Silver Spikes Past $30 as Retail Investors Swarm Biggest Target. Rally follows jump in demand over weekend for bars and coins. The momentum rests with smaller investors right now.

submitted by christnmusicreleases from (bloomberg.com)

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[–]Staf 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (1 child)

Noone on reddit is saying to buy silver, its a literal disinfo campaign to drive the hedgefunds silver positions up so they can sell to cover the shorts of GME which are projected to be in the billions.

[–]fschmidt 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Noone on reddit is saying to buy silver

That makes sense because reddit is the biggest collection of morons ever assembled in human history.

[–]polync 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Silver is nice but they love and hold stonks.

[–]fschmidt 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (17 children)

Cornering the silver market would actually make sense, and I have never seen the masses of moronic scum ever do anything that makes sense. They buy BitCoin and GameStop and all kinds of worthless bullshit. This is all they ever do. And these worthless things are unsustainable. Cornering the silver market would actually be sustainable and make sense, so I can't imagine the masses of moronic scum ever doing this.

[–]jet199 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (10 children)

You realise gold and silver are also pretty worthless in themselves too, right?

They are just shiny things people put value in.

[–][deleted] 4 insightful - 5 fun4 insightful - 4 fun5 insightful - 5 fun -  (4 children)

Jet, you feel free to give me all the worthless shiny metals you don't want.

[–]jet199 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (3 children)

OK, in exchange for all those worthless imaginary numbers in your bank account.

[–][deleted] 3 insightful - 4 fun3 insightful - 3 fun4 insightful - 4 fun -  (0 children)

That's literally dozens of dollars! That... might actually work out in my favor still.

[–]Tom_Bombadil 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

The fact that you may have shiny metal means it has value to you.

[–]jet199 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Well obviously my mirror is the most beautiful piece of art I own.

[–]Bigs 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

Silver is a seriously valuable metal in today's world of electronics, and it's basic economics 101 that what people put value in is valuable. Der.

[–]Tom_Bombadil 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

This.

Plus silver is real money.

[–]TheEvilNick 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

gold and silver have value because they are used in many of our electronics today.

[–]SilenceThem_Consume 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

How much silver is used in a smoke signal machine?

[–]TheEvilNick 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

22 oz?

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Cornering the silver market would actually make sense

At this moment. Normally the supply of silver outpaces demand, keeping the prices low.

By the time people read about anything though it's already a missed opportunity. You'd be sitting pretty right now if you bought silver at $17/oz, but now? There's a chance it hits a 10 year high of $50, but the last time it did that was over catalytic converters and a shortage.

[–]fschmidt 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Silver is still somewhat undervalued, but more importantly this market could be cornered and driven much higher, like GameStop was but more effectively.

I did buy silver under $20 and I am selling now because I know the wallstreetbets people are too stupid to corner the silver market.

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Cornering the silver market would actually be sustainable and make sense, so I can't imagine the masses of moronic scum ever doing this.

Why do you feel silver is better than Bitcoin? Switzerland has authorized their banks to hold Bitcoin as a reserve currency.

The banksters aren't fools.

[–]fschmidt 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

https://www.youtube.com/watch?v=d6yqrwOZVjY

https://www.youtube.com/watch?v=FnKrMKo_WlU

We live in an idiocracy where almost everyone alive is a fool. Buffett isn't a fool and McAfee occasionally makes sense.

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Buffet just sold the majority of his wells fargo banking investment. He bought gold mining.

He's always claimed to hate gold.

Warren Buffett sold all Goldman Sachs shares last quarter as Berkshire Hathaway cuts holding in bank - Aug 15, 2020

Buffet is an inside trader, and senior cultist.

He knows the globalists long term plans.

McAfee is a legit genius, and a suspected cultist, but he refuses to take orders (that's my assessment).

I haven't had a chance to look at those videos, but here's a more comprehensive take on the future .

https://saidit.net/s/corruption/comments/7ai0/the_real_reason_wall_street_is_terrified_of_the/rkzp

[–]fschmidt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Buffett has always hated precious metals as a long term investment, and I agree with him. But Buffett did own silver in the past when it was undervalued. Today the silver market could be cornered and driven much higher, but this won't happen because the wallstreetbets people are morons.

Of course Buffett is part of the elite. So what?

[–]Intuit 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

...aaand it's back down to $26.85.

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The calm before the storm.