Some are. There are people really trying to push it on everyone. In particular someone named theDyingOfTheLight This person keeps telling people they must buy physical silver to screw the banks. Of course common sense would tell you this is a shill move.
What happens when you buy up the silver? Does the price of silver go up? Yes of course it does. Because your making it's availability go down. Availability down. Value up. But this isn't like the stock thing. These banks and hedge fundies aren't borrowing silver. They own silver. By purchasing silver you're just making the silver that they own more valuable. Any losses they incurred from the hedges will be made even by the value of their silver sales. You're not bailing out the hedgies. And if they get enough of you to fall for it they can get in on this GME reddit move, and make even more then they lost.
You can just do what someone on the interwebs tells you to do. Think. Once this movement went mainstream it became infested with shills.
Buy all the gold and silver. Dumb not too.
SO the hedge fund managers bought up all the physical silver this weekend. Is that your claim?
Silver Futures Soar 8%, Rise Above $29 As Reddit Hordes Pile In https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
Some are. There are people really trying to push it on everyone. In particular someone named theDyingOfTheLight This person keeps telling people they must buy physical silver to screw the banks. Of course common sense would tell you this is a shill move.
What happens when you buy up the silver? Does the price of silver go up? Yes of course it does. Because your making it's availability go down. Availability down. Value up. But this isn't like the stock thing. These banks and hedge fundies aren't borrowing silver. They own silver. By purchasing silver you're just making the silver that they own more valuable. Any losses they incurred from the hedges will be made even by the value of their silver sales. You're not bailing out the hedgies. And if they get enough of you to fall for it they can get in on this GME reddit move, and make even more then they lost.
You can just do what someone on the interwebs tells you to do. Think. Once this movement went mainstream it became infested with shills.