silver short squeeze

Discussion in 'General Precious Metals Discussion' started by SilverHaas, Jan 28, 2021.

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  1. SilverHaas

    SilverHaas Member

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    I started posting on reddit yesterday that we should be squeezing the banks and government out of silver instead of stupid GME.
    This guy beat me to it
    https://www.reddit.com/r/wallstreet...lver/?utm_medium=android_app&utm_source=share
    We would get all the major companies that need it panic buying physical for a couple years supply, all the degenerates buying options and all the stocks which would cause a massive craze and fuck the banks so badly.
    It couple be the way to unshackle society from monetary control
    Silver is the money of the people
    Diamond hands guys.
    Don't sell anything at least until 3:1 goldsilver ratio
     
  2. Number 47

    Number 47 Well-Known Member

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    I'm going to sound like a defeatist here....
    Most "smart" investors don't like pm because it doesn't pay dividends and most of society isn't vaguely interest in investing in anything let alone pm, I've even seen a video of people in the street that would choose a candy bar over 10oz of silver.

    There's simply not enough of us to make a difference.

    As for 3:1, I'd live to see it but I can't see it ever being possible.
    The silver gold ratio as an abundance on earth is estimated to be between 17:1 and 19:1
    I understand that the ancient Egyptians had a ratio of 1:1 at one point but IMO in modern times the theoretical max couldn't go beyond its ratio of abundance with some adjustments for supply and demand.

    I can't se anything big happening with silver until JP Morgan are dragged over the coals like the Hunt brothers were for cornering the silver market. But I live in hope.
     
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  3. SilverHaas

    SilverHaas Member

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    Silver miners do pay dividends.
    There is also royalty companies like WPM, FNV etc... there's plenty of cash flow positive pm investment possibilities. And atm with all this stupid money printing it literally doesn't matter. If silver goes past 30$ it will skyrocket over 100
     
  4. SilverHaas

    SilverHaas Member

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    And about the 3:1
    Yes, there's 16/17:1 silver to gold ratio but silver is a better metal than gold. Gold just looks pretty
    I will dump some gold stocks and juniors to load up on July21 calls on SLV and some miners
     
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  5. Azure

    Azure Member Silver Stacker

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    That’s the point though right...
    Silver IS actually undervalued in this day and age, and awareness play a big part.
    It went to 110:1 vs gold for the first time in the post COVID lockdown crash.
    Yet, we use it more diversely as an element second only to like... Oil...

    With historic actual circulating coinage set for 100’s (sorry... 1000’s) of years of actual use AS money at between 12 and 20 to 1 with gold, yet since demonitsation we have used and wasted much of it in biocides, and nano materials, and electronic waste, there’s not the same available above ground ratio there once was.

    When is an asset visually undervalued?
    “Your choice of this slice of pizza OR.. 10000 bitcoin?” ~Pizza.
    “A hershey’s candy bar or 10oz bar of silver?” ~Chocolate.

    Remember... when people become aware and value something because others have a consensus on its place in society...
    That’s what gives it liquidity...

    When physical supply dries up and people who want it can’t get it, they turn to digital derivatives...
    Would you place a bet on bitcoins price OR buy actual bitcoin?
    Which is tied to the assets value and actually affects supply and demand?

    Real silver IS money... so it’s liquidity and ability to function in society seperate from the digital system is an established fact.

    If the reddit crowd create a stir and pile in the digital landscape and then mass exodus, it will bubble pattern...
    But if they all take a few bucks of profit and buy some physical and show it off and THAT mindset takes a hold...
    We could end up back at Perth mint waiting lists and “one per customer” limits as they increase mintage to meet demand, It’s happened before, just have to go back to 2011 to the last time it tried to break out above the all time highs.

    https://www.bullionvault.com/gold-news/silver-2011-042320145

    https://www.reddit.com/r/wallstreet...iggest_short_squeeze_in_the_world_slv_silver/

    https://au.finance.yahoo.com/news/silver-market-jitters-display-reddit-100051622.html?guccounter=1

    https://www.kitco.com/commentaries/...e-on-silver-from-Reddit-s-WallStreetBets.html

    https://en.wikipedia.org/wiki/Silver_as_an_investment
     
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  6. SilverHaas

    SilverHaas Member

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    I 2nd all you've said. This could be a major shift in society as a whole
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I bought PAAS on Thursday for a start. Wanted to get some SLV, but PAAS looks cheap. Looking at SLV again, but would PSLV be better? My understanding is PSLV has real silver while SLV is just "paper". Skipping AG, it's way too volatile. Seen how it crashed.

    Nevertheless, still skeptical if you can pull off on this squeeze. The whales and some members of the establishments are behind "bitcoin", the last thing they want is the sheeps to know silver actually has a limited supply.
     
  8. SilverHaas

    SilverHaas Member

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    Thats exactly what I think is happening.
    Elon, dalio and all pumping bitcoin because they know how small of a market silver is and are running out of time to load up even more.
    I will be buying for the next 2 months with 80% of my paycheck consistently
    Physical metal, PSLV and AG stock
    AG and SLV calls
    Thats the way to play it. We push the market up by buying out all the metal, miners and PSLV and that will push the strike of our calls towards being ITM. That will trigger a gamma squeeze on SLV and some of the miners. That will cause the establishment to buy like crazy then pump it up after theyre done buying or it changes from BUY to HOLD
     
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  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I have my doubts, and if the squeeze eventuates, I am NOT holding. I'll be playing the GSR as soon as it tightens to 1:45ish. I will swap back once it widens again.
     
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  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Don't overextend yourself mate. You will become a bagholders.
     
  11. Tokyo

    Tokyo Active Member

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    End of day most asset including etf are derivative.( even most miner is highly leveraged and still needing to dig that out ) Ones in my pocket is physical , look up “definition of derivative”
    Physical PM guys watching this leveraged monopoly show with popcorn
     
  12. SilverHaas

    SilverHaas Member

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    Everyone should have physical. Thats a fact

    I will also sell silver for gold at specific ratios. But definitely not at 45:1
    When a 1kg silver bar buys me 1oz gold i will start selling. But ill hold at least a decent part until 10:1 and will only sell all for gold in case it hits 1:1

    Silver is a better metal than gold.
     
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  13. Number 47

    Number 47 Well-Known Member

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    Hopefully I don't die waiting...

    3 or 4 billion ounces of silver in the world?
    Divided by a global population of 7.8 billion

    It should probably be valued much higher.
     
  14. Tokyo

    Tokyo Active Member

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    Did you pull that out your hat ? Or just simply copying what he or she say without looking it up you self.
    Here is my 3 minute study
    - in 2018 26.800ton and in 2019 26,900ton.
    Ok let’s say 27,000ton in 2020 that is 952 million oz

    not to mention we got above 60% industrial uses
     
    Last edited: Jan 31, 2021
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Any thoughts that SLV may detach from silver spot?
     
  16. Number 47

    Number 47 Well-Known Member

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    I searched the internet for "how much silver is there in the world" and was given several different answers. The average of which was 3.5 billion ounces. Some results showed 3 billion ounces and other showed 4 billion ounces. With such a quick internet search I couldn't be sure of my results which is why I added a question mark to the end of the 3 or 4 billion.

    As for your math, I'm getting confused
    My unit converter says,32 million troy ounces to the tonne
    According to my calcuator, 27thousand times 32 million =864,000,000,000
    That's 864 billion troy ounces, based on your figures.
     
    Last edited: Jan 31, 2021
  17. Tokyo

    Tokyo Active Member

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    It’s a metric ton .

    In 2019 we mined 865 million oz and recycled 170 million oz = 1,035 million oz total

    industrial 510 million
    Photo. 100 million
    Jewelry 200 million
    Silverware 60 million
    Physical 185 million total of 1.055 million oz

    -20 million oz in 2019 and number got wide in 2020 to -50 million on supply/demand
     
  18. Tokyo

    Tokyo Active Member

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    I am not counting all above ground supply as we not going to rob small % of hedged volts and attack China and Russia to get my silver
     
    Last edited: Jan 31, 2021
  19. Number 47

    Number 47 Well-Known Member

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    Why are you taking yearly production?
    That's not even remotely relevant to my earlier post

    I think we are on totally different pages here

    I was trying to gauge total silver world wide divided by population as an example of silvers value.
     
  20. Tokyo

    Tokyo Active Member

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    Yes i believe you not on same page if you think 1ton is 32 million oz . Hey I’m here to speak correctly, feel free to block me if you having hard time with me.
     

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