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re: This could be something....Look beyond equities, Silver to be the next short squeeze

Posted on 1/31/21 at 11:07 am to
Posted by TDTOM
Member since Jan 2021
14616 posts
Posted on 1/31/21 at 11:07 am to
Doesn’t Buffet own like 80 tons of silver?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/31/21 at 11:07 am to
the silver threads are getting wacked because they are being made by new bot accounts

what national implications are there if silver takes off?

doesnt the treasury hold silver on their balance sheets?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/31/21 at 11:08 am to
Yea. Bloomberg and business insider and other slimey media are pushing the "silver rush"
Posted by Odinson
Asgard
Member since Apr 2014
2757 posts
Posted on 1/31/21 at 11:08 am to
Media prefers Silver to disrupt the entire world than GME? Lmao
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/31/21 at 11:10 am to
please explain how retail buying silver disrupts the entire world
This post was edited on 1/31/21 at 11:11 am
Posted by NYNolaguy1
Member since May 2011
20908 posts
Posted on 1/31/21 at 11:11 am to
quote:

please explain how people buying silver disrupts the entire world




That's a start, aside from the fact that the value of the dollar is partly (though not entirely) derived from the price of precious metals.
Posted by TDTOM
Member since Jan 2021
14616 posts
Posted on 1/31/21 at 11:12 am to
Inflation will go through the roof if silvers goes too high.
Posted by NYNolaguy1
Member since May 2011
20908 posts
Posted on 1/31/21 at 11:13 am to
quote:

Inflation will go through the roof if silvers goes too high.


That's the other issue. Inflation is already lurking around the corner with the insane amount of money in the market.
Posted by rintintin
Life is Life
Member since Nov 2008
16186 posts
Posted on 1/31/21 at 11:14 am to
quote:

yea the media is pushing the silver narrative down everyone's throats. this is patently obvious to any one paying attention


We get it, and your commitment is commendable, but you can put money in multiple places at once.

I dont think anybody here is putting money into silver that would otherwise go to GME. I'm holding GME and have no intentions of selling, but there is plenty money to be made elsewhere. Boomers and silver bugs aren't eyeing their entry into GME.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/31/21 at 11:16 am to
I agree with you there but inflation ultimately punishes poor retail not the elites who are already well positioned in silver and other commodities
This post was edited on 1/31/21 at 11:17 am
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/31/21 at 11:17 am to
oh I absolutely agree that there is money to be made in silver.

I'm trying to understand the sociological reasons for the media pushing it on us and using reddit as the scapegoat
This post was edited on 1/31/21 at 11:19 am
Posted by When in Rome
Telegraph Road
Member since Jan 2011
35549 posts
Posted on 1/31/21 at 11:22 am to
quote:

I'm trying to understand the sociological reasons for the media pushing it on us and using reddit as the scapegoat
Curious to see your thoughts on this thread:

Ben Hunt on Twitter
quote:

This isn't about bots or any individual mode of spoof. It's about how ALL of social media has been successfully gamed by investment pros, is being successfully gamed by investment pros, and will be successfully gamed by investment pros. Meet the new boss, same as the old boss.
quote:

And by investment pros I don't mean "hedge funds" (although yes, that, too). I mean @elonmusk. I mean @Benioff. I mean @chamath. I mean every billionaire who goes on Twitter or CNBC to tell you *how to think* about their latest promote.
This post was edited on 1/31/21 at 11:23 am
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/31/21 at 11:25 am to
whoa interesting. good find.

I hate to be all tin foily but influential people are trying to game this situation to their advantage.

edit: I do feel chamath and Elon are genuine in their support of wsb. wsb has put those two on pedestals for as long as I can remember.

but on the other hand, chamath is now running for CA governor...
This post was edited on 1/31/21 at 11:31 am
Posted by TDTOM
Member since Jan 2021
14616 posts
Posted on 1/31/21 at 11:28 am to
A basic 70” tv will be $20,000.
Posted by When in Rome
Telegraph Road
Member since Jan 2011
35549 posts
Posted on 1/31/21 at 11:32 am to
quote:

edit: I do feel chamath and Elon are genuine in their support of wsb. wsb has put those two on pedestals for as long as I can remember.

on the other hand, chamath is now running for CA governor...

Ben Hunt on Chamath
quote:

I think SPAC promoters in general, and Chamath in particular, intentionally use a bullshite narrative of “market democratization” to run their market con. It’s very smart. It’s perfectly legal. Personally, though, I detest the mendacity.
Reply from Josh Lipton
quote:

So is the argument: @chamath wants everybody riding the SPAC train. To do that, it helps to sell people on a populist narrative. "Screw the banks. Ride with me." (Honest question - just curious if I’m understanding it correctly)
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/31/21 at 11:38 am to
yea I'm a big fan of chamath so it is difficult to process him as the snake using the little guy
This post was edited on 1/31/21 at 11:39 am
Posted by Hailstate15
ForeverGator's mom's
Member since Nov 2018
21466 posts
Posted on 1/31/21 at 11:41 am to
Chamath isn't a snake using the little guy
Posted by Rsande63
Spring,TX
Member since Jan 2016
579 posts
Posted on 1/31/21 at 11:42 am to
My 9 100 oz bars are nice and safe & moved from my house haha

I'm only worried if this runs up crazy who is going to have money to buy from me.
Posted by When in Rome
Telegraph Road
Member since Jan 2011
35549 posts
Posted on 1/31/21 at 11:44 am to
I like Chamath too, but think this guy has good points, so it’s hard to square the two.
Posted by BobRoss
Member since Jun 2014
1694 posts
Posted on 1/31/21 at 11:50 am to
quote:

rocket31


I am trying to make money. If you want to be part of some "movement" or "revolution", cool, but I'm not wasting my money buying GME at $300 / share. r/wallstreetbets has gotten unbearably douchy with how they're reacting to any other play that isn't GME. Please don't bring that in here.

I've already made a ton on this silver play, and the momentum is just starting to pick up. I'm long.
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