/biz/ - Business & Finance

[Anonymous No.55237763]

shit's getting real

[Anonymous No.55237944]

>>55237763
4782 / 27117178 = 0.0176%

[Anonymous No.55237973]

Explain like I’m someone who has spent 18 years on this website pretending to be black to make people mad

[Anonymous No.55237990]

>>55237973
Silver market price (((controlled))) by entity called COMEX

COMEX sets price based on "contracts" sold

"Contracts" are 90% paper with no real silver to back them up. In other words, people who "trade" silver with no intention of actually taking delivery of physical silver, which makes this huge deficit between reality and paper possible

Recently, more and more people are taking "physical delivery" on their paper contracts

This is stressing the COMEX in ways it has never been stressed and will inevitably lead to a huge price correction as supply can not meet the imaginary paper demand, hence the reddit-tier name "Silver squeeze"

This discrepancy is most apparent in the silver market over any other market

[Anonymous No.55237995]

>>55237990
Nice I have about 20k in silver
How much am I going to make

[Anonymous No.55237997]

>>55237944
Kek

[Anonymous No.55238000]

>>55237995
No idea, but if trends continue, it's looking good for silver

COMEX is being "drained" as more people worry about inflation and buy silver. Also silver is needed for the "eco revolution" to electric vehicles and appliances

[Anonymous No.55238018]

>>55237973
>pretending

[Anonymous No.55238052]

>>55238018
I’m going to spend all my welfare on silver

>>55238000
I just like owning a safe, opening it up and putting the bars to my head like a rapper and pretend to talk on the phone into them like Scrooge mcduck

If it’s worth more that would be nice

[Anonymous No.55238083]

>98
Zoomer