I own 20,000 oz of silver from 2002 @$4.85. How many banks, funds, brokers will die from GME short? A few. Silver is leveraged at 500-1 and FEDERAL RESERVE MEMBER banks are short over a billion oz. it’s going to be BIBLICAL. The shit that you’re reading on Reddit is the propaganda that the banks are putting out to try to keep people away from buying any form of silver. They are scared shitless of the devastation that the silver squeeze will inflict upon them. I don’t have to say anything more. Just watch.
That's cool and all, but the banks have written paper silver certificates at the 500-1 ratio.
If it all comes crashing down, they'll use the physical silver to make their buddies whole and declare the remaining paper worthless.
Retail paper investors will be stuck filing lawsuits to recover pennies on the dollar, and the only thing that will damage is the bank's reputation- and really who GAF about that.
They'll just spinoff / merge / rebrand and memory-hole the whole thing, kind of like GMAC / Ally.
Don't get me wrong, silver is good to have. But you're not sticking it to the man with silver.
My ex husband once bought a big white bucket of supposedly triple-A mint silver coins, a large amount. But he never opened the bucket until we'd been married for several years. The coins inside were very badly used. Like coins you'd empty from your pockets at the end of the day. He paid for mint. He was very disappointed.
I own 20,000 oz of silver from 2002 @$4.85. How many banks, funds, brokers will die from GME short? A few. Silver is leveraged at 500-1 and FEDERAL RESERVE MEMBER banks are short over a billion oz. it’s going to be BIBLICAL. The shit that you’re reading on Reddit is the propaganda that the banks are putting out to try to keep people away from buying any form of silver. They are scared shitless of the devastation that the silver squeeze will inflict upon them. I don’t have to say anything more. Just watch.
I don't ever go to reddit, but sounds like you do.
https://files.catbox.moe/duf4eo.png
That's cool and all, but the banks have written paper silver certificates at the 500-1 ratio.
If it all comes crashing down, they'll use the physical silver to make their buddies whole and declare the remaining paper worthless. Retail paper investors will be stuck filing lawsuits to recover pennies on the dollar, and the only thing that will damage is the bank's reputation- and really who GAF about that.
They'll just spinoff / merge / rebrand and memory-hole the whole thing, kind of like GMAC / Ally.
Don't get me wrong, silver is good to have. But you're not sticking it to the man with silver.
My ex husband once bought a big white bucket of supposedly triple-A mint silver coins, a large amount. But he never opened the bucket until we'd been married for several years. The coins inside were very badly used. Like coins you'd empty from your pockets at the end of the day. He paid for mint. He was very disappointed.