/biz/ - Business & Finance

GME shows the power the little guy has when they work together and show the fragility and fraud of the current financial system. GME may very well mark the beginning of a new era with regard to information and power in financial markets. But GME is not important, a hedge fund or two will get liquidated, a few redditers who sell the top will make other worldly returns, but gamestop will still be a failing company and nothing will change in the financial world.

What if I told you there were other assets far more shorted than the 138% that GME is, assets who's price is suppressed and managed to uphold the current, dying, corrupt, broken fiat ponzi scheme? I am of course talking about gold and silver.

Gold and silver are suppressed in similar ways to how game stock had more stock sold than actually exists. Banks sell contracts of gold that do not exist on the comex and put up massive sell walls when ever there is a price increase to manage the price of gold higher and not let it escape higher on a rip tanking confidence in the dollar, they then close these contracts in cash or roll them over with more paper gold. Rough estimates suggest that for every ounce of gold there are 88 claim checks on it, or 88 ounces of paper contracts. For silver that figure is roughly 185 times.

To put that more simply a run on the exchanges and bullion banks to cash in the paper contracts for real physical metal would cause a 88x short squeeze, and they have so little physical metal it would only take one or two large orders for the comex to be completely empty.

Understand this: More gold is traded every week than has ever been mined in all of human history!

If a few whales from reddit and here actually bought gold futures contracts and demanded their delivery, in a similar fashion to gamestop they collapse central banking. Let that sink in, we have that power if we work together!

Jannies do not slide this and inb4 reddit spacing - I've typed a lot so its better spaced out.

Ok cryptofags I feel like this is a good time to give you the silver pill. If you truly hate FIAT as you claim you do, you should be buying silver bullion not buttcorn and here’s why:

Bitcoin market cap is howering around 500 billion USD. The yearly silver production in the world is less than 1 billion ounces which in dollar terms is less than 30 billion USD and the production has been dropping since silver is becoming more and more scarce. Silver has intrinsic value unlike your shitcoins and over half of silver is used in industry and permanently lost. It has also served as money along with gold since the fucking antique. With BTC market cap you could buy almost 20 years of worlds silver production at the current price. Do you understand what this would do to the price of silver? All the manipulation of Comex would be forced to end. Silver would moon more than any of your shitcoins and the people would have unmanipulated money that is not FIAT. Tell me again why you decide to love FIAT and banks and keep buying bitcoin instead of silver which would bring down the establishment? It’s not too late anons. Take the silver pill and join the good guys.

Are you ready for the greatest bull run?
What are your biggest holdings?

I just bought 150K EUR worth of these companies: Fiore Gold LTD, Kootenay Silver, McEwen Mining, Novagold, Gold Resource Corporation (GORO), First Majestic Silver (AG), Barrick (GOLD), Hecla Mining (HL), Aurcana Corp, Alio Gold, Great Panther Mining

Inb4 - PAAS, Mettala, Newmont, IAMGOLD, Coeur - I am not buying this shit.

My biggest holds are GORO, AG, Fiore and Kootenay because they will moon like nothing else.

Also Hecla mining broke the resistance at $2, this shit will double within a week.

HECLA MINING IS ABOUT TO BREAK OUT!
GET ON THE TRAIN QUICKLY!

Thanks to anon, who recommended me Endeavour Silver and Hecla Mining a week ago.

>>15281988

Checked

Buy Hecla or Goro (gold resource corporations) the are pretty much suppressed. Q4 will give you nice gains.

>>15274542

Peter Schiff is selling gold for crypto.

Will it finally go to the moon?

My portfolio is 80% silver and 20% gold miners shares.

So I bought 5k at 1.46 and another 5k at 1.74. I am already up significantly, with the silver bull market, this might be huge.

However, in the investment space, I hear lots of mix feelings about buying in (long-term debt, bad acquisitions, etc. I am really curious what other silver chads think.

Also, I am heavily invested in GORO. Just found out Renaissance Technologies, Ken Griffin and David Harding are in since 2018. Bullish af, take it as much recommendation.

Good Luck in this bull run, guys!

Thanks based silver anons on /biz.
HL is still my biggest bet, but I am already 2k EUR on AG (First Majestic Silver) and other.

It looks like another good day to make a few hundred bugs today. Wish you all luck!

There is no downside risk. Just upside. Be aware.

Hecla, First Majestic, Gold Resource Corp, Coeur. I'm already up 30% and we haven't even started yet.

ZEC, XCM, TAO or silver. Each hasn't mooned really and all primed to pop soonish

>average price in 2019 USD for silver between 1791-2018 is $22.22
>silver per ounce is less than $15 usd per ounce today
>further dip ahead
>go store of value and insurance for future troubles and if a new invention in the future requires silver use
>biztards are still hoping for a crypto bull run

Is this board fucking retarded?