/biz/ - Business & Finance

>>28581450
About 25k + some fancy watches but I'm only 24 and no debt.
Interesting assets are fossils and semi-rare coins. Believe it or not, the coins and watches have appreciated significantly in recent years since rich boomers and hypebeasts running up the prices.
Eyeing a shabti to add to my curio collection.

>>27111479
In 1980, the Hunt brothers (sons of Texas oil tycoon H.L. Hunt) attempt to corner the world silver market. At the peak, it is estimated that they held 1/3 of the circulating silver supply, and they pushed the price per tr oz from $6 to $49, an increase of over 700%. Silver has never reached that price since. This event was known as Silver Thursday and the brothers suffered slight damage to their reputations and had to pay civil damages of $134 million (possibly more, idk).

In 2021, silver has now emerged as one of the "meme" investments; #silversqueeze is trending on twitter in several countries. This is on top of a massive increase in consumer interest in bullion over the past thirty years. However, silver's price has barely budged, still being lower than in August of last year. Can someone explain how, in a year with low production already due to covid-19, that thousands of retail investors are barely making a bump in the price of metals, while a handful of rich investors, who only had a collective net worth of $15.3 billion, were able to cause a bubble? It is known that there is manipulation in the metals market (J.P. Morgan was fined $920 million last year), but this seems irregular.

It should be noted that I have not changed my holdings at all in regards to commodities, I don't look to profit from this (although it'd be great if I did). Just looking to get a clearer picture.