/biz/ - Business & Finance

They can manipulate the price down all they want. I love it because I get cheap silver, I have full confidence in the slingshot effect of being held down for hundreds of years and particularly in the last 100. Did you know at the 1980 high less than 500 ounces would get a decent house in America.

>>26790621
Silver probably is the best short-squeeze play ever.
So if they get that, I guess the rocket will take off.
Not sure how easy it will be to move the market cap though, I mean silver market can't be as small as GME.

DELET THIS RIGHT NOW

Silver short squeeze will cause a war. JPMorgan will ragefuck every single human being in this planet.

Quick reminder if you were doing this with Gold or Silver shorts on delivery, you wouldn't just be pissing off a few greedy investors, you'd be able to crash the world economy overnight (with no survivors). Plus you wouldn't have the international issue of stock accessability - since everyone can get into PM deliveries.
Yes, you do have that much power, and yes, it's in a more precarious short position than GME was to begin with. And no, there's nothing they could do to stop it - you short, the crash happens; they try to stop you, systematic bank run occurs, crash happens
They don't care about muh 91 billion (91,000,000,000). Even if GME/AMC goes to 10k, they will pay you what they fucking owe. It's chump change. Especially compared to the ~1 quadrillion of total currency (1,000,000,000,000,000) and complete loss of control that's at stake if attention were directed elsewhere. It's not the money, it's the message

Fuck what leddit says. There's no use trying to deny leddit is fucking retarded; but just keep that in mind, for if this retains any directionless momentum afterwards (don't try to derail the train while it's chugging at top speed). It only takes a few persistant autists to kick a post to the top of the leddit and steer the tard-train into doing something fire-rising

>inb4 but I don't want the global economy to crash - I like my bread, circus and soma as is
Look how they're already treating you. You're less than fucking dirt to them, you know it, they know it, and it's quickly approaching the point where they're so secure in their power, the plebian underclasses will never get a chance like this again. And when that happens, they don't need to pretend.
Either ways you'll be getting bread lines soon. The time to avoid that long passed with the Boomers, X'ers and Milennials doing their sum total of fuck all. The question is what future you want to leave behind with them

tl;dr the 4chan pranks in 2011/2016/2021 image could have such a better thing for 2021

>>26792180
silvers marketcap is just $232.17c

>>26792180
i doubt someone will wage war on JPMorgan and their silver...
not even WSB would be so brash as to switch to it now. not to mention it has basicly 0 meme-potential so the masses wont play along

You /pmg/ boomers are a literal embarrassment.

just bought another 20 oz of silver

buying 10K SLV on open

>>26790621
If we fight JPMorgan we WILL lose those kikes dont fuck around they will put BILLIONS into fucking anyone who tries to fuck them over.

>>26791125
This is what it comes down to with silver. It'll be relative to assets, not money.

Stop thinking 1toz = xxxx amount of dollars
When they stop manipulating this, it'll be
1toz = 100 men labor for a year
Or 20 houses, etc, etc

Please fucking stop I just liquidated over 1000 ounces of silver at $25. Going into BTC. If this shit starts popping I will be ruined

how do i buy silver

>>26790621
Going against JP. Morgan. maybe flip 1 or 2 shitcoins before?

>>26792598
Go to the silver store

>>26792666
how do i buy silver with money not backed by silver

>>26792718
buy SLV that's 'supposedly' the target

>>26792666
ok cool thx satan

>>26792270
lol jp morgan owns e trade. GL.

>>26792545
I WANT MY SILVERBACK

>>26792598
JMBullion

>>26790621
https://www.jmbullion.com/investing-guide/james/paper-vs-physical-metal/
https://en.wikipedia.org/wiki/MF_Global


Get Road to Roota to organize a sting against the silver fraud,
he says they suppress the price of silver by throwing money at silver futures
450% fuckery compared to the Melvin 130%

>>26791125
>Did you know at the 1980 high less than 500 ounces would get a decent house in America.
I had more than 500 ounces and it certainly wouldn't buy a house then. You couldn't even sell it at its high, nobody would buy it.

>>26792545
Going to $1000 baby.

If this short squeeze takes off, should I be buying the ETF or taking possession of physical silver?

I have some silver I bought last year buried in my garden, so would be happy to buy more

>>26792782
nvm it's the other morgan

Explain this to me as if I was a retard

Trying to short squeeze SLV is a fool's errand. You need to either buy physical metal or something backed by actual silver, like PSLV

I have a fuckton of silver quarters and dimes back when my father worked with money and traded them out for shitty silver quarters and dimes. Maybe around a few hundred dollars worth AM I GONNA MAKE IT? I was hoping to get like 1000 oz of silver to shove in a safe somewhere after ive finished with all my crypto stuff, but this shit is accelerating too fast.

>>26790621
Why is reddit so retarded?
You dont squeeze paper contracts.
You stand for delivery.
Ffs

Platinum Price Last Week
Current Price £25.13
Week High £27.19
Week Low £24.93
Week Change £-1.12 (-4.26 %)

___

Silver Price Last Week
Current Price £18.38
Week High £18.97
Week Low £18.11
Week Change £-0.49 (-2.58 %)

____


Gold Price Last Week
Current Price £1,347.23
Week High £1,365.27
Week Low £1,340.63
Week Change £-17.13 (-1.26 %)

___


Palladium Price Last Week
Current Price £1,696.00
Week High £1,769.00
Week Low £1,693.00
Week Change £-57.00 (-3.25 %)

___


Bitcoin Price Last Week
Current Price £22,858.36
Week High £25,485.32
Week Low £20,979.91
Week Change £-2,224.17 (-8.87 %)

>>26792441
No only pslv. It forces physical buy. Slv is paper

>>26793032


They oversold Paper Silver - over it's physical availability - Shorts

Call their bluff and purchase physical silver which is heavily required in the Military Industrial Complex, Silicon Valley, Big Tech, Industry - as they are artificially keeping the value low

>>26792937
Physical first, pslv and miners second

>>26790621
NOONE is buying silver you ABSOLUTE retard

EDIT: SHORTS ADDED 6O MILLION OF VOLUME YESTERDAY XD
https://twitter.com/cleveru06419900/status/1354707280265154560
I have posted this in other subreddits before, hope it's okay if I share here:
- This stock was more than 7$ before COVID-19 (And before GIGANTIC amounts of quantitative easing inflated the dollar) and over 20$ a year before that.
- Box office sales hit record highs in 2019
- Streaming TV/Movies did not replace "going to the movies". Box office sales hit records high in 2019 and watching movies at home had been a thing for decades.
- AMC is not going bankrupt this year as of yesterday, 900m loan secured + 250M$ through stock issued. So they have PLENTY of runway.
- Large amount of movies are ready to be released in the cinemas
- People have spent the past year inside, they will be eager to do go out things
- Short interest at 60%+ of float, potential short squeeze happening
- Many 7$ calls expiring Friday, this will take off like a fucking ICBM
- A lot of smaller competition wiped out due to COVID
- Even without the short squeeze, this is a buy and hold opportunity. Could easily go back to the 30$ it was before COVID.
- WHATS FUNNY? The more this stock is worth, the higher the value of the underlying company BECAUSE THEY CAN ATTRACT CAPITAL MORE EASILY. THEREFOR THEY WILL SURVIVE THE COVID CRISIS EASILY!
TV didn't kill the cinema.
DVD didn't kill the cinema.
Streaming didn't kill the cinema. I can cook myself, but I prefer to eat at a restaurant. Same thing goes for watching movies, and the statistics support this theory!
15$ is a FAIR PRICE for this stock! But we are heading into Short Squeeze territory soon. https://www.marketbeat.com/stocks/NYSE/AMC/short-interest/ 38MIL short, 52MIL outstanding shares.
The short interest was LAST REPORTED END OF LAST YEAR. THEY PROBABLY SHORTED SOME MORE SINCE, LIKE THEY DID IN THE MONTHS BEFORE.
Some interesting charts here too: https://i.imgur.com/CflmLJa.png

>>26793181
THAT'S THE POINT BRAINLET IT WOULD CRASH EVERYTHING

can someone explain to me exactly how jp morgan makes money by keeping the price of silver down?

>>26790621
https://youtu.be/4xJ5HXIRiKc

>>26793324


________________________
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The most reliable industry estimates seem to agree that there are around 3 billion ounces of . 999-fine silver in circulation around the world.
________________________
**********************************

>>26792758
You can't redeem SLV for silver bars unless you have a billions worth. You would have to collude with people to physically redeem.

https://seekingalpha.com/article/289219-stay-away-from-the-slv-etf

>>26792545
Relax. Bitcoin hasn't even reached it's full potential yet. $300k eventually just hodl.

>>26793697
what about pslv

Buy physical silver, eye of the needle time on Exeter’s pyramid

What about platinum, it looks cheap on gold ratio as well

Ok

>>26792315
>Quick reminder if you were doing this with Gold or Silver shorts on delivery, you wouldn't just be pissing off a few greedy investors, you'd be able to crash the world economy overnight (with no survivors). Plus you wouldn't have the international issue of stock accessability - since everyone can get into PM deliveries.
the plan
Buy silver on paper and instead of selling it on paper, you get the delivery.
this will dry up the supply, drive the price up, and wreck the short positions
in fact we shouldnt really pull the trigger until they make their suppression moves.
this way when they flex, our move will be the last one before the contracts get completed

>>26793957
Not trying to crash the economy. I like silver on paper though where would I buy this silver on paper?

>>26793957

They will not let this happen to silver. They’ll start bleeding people try, lobbying for rent and %increases across the board. Go down load the big silver short. It’s a proper thing

>>26794072
>Not trying to crash the economy.
Bitch

>>26794072
i never did that watching this now
https://youtu.be/4xJ5HXIRiKc

>>26792382
Silver pepes, wsb might not be that brash but 4chong is

>>26790621
DXY is bouncing.
Emerging markets are all pointing down.
thinking about tethering up.

there's a lot of silver out there and the banks can manipulate it because they hold most of it.
I hold some, just because the meme dream could come true.

But here are my memelines from last year.
could be yuge.

>>26793957
You can't do that with SLV, not sure if short of this % exists on PSLV. PSLV is also redeemed lower than actual worth but that explains why PSLV is 1/3 the price.

>>26790621
You can't short squeeze silver because the way the contracts work you can literally sell unlimited future silver to crash the price (which is what they do). The only way to squeeze them is to take delivery, and there ain't enough folks willing to go through all that.

>>26793718
I went 50/50 silver/bitcoin in 2017 FML just barely started dumping my boomer rocks. Btc stock to flow will be unbeatable. But after seeing GME, feels like anything is possible

>>26794139
the point is they would have to deny delivery and therefore expose their fraud
just spend a few thousand on paper and accept the delivery
im not sure the best way to do this and i already own silver.
They will technically have to shut down derivative trading

>>26792539
What makes you think they'll stop manipulating this?

I can only buy SLVR, TSLV or SSLV. I have no idea what I'm doing but I wanna help out and get richer in the process. Would these work out if I bought them?

>>26793450
There is more paper silver traded than actual silver on the market, does that scenario sound familiar? They're shorting and suppressing the shit out of silver that hasn't even left the ground yet

>>26794278
Exactly.

>>26794316
The terms in SLV prevent delivery.

https://www.roadtoroota.com/public/programs/search.cfm

350 million x one thousand
thats how big the losses would be from 4 too big to fail banks.

>>26794499
>>26794567
so the other option would be just to buy all the silver you can?
this way the shorts will have to increase substantially to keep the price down?

>>26794496
how do they profit from that though? it allows them to buy the actual physical newly mined silver at cheaper prices or something? and later when it runs out they will stop shorting and it will be worth a lot more?

>>26794672
its price suppression to hide inflation
this keeps the money they make hand over fist worth something

>>26794278
Weirdly enough taking delivery of actual silver bars seems meme worthy enough to shill the idea. If anything normies like the idea of hoarding shiny rocks as opposed to figuring out "stonks"

>>26794722
>Inflation
The dollar isn't backed by silver though

>>26791125
Did you know I am absolutely insane?
>>26792382
The masses are not rational.

>115oz of silver holder here
The question is, what will be too high where no one will buy it? Or will Comex and the like be forced to buy my bags no matter what to cover their asses on the contracts?

>>26794648
One problem. No leverage.

>>26792889
You could literally sell bullion at the bank in 1980 you fucking liar

>>26794722
doesn't the 1% have like 50% of the money or something? so doesn't that alone hide inflation because they don't/cant spend enough of their money to recirculate it back into the economy and that money sucks up the rest of the money in a snowball effect which makes the dollar stronger? which means that they have to print more money which eventually gets sucked up by the 1% in a continuing cycle that gives them more and more money and retains it's value for the most part since they dont spend enough of it for it to effect the economy?

>>26792382
>0 meme-potential
They should bill it as "The Real Great Reset"

kek at silver. Gold is the only metal.

>>26795169
History says otherwise

Gold

Silver

Platinum

Buy

$1,841

Sell

$1,839

Buy

$25.22

Sell

$25.16

Buy

$1,060

Sell

$1,050

>please pump my boomer rocks too now internet kids

>>26795105
Or maybe "The Greatest Reset"

>>26794762
Fucking oath anon I'm gonna feel like a fucking baller rocking up to the my local mint, booking a meeting and handing over $20k to a babe who's gonna bring me a fucking case of Silver Bouillon. Way more fun than clicking buttons on an exchange.

The average joe investor who has got rallied up by the GME situation is gonna fucking LOVE this.

>>26795030
holy fuck this retardation actually makes sense

>>26795105
I'm cooming already, /pol would love this too. Imagine the unholy trinity of /pol, /biz and Reddit causing the most epic exposure of fraud in the History of mankind and causing global financial reset

________________________
**********************************

Is summation, there are about 2.5 billion ounces of gold bullion above ground today in the world.
________________________
**********************************


________________________
**********************************
The most reliable industry estimates seem to agree that there are around 3 billion ounces of . 999-fine silver in circulation around the world.
________________________
**********************************


About 244,000 metric tons of gold has been discovered to date

________________________
**********************************
Most of that gold has come from just three countries: China, Australia, and South Africa.

>>26792180
>>26790621
Its baffling how little you fags know about PM stocks. The futures market price derives the value of underlying physical asset in case of gold silver and not the other way around.
They made it un manipulable.

>>26790621
That would be cool I have a few pounds of it at home. I was going to sell at 30 dollars but it never got there.

Is it better to buy actual silver at 33 dollars or SLV at 25?

>>26796865

actual silver

>>26792382
jp morgans silver, if real is just what backs the SLV fund.
It's not owned by JP Morgan, they are just a custodian.
SLV and JPM stinks.

I suggest to invest in PSLV instead. Owner is Eric Sprott life long PM guy. Custodian is the royal canadian mint.

Between Blackrock + JPM and Sprott + Canadian Mint, I know where to put my money.

>>26792441
No SLV only PSLV or physical.

>>26793032
>JP Morgan shorts silver stock
>plummets the price of silver on paper
>In reality silver is getting harder and harder to get
>doesn't matter because everyone believes in the stock market
>JP is also simultaneously acquiring physical silver and silver mines for cheap
>eventually if everyone starts buying and holding physical silver the jig will be up
>all the retail investers of "bullion" (gold held by the mint in trust for you) will realise that they have been scammed and there's no money in the bank(gold in the vault)
>JP morgan will then take their physical metals and make a fortune, purchase all the mints for themselves (after they go bankrupt of course) and then control the NWO metal backed currency as they hold it all
>nothing about your life will change ecept that you will have a new master

essentially, by buying physical silver you are speeding up the train to the new paradigm

>>26797055
Fucking robinhood doesn't have PSLV. Sounds like they're trying to hide it from retail investors for some reason, which makes it seem like the legit play. Guess I'll be moving more to using vanguard after GME is squeezed.

>>26792758
No you morons.
You buy PSLV or physical, you want to cause a disconnect between paper and physical price.
A real life global shortage that will cause factories that need silver to withdraw real silver for delivery from the lbma.
They will then figure out there isnt enough.
Boom goes the dynamite.

>>26796865
If you dont want to store your only option is PSLV.
SLV is a jewish operation with jewish tricks.

>>26796142
That's my thoughts, holding 1oz silver coins just feels fucking satisfying. All this technology but our monkey brains still love shiny rocks

>>26792441
>>26797893
>>26793115

>>26792758
>>26792441
SLV is a fraud, DO NOT buy SLV, it helps the bankers. No audits and only THEY can take delivery. If you don't buy physical coins then either get Sprott's PSLV (which IS backed by physical) or buy "AG" (First Majestic Silver). 30% of the float is shorted by the banks because Keith Neumeyer stands up to the COMEX. That's the same as Volkswagon before it became the most valuable company on earth.

>>26798081
>SLV is a fraud, DO NOT buy SLV, it helps the bankers. No audits and only THEY can take delivery.

Picture related.

>>26797557
>NWO metal backed currency
pure delusion, even if you think btc is shit if you think the beast system won't have a digitized currency you're completely tripping

>>26796931
>>26798081
I was wanting to stay away from kikery, I'm gonna buy 60oz later today. Thanks frens

>>26790621
The stack just got 10oz higher. Fuck this gay earth. Crash it.

Europoors can buy Wisdomtree physical silver.
I think that ETF is legit and continuously audited.

wise thing to do is locking in some of those meme stock gains in shiny silver oz. all the better if it can squeeze out more shorts.

>>26790621
it's undervaued but it's not over-shorted

>>26790621
mfw I work for JPM, please dont make me redundant lads

>>26790621
WE NEED A 4CHAN ROUND THIS INSTANT

>>26792270
>>26792463
>>26792637
>>26792382

Hello demoralizing shills desperately trying to get the train back on rails

JP has covered their shorts according to the following:
https://silverseek.com/article/silver-shorts-last-stand

COMEX is empty according to this autist: https://www.desogames.com/shadowcontracts-and-a-history-of-comex-manipulation-in-2020/

>>26794863
once more people ask for delivery, they most likely change the rules (again). once a critical mass is reached, the jig is up and they have to default on delivery. not sure if theres some clause in the futures contract that will allow CME to weasel their way out of that

>>26793324
how much do you lose in comission/production/transportation fees etc when you buy physical silver or gold? Or can you buy physical gold but have it stored in a vault on the other side of the world?