Reddit #silversqueeze redux
- Thread starter 66rounds
- Start date
Anyone who thinks buying metals will kill the great reset has delusions of grandeur. I wouldn't be surprised if it precipitates their goals.
shinymetal
Well-Known Member
If enough people do it and it's sustained for long enough it could.
If a decent percent of people moved half their crypto gains into silver it might do something.
If a decent percent of people moved half their crypto gains into silver it might do something.
Honestly, why on Earth would we do that?
shinymetal
Well-Known Member
To squeeze silver.
Stackem High
Member
The Silver Squeeze is Working - Part I
https://doomberg.substack.com/p/the-silver-squeeze-is-working-part
https://doomberg.substack.com/p/the-silver-squeeze-is-working-part
Millennial Engineer
Well-Known Member
TLDR:
Bankers chuckled on intial Silver Squeeze in Late Jan 2021, as knew piling into Bars would not affect silver price and SLV is used against the price of silver.
WSS formed and the members came to the conculsion to buy PSLV, to act as sort of combined buying power doing what buying SLV should be, which has increased by 60%, not slowing down as 80K members now
Waiting on part 2.
$3B into SLV. Makes you wonder what could have been.
Pricey!!
Millennial Engineer
Well-Known Member
yep,
You live you learn and discover. I think Happy Hawaiian funnelled people to SLV, but he has learnt his lesson on that and by doing so 80k apes learnt that. However I don't think this is a one shot thing, with the way the world is at the moment I'm sure another sizeable attempt would be made sometime at PSLV or even better LBMA bars.
Also if I get some spare time, its rainy this weekend in Perth. I wanted to compile a premium tracker from 2020 and if not 2015.Over a vairety of products. Perhaps I could apperciate the low premiums in the AUS more that way..
Unless 2020 Roo's are especially collectable... BN is usually AUD4-5.00 oz cheaper on the the more common silver mint coins for sometime now. BN banging out 2021 Roo's lately at AUD41-42.00 range...Still plenty even on line.
Looks like that 80K members number from yesterday will become 90K members today :O
Millennial Engineer
Well-Known Member
Just in Time for the 5 year anniversary of Harambe's Death 28th of May 2016, and to overtake R/Silverbugs at 83.4 k members to be the largest silver group on Reddit.
Millennial Engineer
Well-Known Member
https://www.wsj.com/articles/biden-expected-to-propose-6-trillion-budget-11622143127
I just saw this one, Probably won't be 6 trillion when all is dotted and crossed but somewhere in between. Way to give a boost to the WSS Apes'momentum on Harambe's Anniversary Joe.
I just saw this one, Probably won't be 6 trillion when all is dotted and crossed but somewhere in between. Way to give a boost to the WSS Apes'momentum on Harambe's Anniversary Joe.