A year ago /r/WallstreetSilver initiated as "silver squeeze" the plan was simple. Crush the banks by buying up physical supply to make them default on their paper derivatives. /SETF/ expanded on this idea by promoting a movement of purchasing physical silver and popularizing it as a currency. This could have been a very effective method at forcing accountability into the system.
What went wrong? Did not enough people catch the silverbug? Silver is currently down 30% from the peak during summer 2020 but is almost double the drop in march 2020. If the game is still in play, what are the indications that it's working?
Silver isn’t very rare and more is being mined everyday, it’s also not a currency so yeah it’s the peoples money, where in case of hyperinflation, you could sell an ounce or two and go immediately by groceries but apart from that, it’s worthless
Isaac Robinson
>the game is still in play, what are the indications that it's working? You making this shit thread, buy the dip
Jaxon Stewart
no nothing wrong with promoting generational wealth also paper price to actual physical price is way up premiums compared to spot price is the true value
Hunter Morris
That was a scam to sell a bunch of retards worthless silver
Adam Campbell
there was already too much silver in the world in the 1600's
James Thomas
>Just buy bitcoin! As long as you didn't grab the peaks you could have done worse.
Its just a pump and dump scheme like GME and AMC. Some actual retard on Any Forums pumped a shitty silver mine in oregon run by a Thai lady boy chaser and got lots of suckers to invest, who then lost big.
The three, now two retards on on YT simply repeat the same guests who make the same comments that silver is going to moon any day now. I have been hearing this shit for 30 years and if invested in silver you wasted your money.
The keep claiming 'aw shit dawg the available silver is just hit a new compared to last week'
Benjamin Hughes
Imagine a parallel market where everything is inflated to a point that no commoner can affect no matter how well they organize. The plug is always ready to be pulled. Its trillions in volume. It is called derivatives, and it controls all other markets. It doesnt matter how much silver or gold you own as long as derivatives dictate how much of it is on paper owned to someone. Its a huge racket where everyone owns their own gold and claim to you, the sucker, that collectively they own hundreds of tons of gold, when in reality they dont own not even a single physical ton.
Still, manipulation costs money, and as long as its profitable, its still being done. It cannot sustain forever and pressure valves will need to eventually be activated. The only question is when, not if.
Probably this year. Stock Markets were way down yesterday and PMs started to rally. Once there is not enough silver to produce coins and electronics people will notice. Silver is said to run out by 2025. All this covid bullshit could be just to cover for the silver squeeze. Once that happens those derivatives become a liability
Michael Ward
>PMs and oil running out Nigger, its never running out. Reserves are only economically viable or not. The moment PMs go up, more reserves become exploitable. Same with oil.
I happily fell for it, I learned a lot, and now I have some awesome precious metals which I can hang on to and judiciously sell if the price is right, or pass on to my children. I never stopped buying silver, so my average price entry has gone down.
I hope to own about 1000oz within the decade.
Tyler Ortiz
It's the other way around, Any Forumspmg/ and Any Forums started it first and /r/wss was created a few days later.
And it's also working, half the registered silver is down and the 80M ounces level was recently breached after a long time when they tried everything to keep it at that level. The amount of shills against this is another confirmation it's effective.
