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On Thursday, we asked "Is The Reddit Rebellion About To Descend On The Precious Metals Market?" ... One WallStreetBets user (jjalj30) posted the following last night:

Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.

Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.

Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.

Why not squeeze $SLV to real physical price.

Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way.

On Thursday, we asked "Is The Reddit Rebellion About To Descend On The Precious Metals Market?" ... One WallStreetBets user (jjalj30) posted the following last night: Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation. Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver. Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods. Why not squeeze $SLV to real physical price. Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way.

(post is archived)

[–] • 4 pts

Silver has already become very hard to find.

This will become a real problem for the banks when the industrial users can't get any. Then the price of physical silver will decouple from the fake paper market. The companies that need it will be forced to pay what ever it takes to get someone to sell.

The paper market will be destroyed when traders start trying to make money from getting the silver from the banks at the paper price. They will either get the silver and crush the manipulation or they will get paid out in cash which will expose the paper market as a scam and crash it that way.

The cold hard truth is silver should be more valuable than gold now because it's more useful and is much more rare.

Once the silver paper market is dead all the other markets will be re priced much lower starting with currencies and bonds. Then everything else in this rigged market will go down.

Your debt will be zero!

Silver will be worth much more than $1000 per ounce imho.

[–] [deleted] • 3 pts

I've been buying up silver on jmbull website for years.

upon seeing this post, I just went to look, barely anything in stock.

Can confirm it was not this bad in the past, I usually can roll in and get all sorts of varied stuff, 48 hours later I got it in my hands.

Today:

  • 3-5 day delay warning on website ...

  • Of all their silver bars, very few are available

[–] • 1 pt

Thanks for the info fren.

I chatted with someone here yesterday and they called every bullion shop in their city and none was available. They told him to try in a week.

It's started. Very few will be able to get any silver now.

I give the markets a month before the paper is worthless.

$1000 per once seems like an extreme jump but by my calculations it should be very much higher. It may even top $1,000,000 per once.

Sounds like a ridiculous valuation doesn't it. But at 22.5 acres per once being the historical norm that would put it in this range. And now it's very much rarer with so much of it used up in industrial processes and products.

Then add to that a currency crisis on a global level and what would that do to the price?

Welp!, enjoy your Ferrari collection fren!!!

[–] • 2 pts

Ideally, stonkers would all move in at once, and after having caused fund liquidation of short positions, they would immediately move to the next fund shorted asset to attack.

[–] • 1 pt

jp morgan is silvers #1 holder..

[–] • 1 pt

Should people buy real silver or silver from a broker?

Like if I wanted to get in on it would I go into my fidelity and say buy silver or do I go to the local town coin collector shop and buy real silver coins or something else all together?

[–] • 1 pt

I own silver and I wish you luck.

I'll be a big winner if you can drive up the price.

The people manipulating the bullion markets are the biggest players on Earth. The law serves them, not us.

They can and will cheat, and little to nothing will be done.

We've seen it before, many times.

The same play was tried ten years ago, and failed miserably.

This is not some tiny hedge fund, these are the biggest banks and governments in the world.

The only way this can work is if major players jump in on our side and carry it forward. We don't have the firepower alone.

[–] • 1 pt

the opening spot price on Monday will be interesting - online sellers still showing at $27 an ounce but with a 3 - 5 day shipping delay

[–] • 1 pt

Yeah, the market for retail silver is tight.

Industrial silver not so much.

[–] • 0 pt

But you can just keep printing silver notes. It's the same method they did to price fix gold.

[–] • 2 pts

The law requires silver notes to be backed by physical silver. If there is no physical silver available, the fraud notes get exposed. To conceal the exposure the silver note printers are forced to buy physical silver to cover the note conversions.

Max Kaiser laid out the scenario 10 years ago. If you search, you'll probably find it.

[–] • 0 pt

There are also funds that are invested in gold mines but not the actual gold. Haven't watched Max in years, all I remember was he had this middle age co-host woman who was dry humping his leg all the time.

[–] • 0 pt

Miner stocks are different than precious metals. Those are just shares in a company. They go up when they find new sources of metals, find new ways to extract metals, or prices of metals increase.

[–] • 1 pt

Futures contracts settle at some point with delivery of commodity.