Reddit #silversqueeze

Discussion in 'Silver' started by AustralianAustrian, Jan 31, 2021.

  1. heartastack

    heartastack Well-Known Member Silver Stacker

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    Well that was a fun few days but looks like it was a false start... Hopefully it's still building though, instant mania wouldn't have ended that well
     
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  2. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    I think @Jason1 was right @heartastack, it was BS. And here I had him pegged for a dumb, loud-mouthed knob. :p
     
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  3. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    Like any investment, you gotta do your homework before you commit. Mine is worth at least a 10 bagger to me. ;)
     
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  4. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Going out to a shop and queueing to buy physical silver is a lot more effort than buying shares online.

    Still a few gains were made!
     
  5. xboxboy

    xboxboy Member

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    Actually no: This is how a capitalist market is supposed to work.

    The fact that a silver stacker believes this is just evidence of how far from a sound currency/capitalist economic system we've come.
     
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  6. clear

    clear Well-Known Member

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  7. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Wonder how many traders on futures exchange actually want delivery, I would suspect vast majority who are not miners/refiners/industrial/mints don't want deliveries but are trading for profit or protection.

    Much like when OIL futures went negative $40 a barrel when contract owners were forced to take delivery.
     
    Last edited: Feb 2, 2021
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  8. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Got in at opening bell on PSLV @ $9.23 up 8.66% at close
     
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  9. Timmy88

    Timmy88 Active Member Silver Stacker

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    That is the most sound down to earth thing I have read.

    What a cool, level head you must have.

    Timmy
     
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  10. clear

    clear Well-Known Member

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    Is the focus of the article premiums/demand ?
     
  11. thedarkwingduck2k11

    thedarkwingduck2k11 New Member

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    False alarm, looks like you have to wait another 10 years, laddie.
     
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  12. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    I learned that margin trading can magnify your profits when the market only moves up a few cents, but can wipe out your position when it drops by only a few cents. :)
     
  13. STKR

    STKR Well-Known Member Silver Stacker

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    You didn't even need to play to learnt that. I've actually taken plus500 to the (at the time) Financial Ombudsman Service. They have/had some VERY Shady business practices that boarder on the criminal side.

    Adding funds was easy, Withdrawing funds was nearly impossible. Same generic response when you contact them, almost like they had bots generating one-size-fits-all email responses. No other contact method was made available.
     
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  14. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    You young whippersnappers are a barrel of laughs, so we didn't have a moonshot on the first day or too big deal, no need to gloat already.

    For you it is all about instant gratification, cant wait for anything to happen slowly, if we are not over $50 by mid year, you might have something to crow about.
     
    sgbuyer likes this.
  15. heartastack

    heartastack Well-Known Member Silver Stacker

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    Nah it wasn’t about that, it’s about the reddit crowd doing a 180 and now bashing silver instead
     
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  16. STKR

    STKR Well-Known Member Silver Stacker

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    Another one bites the dust... Check out the collection/delivery date

    Screenshot_2021-02-02-12-00-43-16.jpg
     
    clear and 66rounds like this.
  17. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    ParanoidAndroid likes this.
  18. Jason1

    Jason1 Well-Known Member

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    Im not the only hey?
    Yer I have just over $2k sitting a plus500 account I gave up trying to get out lol.
    , they have it in their heads the money I deposited came from a business bank account or some shit like that, which is not correct and have no idea how they came to that conclusion, and with all the proof Ive provided they still wont allow the withdrawal of my money, So i gave up after 6 months trying. One day Ill YOLO the entire lot as I doubt ill ever see that money again.
    fucken strange company, and their spread is shitty and like you said its all run by automated bots which is how I think they made an error in regards to my account funds.
     
    Last edited: Feb 2, 2021
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  19. STKR

    STKR Well-Known Member Silver Stacker

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    Let the games begin!

    Screenshot_2021-02-02-12-06-33-01.jpg Screenshot_2021-02-02-12-06-19-05.jpg Screenshot_2021-02-02-12-06-03-47.jpg
     
    clear and Lucky like this.
  20. STKR

    STKR Well-Known Member Silver Stacker

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    Put in a complaint with the Credit Investment Ombudsman (CIO). It's my understanding these companies are charged fees and penalties for each complaint, especially when they're found to be in breach of their regulatory requirements.
     
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