserves rights to supply cash...
JP Morgans 113 OZ and SLV's 100m oz are the same thing.......
No where in the SLV prospectus does it state that they have to buy physical to match inflow of cash. They just have to "adjust their position" i.e. buy more paper bullshit
They dumped 1 billion of oz of PAPER silver on the comex market yesterday to keep price down. Thats 1.5x the amount of silver made in a year world wide in a day to supress this shit.
Fuck the US dollar it's completely corrupted American markets & industry and is a literal slave collar around all of our necks.
Burn it down to the ground or we'll never be free.
The only people I'm concerned about are the retards pushing the narrative we should let this bullshit system continue to bend us all over and fuck is in the ass every day.
Burn it down to the ground or we'll never be free.
Wait til you see its replacement. At least it was backed by oil trade decades ago. Here comes the shit domestic digital dollar devalued 50%, and the IMF will be happy to take over our insolvent Fed with taxation and austerity measures in exchange for their "loan" of SDR. And check out our manufacturing and exports - they're non-existent! Federal land leases for Oil are gone now that Biden is in, and the Paris accord will ensure we don't succeed or compete against any other nation on the globe.
Where will our prosperity come from? It's fucking done. We're so fucked and Americans have no fucking clue. Biden is signing off on our plunder and pillage declarations daily.
What I think is that we are heading towards adding a couple of classes to the world. Before there were 3. Upper, middle, and poor. We are going to have extremes, rich and poor. Like India, a class of those that can’t be touched, and those you don’t want to. Dystopian future? Let’s watch and find out!
The collapse has been in motion for decades. Precious metals are simply a way to hedge against the incoming hyper inflation. Silver is a decent bet regardless. That it's unlikely to swing wildly (barring hyper inflation, where most market rules will go out the window anyway) makes it better for less risky investors.
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