Reddit #silversqueeze

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

  1. Millennial Engineer

    Millennial Engineer Active Member

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    Yeah agree 36.5k is a drop in a bucket , but as you say its growing steadily,
    If it was WallStreet Bets size (9 million) and dealers ripped off these people and a short squeeze was legislated over then it would leave a very bad taste in the mouth of everyone in silver for the years to come.
     
  2. doomsday surprise

    doomsday surprise Active Member Silver Stacker

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    Gofundme now over $100K. Apmex and Stefan Gleason just put in another 15K between them.
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    apmex only $15k? they made insane profits from the premiums. :D
     
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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I like going into the reddit discussion room and saying things like....

    "I picked up 6 boxes of 2020 quarters and dimes today at the bank brand new, might be worth alot someday! Screw the old scratched stuff and just as cheap!
    All silver colored no copper! Keep stacking!"
     
  5. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    You ever run a business?
     
  6. Millennial Engineer

    Millennial Engineer Active Member

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    STKR, GOLD1, 66rounds and 1 other person like this.
  7. Jason1

    Jason1 Well-Known Member

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    Seems the only people being squeezed is redit, paying heaps on premiums while spot dives lol
    they wont beat JPM with physical purchases.
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I won't underestimate wsb reddit. Some of them don't even break a sweat as GME fell from $300 to $40. The key to the game is persistency. Diamond hands in their lingo. Physical silver has no counterparty risk, unlike leveraged stocks, bitcoin, real estate and other fiats. Supply is also limited. You can't print silver like houses.
     
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  9. Jason1

    Jason1 Well-Known Member

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    yer but their idea is to raise spot price, raising premiums by buying out dealers of their physical doesnt change spot, it just increases premiums.increasing premiums on physical doesnt worry JPm in the slightest
    So if they want to beat jpm they need to play the paper game as that effects spot price easier than buying dealers out of the limited physical stock.
     
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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    The Reddit retards are imploding on themselves now.
    Go in the chat and they accuse you of being a government shill and they ban you.
    I'm banned for 3 days for "spreading hateful speech" and being a government plant whatever that means.
    They wont last much longer.

    Most of them have blown their wads on high premium silver and they sit there all day watching spot price getting crushed.
    I think they are getting sour now and the team mentality is gone.
     
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  11. heartastack

    heartastack Well-Known Member Silver Stacker

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    its only 38k members dude.. they are all learning and they are all p!st, rightfully so at the corrupt system. At this point making mistakes buying high premium retail is just part of the learning curve. There is a reason accumulating and consolidation phases don’t move price. There is a ground-swell and the interest, persistence and motivation is high. Just sit it out and let them do their thing. ‘Awareness’ is the only value at this stage
     
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yeah i agree and wont go back. Too much infighting there and they will destroy themselves, I dont need to help that haha.
    I'm not part of that newbie crowd anyway, I've got my stack and been collecting for years.
    They dont want to hear from any old time stackers.
     
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  13. AustralianAustrian

    AustralianAustrian Active Member

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    $1.9 billion stimmy check bill passed today. will be interesting to see how much goes into silver.
    Im guessing gamestop will catch a bid; the new safe haven trade :)
     
  14. norman_h

    norman_h New Member

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    There's an unlimited number of retarded apes.
    There's a significant number of retards about to get $1400 stimulus.
    There's a limited volume of silver.

    The tards are going to keep buying.
    The paradigm hasn't changed, it's just been squished.
     
  15. Jason1

    Jason1 Well-Known Member

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    and that has what todo exactly with what I said?
    they buy retail physical bullion and premiums go up while spot stays the same. Shortages in retail physical bullion sold at the dealers happens often, spot price never goes up as a result, the premiums go up thats it.
    to beat JPM they need to play the paper game as thats the game JPM is playing, they need to buy specific paper silver that requires establishments to buy more silver to match the silver on the paper. SLV is not one of them.

    they are playing the game wrong if their goal is short squeeze on JPM.

    So yes there is a limited volume of silver in retail bullion form, a shortage in retail bullion isnt uncommon, and doesn't effect spot, they need to create a shortage of bullion being stored in vaults which there is much more of than there is in retail bullion.

    And Yes i know about WSB. they just dont know what they are doing with silver, its a different animal from some hedge fund shorting Gamestop,

    if they come up with a proper game plan they may have a chance, but their gameplan is useless right now, its al lover the place, its a mess, its essentially paying lots of money on premiums and thats it.
     
    Last edited: Mar 7, 2021
  16. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    Ha! I knew it.

    Next you’ll be gushing the MMT line.

    ;)
     
  17. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    A government “plant” by the way is a small slow growing shrub that thrives on shit.
     
  18. alor

    alor Well-Known Member Silver Stacker

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    they all should get a kilo silver, to find out that greenback can't get them
     
  19. alor

    alor Well-Known Member Silver Stacker

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  20. willrocks

    willrocks Well-Known Member Silver Stacker

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    Sorry. It seems like there's only one thing being squeezed on Reddit. And it's not silver.
     

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