Why does silver smell like a scam?
🤡🌎 HONK HONK 🌎🤡
If any metal goes up in value they can mine deposits that weren't economic.
This is not a restricted supply. Silver does not have that many industrial uses.
This whole thing smells like citadel trying to gain cash.
Make sure you get the physical silver.
$SLV is literally buying paper. They are selling you silver that they speculate is still in the ground but has not been mined yet. It's a fucking scam.
I'll answer your question with a question. which investment firm owns the most silver?
Why silver? Why not gold that people have been already using for this purpose?
The claim is that silver is undervalued..more so than gold. Banks NEED pm undervalued and manipulate the shit out of silver (and have been caught manilulating gold)
Claim continues that If PM isnt devalued..it devalues papermoney.
Silver is in much shorter physical supply than manipulated leveraged paper silver. Much like the synthetic cdos from mortgage bust in 2008.
WHO can? the people that own paper certificates that CLAIM they can be redeemed for silver?
yes why don't we force all the banks to prove they have physical currency they don't have and then they will go mine it and give it to us, it's just that easy
Yes fellow centipede. Let us purchase $SLV and force the ETF to convert it to tangible metals. This clearly will work. This is fine. Disregard the fact that the push for $SLV started before the actual short squeeze has taken place for $GME.
watch all the people trading paper start trying to cash it in for bullion. you'll see it work
fractional reserve BACKED currency doesn't work if people demand what the paper says they own
the banks already know this. they're sending out shills to stop you from doing it
I hope it does.
Not likely how a silver (or any ETF works). ETF shares in no way mean the underlying product is deliverable to the ETF shareholder (ever)
I agree fellow centipede.
They don't banks operate on Fractional Reserve ... thats why Precious Metals is Truth in Money
Silver DOES have a lot of industrial uses.
Go ahead and list them.
Electronics as a conductor. IIRC silver is a better conductor than copper, but tarnishes easily and is expensive. I have used an electrically conductive epoxy that uses powdered silver.
It's also used in brazing. Silver solder is used to adhere tungsten carbide tools to steel. I don't think there's a whole lot of other brazing alloys that can wet tungsten carbide.
I'm sure it also has uses in medical equipment because I think it has antibacterial properties.
Then I think it might also be used for laboratory equipment.
Gold also has industrial uses. It's used in practically every electrical device that has a chip, plus contacts on many types of connectors. It's used because it can be drawn into a fine wire and doesn't easily corrode.
I've been holding silver ETFs for a long time. I'm not complaining, haha.
It is a scam! Don’t try it!
Tell it to these guys.
Apparently I'm a shill for doubting.
https://communities.win/c/TheDonald/p/11SKLL4xFK/silver-bang-zoom/c/
Calling out the sham is the quickest way to trigger the shills. They get so mad, lol.
I'm thinking they got in early and are trying to build late excitement to push it higher.
But what do I know? I don't bet on volatile markets.
It's up $5+ just this morning after hours Silver is gonna BLOW UP today , ALL Electronic use Silver it should be $1000oz they want you to buy doge lol
I have a bad feeling about the silver push. I mean banks own all the precious metals in physical form. They’re probably scamming the Reddit guys to get their money back