/biz/ - Business & Finance

>>21191384
SLV adds another 500 TONS of silver to its golden mountain of silver

SLV acquires another 5000 tons of silver. Stay frosty neckbeards

>>21136373
Get something real like SLV they just bought another 5000 tons of real 1.0 physical silver, not that fake.7 silver the stacklets buy

SLV buys another 4000 tons of SLV. And since its paper silver and doesnt weigh much ((( even though the jews armored it for free with JPMorgan guarantees))) that's over 300 billion ounces possibly more silver than exists in the world!


>Since May 12, SLV goes up from 15.6K tons to 19.6K tons, a gain of 26%. Though of course, not all of them are Robinhood investors. A big price move will attract speculators ranging from rank amateurs to sophisticated professionals. For sure, some of this tonnage was added because of Robinhood investors, but we would not credit (blame) the added metal to any one class of speculators.
At today’s price, 4,000 tons is a bit over $3 billion. That’s a few hundred thousand people. So we can form some conclusions. One, this is a tiny group of people. If silver fever catches on in a larger group of traders, the price could indeed shoot up to multiples of what it is now.
Two, this is not a sign of the end of the dollar system. When the dollar is failing, and we plunge into the abyss of permanent backwardation, people will not buy exchange traded funds or futures. Only real metal will do. It will be Armageddon. Right now, it’s not the end of the world, though such a Narrative may help convince people to use SLV as a chip in the Fed’s casino to make more of the dollars they say they hate.
Three, although buying of SLV shows up as a drop in the silver basis (the fund buys bars of metal and stores them), 4,000 tons of silver is not a lot

SLV acquires another 500 tons of silver. Stay frosty neckbeards

>>21113606
The great thing about slv is you know what you are getting.

Since May 12, SLV goes up from 15.6K tons to 19.6K tons, a gain of 26%. Though of course, not all of them are /pmg/ investors. A big price move will attract speculators ranging from rank amateurs to sophisticated professionals. For sure, some of this tonnage was added because of 4channel gamblers, but we would not credit (blame) the added metal to any one class of speculators.

At today’s price, 4,000 tons is a bit over $3 billion. That’s a few hundred people. So we can form some conclusions. One, this is a tiny group of people. If silver fever catches on in a larger group of traders, the price of SLV could indeed shoot up to multiples of what it is now. It's almost guaranteed.

Who comfy? Me and SLV

Imagine not being comfy with your 20,000 ton mountain of real silver. Equal opportunity doesn't mean equal outcome newfag