2/1/2021 0 Comments
GameStop squeeze made history so now everyone wants a piece of the pie, therefore don’t lose your money in silver they are distracting you with the cheapest and most abundant metal of all Silver.
A lot of people is saying this but we actually came to the conclusion that
Silver is basically a byproduct metal, and as such supply is inelastic, so they can’t just “produce more” in anyway. Silver is so heavily paper shorted, while physical is tight, that Reddit’s users actually can drive a squeeze.
Alright, this is a complicated one. Reddit’s users are worried about Citadel trying to make some profits back due to the GameStop parade. Silver has incredible potential.
More heavily shorted than GME, has been undervalued for a very long time and due to manipulation there's barely any physical silver compared to paper silver so it's very easy to buy up all the supply. However, should you buy it instead of GME? Not a chance. We know that GME is going to see a very big squeeze but silver only has the potential to see a very big squeeze. Silver has actually been talked about for months, years even with a lot of very good DD as to why you should buy silver.
I know a lot of people are spamming "don't buy silver, citadel will make money from silver" but that's pretty much meaningless. Citadel also has calls in NOK, AMC and BB. Citadel has an incredibly diversified portfolio and regardless of what you buy, chances are citadel has a position in that company. This is because as a marker maker, 40%+ of all US trading goes through them. They exploit this by essentially going just ahead of you to buy some shares in a company and then when you also buy in and the price goes up a little, they instantly sell for a profit. Citadel is essentially everywhere. Aside from the squeeze on GME, they will make money off of you no matter how you play this game.
However, trading solely out of spite against citadel will not make you money. If you're doing this to make a message then don't buy silver, don't buy AMC, don't buy BB, etc. Only buy GME. If you only want money though, then wait until after the GME short squeeze before you buy silver etc especially because the price will drop as citadel sells more assets in an attempt to cover their ass.
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