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First, hold in mind the Gamestop phenomenon, and the way that the public sector and mainstream media latched onto it.

Now, this thread: https://poal.co/s/Funny/283449

So, we know that silver is an absolutely crucial resource for the cellular industry and automated cars.

Now, to China.

China is projected to be the world's largest 5G market by 2025. https://www.globenewswire.com/news-release/2020/02/18/1986456/0/en/China-is-projected-to-become-the-world-s-largest-5G-market-by-2025.html

What about automated vehicles?

In 2018 Tesla signed a major deal with China initially to manufacture half a million vehicles there, and Tesla built the Giga Shanghai plant in China for final assembly of the Model 3, but began producing Model Y there last month. (https://www.theverge.com/2018/7/10/17553094/tesla-china-gigafactory-cars-deal-agreement)

Now, lithium becomes interesting, because lithium (not traded on any exchange) has been steadily rising. Lithium demand as LCE is expected to hit a million metric tons by 2025. The biggest reserves of Lithium are in South America (Boliva and Chile having the largest).

These nations are currently suffering massive economic problems and labor protests. China owns a nearly 25% stake in Chile's leading lithium mining operation, and China has a massive lead on the rest of the world in the lithium race. (https://www.utilitydive.com/news/beating-china-at-the-lithium-game-can-the-us-secure-supplies-to-meet-its/572307/)

Interestingly, while Tesla has invested itself domestically in competing with China to mine lithium in California, it also formed a deal with China's Yahua Industrial Group to supply Tesla's Chinese operations with lithium for the next 5 years. (https://electrek.co/2020/12/29/tesla-signs-long-term-lithium-hydroxide-supply-deal-china-yahua/)

What's this got to do with silver? I'm not financially or economically literate enough to ask you to be confident in anything I'm saying. I'm really just trying to step back and see where the wind is blowing.

Silver is another resource demanded for both burgeoning markets in China - automated car manufacture and the cell network. Tesla stands to score major contracts in what will be a ridiculously large market.

Who was a major voice in promoting the 'short squeeze' on Gamestop shorts?

Elon Musk. He was a spearhead in this power to the people ethos.

Where did the hype begin?

Reddit. China's presence on Reddit has been well-known for some time.

Given the way media is inflaming the movement through its antagonism, could this be a plot to create a bubble in silver and tank the market so that China can scoop up silver? It has every motivation to do this, and it also appears to have the means. It is allied with Tesla and Elon Musk, who has actively had a hand in creating the fervor surrounding these squeezes.

Add in the China-friendliness of the current US government, and the way they are helping to bolster the automated car market through their artificial promotion of 'green technology' and what will become anti-competitive measures against US domestic energy independence and our independent use of coal/oil.

It all seems to be working together.

Let's even imagine that what the anon from the thread posted earlier said about the threat to the technostructure of a silver shortage is true. Could this not set the stage for US government intervention in the free trade of silver. Say the government issues some strict regulation, the bubble on silver will immediately pop, and when they do, who will be in a position to buy up cheap silver?

I think China is making moves, with help from US government, media, and perhaps Elon Musk.

First, hold in mind the Gamestop phenomenon, and the way that the public sector and mainstream media latched onto it. Now, this thread: https://poal.co/s/Funny/283449 So, we know that silver is an absolutely crucial resource for the cellular industry and automated cars. ##Now, to China. China is projected to be the world's largest 5G market by 2025. https://www.globenewswire.com/news-release/2020/02/18/1986456/0/en/China-is-projected-to-become-the-world-s-largest-5G-market-by-2025.html What about automated vehicles? In 2018 Tesla signed a major deal with China initially to manufacture half a million vehicles there, and Tesla built the Giga Shanghai plant in China for final assembly of the Model 3, but began producing Model Y there last month. (https://www.theverge.com/2018/7/10/17553094/tesla-china-gigafactory-cars-deal-agreement) Now, lithium becomes interesting, because lithium (not traded on any exchange) has been steadily rising. Lithium demand as LCE is expected to hit a million metric tons by 2025. The biggest reserves of Lithium are in South America (Boliva and Chile having the largest). These nations are currently suffering massive economic problems and labor protests. China owns a nearly 25% stake in Chile's leading lithium mining operation, and China has a massive lead on the rest of the world in the lithium race. (https://www.utilitydive.com/news/beating-china-at-the-lithium-game-can-the-us-secure-supplies-to-meet-its/572307/) Interestingly, while Tesla has invested itself domestically in competing with China to mine lithium in California, it also formed a deal with China's Yahua Industrial Group to supply Tesla's Chinese operations with lithium for the next 5 years. (https://electrek.co/2020/12/29/tesla-signs-long-term-lithium-hydroxide-supply-deal-china-yahua/) What's this got to do with silver? I'm not financially or economically literate enough to ask you to be confident in anything I'm saying. I'm really just trying to step back and see where the wind is blowing. Silver is another resource demanded for both burgeoning markets in China - automated car manufacture and the cell network. Tesla stands to score major contracts in what will be a ridiculously large market. ##Who was a major voice in promoting the 'short squeeze' on Gamestop shorts? Elon Musk. He was a spearhead in this power to the people ethos. ##Where did the hype begin? Reddit. China's presence on Reddit has been well-known for some time. Given the way media is inflaming the movement through its antagonism, could this be a plot to create a bubble in silver and tank the market so that China can scoop up silver? It has every motivation to do this, and it also appears to have the means. It is allied with Tesla and Elon Musk, who has actively had a hand in creating the fervor surrounding these squeezes. Add in the China-friendliness of the current US government, and the way they are helping to bolster the automated car market through their artificial promotion of 'green technology' and what will become anti-competitive measures against US domestic energy independence and our independent use of coal/oil. It all seems to be working together. Let's even imagine that what the anon from the thread posted earlier said about the threat to the technostructure of a silver shortage is true. Could this not set the stage for US government intervention in the free trade of silver. Say the government issues some strict regulation, the bubble on silver will immediately pop, and when they do, who will be in a position to buy up cheap silver? I think China is making moves, with help from US government, media, and perhaps Elon Musk.

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[–] • 1 pt

PMs is a market I watch. The banding together to drive the price up didn't seem natural to me. As in, I wonder who was really behind that. With the share amount of physical silver in existence, anybody with half a brain cell knew that the high spot price wouldn't last. I'm not at all surprised to see it down over $2 right now. And now that I have a better idea of where you're coming from, I can see that I agree with you. What a lot of people didn't know is JP Morgan had somewhere near 130 million oz of it in their possession when they got crushed by the GameStop short fiasco. To put a bluntly, JPMorgan may have been behind this. Again. Just take a look at this article from late September 2020, and you'll see what I see. https://www.inquirer.com/business/jpmorgan-chase-bank-gold-silver-prices-fine-futures-spoofing--20200929.html

[–] • 1 pt

Where do you buy your PMs and I assume you don't hold paper.

[–] • 1 pt (edited )

I've never bought paper and I never will. Where? It depends on what I'm looking for. If it's numenistically valuable it's going to be hard to find (released vs. 100+ years old) and will command a higher premium. I recommend anyone to go to their local coin store (especially beginners.) Keep your business and your money local. On top of that you can find the owner's name (for those who are picky (((who))) they do business with.) Online? There are bullion companies all over the place. Just know you can snap this stuff up right out of the gate by going to some of the mint's sites directly. Eg: The (silver) V-75's released by the US Mint, you could purchase the silver delivered to your door for around $100. They were flipped immediately. Initially I saw them going for over $1,000 (silver ones, gold is a different story.) Edit: if you want more information you're going to have to PM me.

[–] • 1 pt (edited )

Yeah, I didn't mean at all to attack the underlying value of silver. Quite the contrary. It also leads me to wonder if JP Morgan might not be trying to position itself and its massive supply of silver for the Chinese demand. I really think this entire thing is orchestrated, and the heavy hand Musk had in inflaming the 'power to the people' thing (given what Tesla stands to do in this new China-dominated 'green' world) is a smoking gun, imo.

[–] • 0 pt

It's been nearly a half an hour since my last response and it's down another 15 cents. This looks like a massive, very well orchestrated in advance, pump and dump operation that Joe Q public was able to get on board for. and it's because of Joe Q public that I don't think anybody's going to be able to be held responsible for market manipulation this time. It's just my personal view, but I think JP Morgan and other big names banded together to make this happen.