/biz/ - Business & Finance

>>27341417

Reddit is absolutely seething right now that silver is taking away steam from their precious GME pump and dump.

How does it feel to be back on top /pol/? I mean I was getting worried there for a second, but reddit is officially back to being fake and gay. The mods on WSB are promoting conspiracies that Citadel owns all the silver in the world and that there's an invisible $1.4 trillion market for silver bullion which doesn't exist (it's at most $40 billion and has basically evaporated overnight).

When robinhood stopped them from buying Gamestop, the whole world was shocked. When bullion sellers stopped selling silver everyone thinks it's just "run out", LOL.

The squeeze is in. Now all the retailers are scrambling to go long on futures and the spot price is going to climb by $2 per day.

It's too late to get in on the action and reddit is seething.

Here’s the best part, a silver squeeze takes out two of our enemies, Goldman kikes, as they are massively shorting silver which would probably lead to a 2008 style collapse if they get squeezed hard enough and best of all reddit will take the blame for this all becuase if you search silver squeeze News the media is already blaming reddit.

>>27341449
kys kike

>>27341417
Shut the fuck up retard.

>>27341417
So what you’re saying is I can only own one or the other?

Lmao who the fuck is buying silver if the economy crashes

Buying metals is an ABSOLUTE meme

>>27341417
>inflated silver prices
These are suppressed silver prices

>>27341417
DONT BUT SLV RETARD BUY AG

>>27341417
this isnt even bait man, you're downright retarded

>>27341417

>WSB front page says silver pump is a scam

>Citadel fud

WARNING. We showed in /pmg/ that the original WSB silver thread recommended AG and PSLV, then it got wiped off the face of the earth by the moderators and replaced with an SLV shill thread. The first link is the original that got wiped. You can't see the text any more but the OP edited the post to say "Buy AG and PSLV, not SLV."

https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/

This is the thread up there now, an SLV shill thread that tells people _not_ to buy PSLV or AG.

https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/

The bait and switch with respect to Citadel being long SLV is a false flag. Yes, Citadel is long SLV. This is why we keep saying and have been saying since the start of last year that all you do by buying SLV is put money in bankers' pockets and let them dump more worthless paper on your head. The COMEX can't print fake silver to meet demand, if they don't deliver when asked for delivery it's a default and silver immediately goes to $1000. SLV is where they can print infinite shares because nobody can take delivery on SLV except the very same banks who are shorting silver. Hence why people need to buy PSLV so that Sprott can keep draining the COMEX, or AG so that Keith Neumeyer can continue to refuse supplying it.

I'm buying SLV on Robinhood. AMA.

>>27341449
it thinks it speaks like us but we can smell it from a while away

>>27342392
What’s your IQ?

>>27342739
I understand everything that happens in Rick and Morty.

>>27342392
how much will you pay for my foreskin?

>>27342940
Nothing. You'll give it for free.

>>27341509
Fuck you nigger heagefund<banks
Fuck wsb redditfags who are 97% nrainlets

>>27343100
in your dreams, rabbi

>>27341449
I’m
Never
Selling
GME
Kike

>>27341449
>Same pasta over and over
I thought you might be legit at first but having seen you post this at least 3 times, it's clearly a script. Holy shit, I'm buying GME if you're this scared and desperate.

>>27341449
Based

>>27341417
The Jew is paying Judas to betray Christ. How much silver is it going to take Goyim?

>>27341417
are these people aware that >50% of GME is owned by financial institutions

>>27343334
skitzos are everywhere.

Buy silver

>>27341417
Yes please believe that
I haven't filled my silver bags yet and the supplier are having shortages

>>27343334
This literally isn't even a bad thing. They could actually afford the squeeze if that were true. And it's not.

Agree, If you want to do the most damage possible to these fucks pump GME first to force them to liquidate other assets to cover. And THEN pick up silver at a discount when they have to sell it. If you pump both silver and gme you are giving them a bigger margin to withstand the shortsqueeze, and obv, by more money going into silver, less will go into gme. Concentrate the powers in one move at a time, dont dilute the strategy or it will fail...

>>27341739
Yes, when armies fight in the battle field, they are financed by GME stock and cryptos and not gold or silver. 10,000 years of human history can go suck it, right fellow magapede? Shadilay!

>>27344167
Die redditfag there are only 3billion oz of silver in the world at current spot prices thats only 90billion bucks bit the market cap is $1.422 T. The numbers don't add up

>>27344030
You’re trying to hard mate might I suggest a subtler
>IS IT TO LATE TO GET IN????

>>27344605
m8 I was talking about the image

>>27341417
i sold gme at 365 (all day) and made a pretty penny. i'm going to dump all my gme gains into ag and pslv at market open. around $70k

>>27341449
>Pump and dump
It's afraid and praying on people who don't know what a short stock is.
https://www.youtube.com/watch?v=gV4MzP-QHt4

>>27344906
I am thinking of doing the same, worried about trigging the day trade limit though

>>27344906
Markets for silver are already open.....

>suppress GME
you realize you should have already exited GME at a massive profit at 500?

>>27341417
WE DONT GIVE 2 FUCKING SHITS ABOUT "LE TAKE DOWN THE SITAEDELLL!!!1!"

Fucking normies ruined WSB with their self righeous bullshit. it was never about sticking it to the man and I cant wait for "the man" to fucking hammer all these retards into oblivion

>>27344517
Humans didn't have the internet for 10000 years. Time to alt+f4 anon, you're not allowed here.

>>27345105
This wsb original fags is 100% retared capitalist gambling now its full of fags saying we used capitalism to defeat capitalism

>>27341509
>>27342533
>>27343522
>You have to go back

BUY BUY BUY, BUY BUY
BUY BUY
I'M DOING THIS TONIGHT
YOU'RE PROBABLY GON' ALERT THE KIKES
I KNOW THIS IS MY RIGHT
HEY JANNY COME ON
I CVCKED YOU ENDLESSLY
WHEN YOU WEREN'T A TRANNY
BUT NOW IT'S TIME TO ROB BULLION BANKS WITH MY PHONE
I KNOW THAT I CAN TAKE MUCH MORE
IT AIN'T TOO HIGH
I SEE YOU ON THE TRADING FLOOR
JANNY BUY BUY BUY
BUY BUY
DON'T WANT TO BE A TOOL FOR YOU
JUST ANOTHER GOYIM IN YOUR GAME FOR JEWS
YOU MAY BAN ME BUT IT AIN'T TOO HIGH
JANNY BUY BUY BUY
BUY BUY
DON'T REALLY WANT TO RILE REDDIT UP
I JUST WANT TO TELL YOU THAT I HAVE ENOUGH
MIGHT SOUND CRAZY BUT IT AIN'T TOO HIGH
JANNY BUY BUY BUY

>>27341417
>GME is an extremely bizarre situation and is working
>As long as GME buying and holding remains consistent and steadfast the situation will likely continue
>Retarded peasants literally go chasing shiny objects

>>27345029
they truly believe the 10k meme... this is what happens when you get too many rookie "traders" who believe what they hear on the internet

>>27341417
Hey guys, I'm dropping in from /r/wallstreetbets to warn you about silver.
Buying silver will support Citadel and they need every cent to fight our effort against their shorts on GME.
Please, if you can, support us by selling all your silver and pump up GME with us.

>>27345468
We can do the both faggot. They are not opposed.

>>27345249
I miss it. was the only place on reddit I could coexist in because of the 4chan-esque culture. I fucking hate normies

>>27345468
>>Retarded peasants literally go chasing shiny objects
Yes,

>>27341449
BASED, make sure to blame reddit for the silver shortages while accumulating so that WSB gets banned and goes to jail while we make a profit.

>>27345528
GO BACK YOU ABSOLUTE FAGGOT

>>27341449
shut up melvin

>>27345549
Of course you can. Splitting your efforts between something that is working and a fucking shit tier investment with a much larger market cap for "hurr durr shiny rock is money" cannot possibly go wrong.

>>27341417
>thinks citadel, jpm, etc own physical silver


Oh zoomers....

silver is up 8% since last spring. gme was up 5000%. these penny investors are not gonna get rich investing in silver

biggeset silver holders are banks and hedge funds, they are fudding it. soon they will dump on you

>>27345667
HI MELVIN, IM NEVER EVER SELLING GME.
I’m calling grandma to sell her silverware and buy GME, what do you say about that????

>>27345712
prove that they don't

>protip: you can't

>>27341449

>which would probably lead to a 2008 style collapse if they get squeezed hard enough

Picture related.

>>27341417
honestly, I'm just betting that more people will buy silver now and I get an easy 15%. I don't care about GME and I don't really care so much about silver but I do care about someone buying my bags.

>>27345528
you have to go back but you are right, /biz/ is being attacked by bots to spam silver while the entire supply is in the hands of the hedge funds.
i'm okay with pajeets taking their money on uniswap because maybe some use it to install an actual toilet, but scamming people here to fund hedgies is absolutely discusting.

>>27345828

>>27345820
There is literally not enough silver in the world to fill the $1.422 T. Market cap

Redpill me on AG stock
Also why is it doing better than AGQ?

>putting money back in the pockets of hedgies you are trying to squeeze
I've seen enough of 2021.

guys i have an idea. what if i hold both GME and SLV?

>>27341449
This reminds me of the time /pol/ tired to ID who was behind the Boston Marathon Bombing, speculated it was some missing college student, Reddit takes it and runs with it, turns out to be wrong (suicide), and ends up taking all the blame for harassing some dead college kid's family.

Reap the rewards of crashing the market by getting in on precious metals, leaving reddit with the bag and literal meme coins.

>>27345903
The zoomers don’t understand that the $1.4T “market cap” includes 200x naked shorts, basically counterfeit silver certificates. The real market is $40 billion if you include things that aren’t even liquid.

>>27345820
https://www.cnbc.com/2020/09/29/jp-morgan-settles-spoofing-lawsuit-alleging-fraud-in-metals-trades.html

>>27345903
Thank you
btw fuck the banksters i'm buying this beauty today

>>27346146
Kek

>>27341417

Silver should be $1000 an ounce on the basis of,

1) The average historical wage, from Graeco-Roman times to the early 20th century (about 1/10th of an ounce);

2) Given that 1980 was simply an exposure, by the Hunt Brothers, of the true price of silver when the derivative market falls apart, the 1980 ATH adjusted for real inflation (which is $966 according to ShadowStats);

3) From calculating a DGR of 1:1 and a GSR of 1:15, as we had also in 1980 (1:15 is simply the normal historical average for silver; and the mining ratio is even 1:8);

4) The short positions of the banks. GME was 140% short; owing to the big 8 banks, silver is 50,000% short;

5) Common sense about the rarity and usefulness of silver. Almost no stockpiles (governments have only 3 weeks' mine supply), annual investable supply is only about 100 million ounces, less than a $3 billion market cap or about the same as GME before the squeeze. And yet silver is critical for modern life. Mining insiders say that pretty much all high-grade silver deposits are now gone. Silver is so rare that owning 60 ounces ($1500) puts you in the top 1% of owners. Owning 30 ounces of gold ($55,000) puts you in the top 1% of gold-owners. Gold is also mined at a mere 1:8 ratio with silver. Yet the GSR is 1:70. The historical average is 1:15: some say 1:10. The artificially suppressed price of silver is causing it to be consumed so fast that if we don't squeeze silver to $1000 soon, the world might simply collapse into a new Dark Age.

>>27341417
Dude, goldbuggery is historically about enriching (((Finance))). Silver is the common man's specie

>>27345528
How exactly does them having more money help them avoid pumping GME? If they have to cover their shorts then the price will pump. They only have to cover the number of shorts they have. If they run out of money then go bankrupt and DONT HAVE TO COVER THE SHORTS. This is the smoothest brain take even if it were true, which it isn’t.

>>27341449
>/pol/
God you're retarded. But it is kind of funny that we're stabbing them in the back to get in on the next train. Kek. I don't give a fuck about their Holy war I'm just here to make money.

>>27345114
whooosh!

>>27346147
Nice work mate. The zoomers think the funnel above is the real market not knowing it’s the one below.

>>27346238
Stop asking stupid questions shill.
Silver higher means Citadel richer
They can sell their shares and buy our game stop shares.

DIAMOND HANDS
DIAMOND HANDS
DIAMONDS ARE BETTER THAN SILVER
SILVER IS A FUCKING BOOMER ROCK

>>27346431
I don’t understand why the gross amount traded is the number being used here, and not the net amount

>>27343843
Are you aware that 10x the amount of Milton's debt is owned by invesemt banks whom if they default will crash the whole economy?

>>27346237
Maybe OP is correct though. Imagine a big miner who wants to sell 100 ton years production ahead of time, because he likes the current price. The will hedge it via Comex futures, because this market is available in that size.. Meaning the whole market is paper derivates. No contract that I know of promises retail to be delivered in physical.

>>27346551
those are the things anyone who understands this situation at all would have thought given your statement. Do you have a room temp IQ?

>>27346568
Because futures are derivatives it is an indication of the overall leverage.
Most contracts cancel out and are settled via cash... but what if 0.01% take delivery?
See the issue?

$ 30 silver is dirt cheap, this is just beginning

"It's Been Nuts": Silver Surges Most Since Lehman Bankruptcy; Hits 7-Year High Over $30

https://www.zerohedge.com/commodities/its-been-nuts-silver-surges-most-lehman-bankruptcy-hits-7-year-high-over-30

>>27346676
DONT CARE
IM NEVER SELLING GME
DIAMOND FUCKING HANDSO

>>27345528
You have to go back

>>27346713
But the number should still be net not gross, because the issue is the paper gold at the end not the trading volume

>>27341417

>>27346797
It doesn’t matter if you sell or not, the price only goes up if people buy. If the shifters spend all their fucking money on interest to the Jews who lent out the shares they will go bankrupt and never cover anything

>>27341417
It ain’t no jewish trick. You’re just jealous of my stack.

>>27341449
>and best of all reddit will take the blame for this al
But I want the blame

>>27346214
what is this nonsense of shorts? most banks and hedfefunds are long as fuck. there is no manipulation that is bullion dealer / gold bug day dreaming

>>27344260
>>27344260
>>27344260
How is this not obvious to these reddit fucks. fucking manic normies hear the news and think they can just start picking shit out instead of moving methodically.

>>27344517
they are financed by debt in the case of wars but ok retard

>>27344517
>Armies are financed by gold/silver
Modern armies are financed by fiat and oil retard, society will never coapse enough for the internet to go with it

>>27341739
is this bait? metals are ONLY good if the made up bs crashes

>>27347515
Honestly, this board hasn't been this shit since 2017.
>OH GOD, I'M GONNA COOM SILVER WENT UP 10% BECAUSE WE'RE RUSHING IT.
>WHICH SHIT COIN SHOULD I BUY? IS DOGE A GOOD INVESTMENT COIN?
>I'M TOO POOR TO AFFORD A $400 STOCK, IF I BUY 10 10 DOLLAR STOCKS WILL IT BE EQUIVALENT?
Like, I just don't fucking understand.

>>27341417
Retards, the short on GME are at 380$ not at 20$ like they were last week. You're idiots desu.

People are not selling GME in order to purchase silver. Us v them/GME v SLV psyop-- really (they) don't want anyone buying either

>>27342251
why is no one replying to this post? this is fucking astonishing.

>>27348542

Probably too long and complicated for most people.

>>27341417
>>27341509
cope

>>27345549
All of your dry powder should be in GME you faggot

>>27345114
>yes I will die for some bitcoin

>>27345468
>>27349059
>invest in gme its going to 1000
ya ok, when GME corrects let me know

>>27347287
>there is no manipulation

t. JPM

>>27347287
>there is no manipulation

https://www.google.com/amp/s/www.cnbc.com/amp/2020/09/29/jp-morgan-settles-spoofing-lawsuit-alleging-fraud-in-metals-trades.html

Lol fuck off kike

>>27349194
Point blank, if you believe that the meme-squeeze will happen, you should buy GME. If you believe it has happened, you should probably buy nothing since none of the competitors will be in the same league.

Or buy triple shorted ETFs for when the stock fucking collapses into the ether.

>All these niggers who probabaly own .1 of a share of gamestop seething at god's money

>>27341417

FUCK $SLV
BUY $GME

>>27347287

>50,000% short position
>no manipulation

>>27346089
i was on /pol/ when that happened, and that was definitely only on reddit. i know because i went to high school with that kid and also dated the dumb whore who blamed him on reddit.

>>27349611
Dubs of truth

>>27349272
>COMEX silver not backed
What would that mean if I were to buy COMEX Long Silver? If I go long and the base price is silver it would still have to drastically increase, even if COMEX is fucked, right?

>>27344906
based

>>27349611
>>27349766
checked and basedpilled

>>27347819
At least there is more than two threads on the board that aren’t pajeet scams

>>27349987
no. they would not be required to settle for physical silver and could instead pay out contracts in cash ie the contracts no longer tethered to the physical metal and our worthless.

>>27349459
>spoofing

manipulation what gold bugs implicate that price is artificially manipulated to stay down. that's hilarious claim and totally wrong. tell me how you manipulate something to go down?

>50000 short%
you are clueless

>tfw bought silver in March
You'll never take my coins.
GME is misinformed. Shorts are at 88% not 140%.
Squeeze happened and now everyone's on social media trying to get attention for it.
Make a new thread when you're broke.

>>27341449
>bought silver for some short term gains
>more funds for gme if kikes dip it
thanks melvin i guess

>>27349701
No one except for Reddit is saying to buy slv retard. Why are you posting that here

>>27341449
yea, I'm not selling GME so go away shill

>>27350227
dumb n igger

>>27350227

>>27350179
Well, the option is not backed, I'm aware but is it realistic for the leveraged long option to dump if the base value (actual silver) pumps?

>>27350275
wrong, care to link proof?

>>27350734
https://finance.yahoo.com/quote/GME/key-statistics/

>>27341449
Thanks, just bought some more shares of GME. That’ll be $10,000 if you want to buy them when you cover.

>>27341417
bump

>>27341417
Fuck Melvin, but guess who shorts silver all the time? Goldman, JPM, BlackRock the big boys. U think these guys give a shit about some "small time" firm. They wipes their ass with Melvin's yearly profits. The squeeze on silver will be beyond a comprehensible amount the (((big banks))) r shitting themselves right now im buying PSLV on open.

>>27341417
Gamestop is probably going to issue more shares and they will cap your shares and they will eventually delist it. Buy silver bullion and watch them try to issue more of that. Watch them try to cap what you can buy of that. Watch them try to delist silver bullion.

>>27342251
most of what youre saying isnt adding up

>>27351400
BASED
also buy physical if you can

>>27351798
I have a good amount of silver jewelry, also im buying ticker HL

Bumping for awareness

YOU ARE BAILING CITADEL OUT BY BUYING SILVER!

>>27351994
It's going to be a goddamn fanfare for silver and mining companies in the near future, my cock is ready

>>27348542
im too busy watching this AG stock DIP

>>27341449
A Jewish hand typed this, stay the fuck away from silver. It will be $20 at the end of February.

>>27352076
Citadel can’t afford to pay your $100,000 GME calls if they’re bankrupt you smoothbrain retard

what is i already bought silver though because i expected this? hold or sell immediately? what do

>>27345805
I THINK YOU'RE A STUPID REDDIT FAGGOT WHO PROBABLY CRIED FOR 4 YEARS WHILE TRUMP DID NOTHING BUT BLOW ISRAEL

>>27349766
Trading volume isn’t the short position. Posting obviously wrong shit drives people who aren’t retarded away from precious metals

>>27351766
What he is saying makes perfect sense. SLV is a total scam, see picrel. Note the following: "only Authorized Participants are allwoed to deposit or take delivery of any physical silver bullion held within the SLV London warehouse"
>only (((banks))) are Authorized Participants
Really makes you wonder huh. I'm sure they totally have all the silver there right? Lmfao

Buy physical. And don't sell $GME.

>>27345324
Kek

>>27343522
have fun when they literally just legally print millions of stock and dump on you.

>>27348542
>why is no one replying to this post? this is fucking astonishing.
They're too busy guzzling cum from each other over at WSB.

akram Yosef

>>27352672

>Trading volume isn’t the short position

Good thing that nobody brought up trading volume then.

>>27350946
lol

>>27353872
These figures seem low to me

>>27352076
It's kinda true. Citadel's portfolio consists of 0.23% silver calls and 0.13% silver puts. Still, I kinda wanna ride the wave for a week, maybe some people who had FOMO with GameStop will get me some %s.

>>27353911
No rebuke? I thought so.

>>27355749
Not "silver" calls and puts
SLV calls and puts. Different beast. SLV is a banker scam paper silver ETF, silver is the real metal itself.

>>27356983
That is 100% correct, thank you for correcting me. Anyway, my point is: Nobody's bailing out silver by trying to make some buck or (even smarter but I can't) getting some real silver coins.

>>27356385
That is still 140% of float.

>>27356983
>>27357604
Also go on ebay. You see the physical price for 10z is around $35-$42 an oz. Spot will gap up in a couple days to match.

>>27357764
Ok don't cry when it falls back to 2$

>>27358207
I know I know the shit is going to collapse

>>27341449
Wow 2 dollars per day?????!!

GME only climbs 200 per day!

>>27357987
>Also go on ebay. You see the physical price for 10z is around $35-$42 an oz. Spot will gap up in a couple days to match.

>>27341417
silver was getting shilled HARD on /biz/ all last week, even before the media blitz. what gives?

>>27358555
Its a surprisingly accurate real time market to gauge physical prices. Go on any the major retailers. They are selling for about $35/oz premium.

>>27341417
yeah no shit its like they think we are all retards with how hard they were shilling it

>>27341449
I'm NEVER buying silver. Fuck off shill.

>>27358741
Silver just is so fucking manipulated is all. And people are waking the fuck up and squeezing the supply HARD.
This could lead to a banking crisis so hedge your ass from fiat.

>>27341449
silver has barely gone up over the past week, if this is from a "squeeze" i'm sure not feeling fomo over it

>>27345820
there you go

>>27359162
>Llc
Next time you change HTML via inspect element at least capitalise all the fucking letters

>>27357987
I just got some for 31$ per ounce. That's actually good if you consider free shipping. Also then I have some at home. Just in case. Thanks for the idea.

>>27359127
You probably see in in the 50/60s in a month or two.

>>27359863
Nigger I literally just took a screenshot of it.
check it yourself if you don't believe me.

https://fintel.io/so/us/pslv

>>27341417
>>27357722
>Citadel (parent company of Melvin Capital) is long on silver. by buying silver at these inflated prices you are financing them to suppress GME. DONT BUY SILVER, BUY GME.
They're passing the buck to JPM as planned, who is short as fuck on silver and has already been caught manipulating the silver market. Now we follow up with a right-hook to JMP.

We don't control who holds the bomb, we're just trying to set it off.

>>27359127
My man seeing a +10% move in a commodity in a single day is insanity, I've never seen this before. Silver is moving like a tech stock today

>>27341449
Lmao, thanks plebit, have fun getting shafted by the media

>>27341739
>who the fuck is buying silver if the economy crashes
The people who caused the economy to collapse?
Pretty sure the governments of the world have been naked shorting Silver for a long time now.

>>27358830
Ok my bad. I thought spot market = physical.

>>27341417
It is just a trick

Fuck Gamestop. They robbed me for years

>>27341449
fpbp
redditfags LEAVE AND NEVER COME BACK, you cucks WILL NOT MAKE IT.

>>27361799
Nah the kikes always have the spot depressed from physical.

>>27362473
Yes but I thought spot is synonym for physical market.

>>27341449
Fucking BASED

>>27341449
stop larping faggot

>>27350404
>>27345675
Enjoy cucking yourself to JP Morgan.
Melvin already lost half their money. Imagine not going after the big prize.

>>27341417
fuck silver
bump

>>27353872
So if I have a 1oz coin JPM has only 133m times more coins than I do?

>>27362614
I know. I was just explaining that spot is always lower than physical

>>27363192
seethe JP morgan shill

>>27363295
Ok.
GME dropping like a brick now.
I'd sell and short it.

jesus i went to reddit to see the silver threads and literally the only thing they say is $GME rocketship emoji diamond emoji hands emoji how can they be so fucking cringe i swear to god