There is no downside to people offloading fiat for precious metal.
There is no downside to people offloading fiat for precious metal.
Investing in silver companies might fuck you, but buying raw silver will always be valuable. As for GME they are definitely going to profit bigtime.
Investing in silver companies might fuck you, but buying raw silver will always be valuable. As for GME they are definitely going to profit bigtime.
Investing in silver companies might fuck you, but buying raw silver will always be valuable.
That only makes sense for a silver company that has a shitty balance sheet or is poorly run. If the raw silver will always be valuable then obviously the companies that own the silver mines will always be valuable too.
>Investing in silver companies might fuck you, but buying raw silver will always be valuable.
That only makes sense for a silver company that has a shitty balance sheet or is poorly run. If the raw silver will always be valuable then obviously the companies that own the silver mines will always be valuable too.
Fair point. But companies can go tits up. The silver in my safe will still weigh the same.
Fair point. But companies can go tits up. The silver in my safe will still weigh the same.
I don't understand why these people haven't started selling their GME yet. Didn't the short contracts expire at the end of January? Everyone knows the company isn't worth the current price.
I don't understand why these people haven't started selling their GME yet. Didn't the short contracts expire at the end of January? Everyone knows the company isn't worth the current price.
You should actually do a little bit of research into what’s happening and you would know why this couldn’t be happening. Its known that these hedge funds don’t own the shares, but they actually owe a bunch of shares to a broker because they thought they would be able to profit from borrowing the stock, selling it, and buying it again at a lower price later, then returning the share to the broker. You’ll probably have to read that a couple times because it’s incredibly stupid and shouldn’t be legal but basically these hedge funds now need to return their shares by buying them at a ridiculous price and then returning it or paying massive interest to the broker who loaned them. The longer this goes on the higher the stock price gets, and with 130% of the available shares being shorted through an illegal activity called “naked shorting”, the stock will reach the tens of thousands unless the government intervenes after it reaches a few thousand. This has only ever happened a few other times, and this is why we aren’t selling.
You should actually do a little bit of research into what’s happening and you would know why this couldn’t be happening. Its known that these hedge funds don’t own the shares, but they actually owe a bunch of shares to a broker because they thought they would be able to profit from borrowing the stock, selling it, and buying it again at a lower price later, then returning the share to the broker. You’ll probably have to read that a couple times because it’s incredibly stupid and shouldn’t be legal but basically these hedge funds now need to return their shares by buying them at a ridiculous price and then returning it or paying massive interest to the broker who loaned them. The longer this goes on the higher the stock price gets, and with 130% of the available shares being shorted through an illegal activity called “naked shorting”, the stock will reach the tens of thousands unless the government intervenes after it reaches a few thousand. This has only ever happened a few other times, and this is why we aren’t selling.
I'm saying what if the individuals own shares, not the hedge fund
I'm saying what if the individuals own shares, not the hedge fund
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