Warren Buffett and bill gates own 70% of the world's silver. Driving the price up allows the hedge funds to regain lost wealth.
Their production capacity is huge. Any "squeeze" just lines their pockets. This has been tried before and failed miserably
Any Silver purchase should be in physical form IMO. You cannot go wrong with physical silver vs fake paper money. This was tried 50 years ago by 2 individuals in a blatant attempt to manipulate the market vs a dollar that was just off the gold standard. What is happening this weekend is very different. Physical silver has disappeared like ammo.
What ever happens. With this physical run no one can go wrong with physical silver even at 27.10 call today. The Fed is simply printing too much paper money with calls for more. That cannot sustain itself
this. 2 oz bars in my pocket will never go to zero, and won't go below $50 for long.
I learned my silver lesson the hard way
I bought some silver in case of hyperinflation, not the short squeeze.
Source?
I agree, the short squeeze on silver will not have the desired effect that the stock short squeeze did. It’s a big mistake.
estimated 2 million people on /r/WallStreetBets ?
2 million ounces ? nothing.
Hedging Ounces - we're gonna have to buy 15 ounces each! (not crazy)
https://www.statista.com/statistics/253342/world-silver-supply-by-source/
Jp morgan not buffett
https://www.metalsedge.com/News/why-is-jp-morgan-hoarding-silver
Look up what happened when the Koch brothers tried to corner the Silver market.
You overlook how rich it could make those of us who own silver. Those chumps are gonna get rich no matter what. But we the people? This might be the only way...