Sunday, February 7, 2021

Was the WallStreetBets Silver Short Squeeze a Failure? Physical Dealer Shortages Suggest it Wasn't

10:09 AM , , , , , 2 Comments

At the beginning of February there was great anticipation that the Reddit group of retail investors was positioned to take on the monstrous silver short that has kept the price depressed for nearly a decade.  In fact the battle over the silver price has been so great that it is the ONLY asset that has failed to reach or surpass its high achieved 40 years ago in 1980.

But sadly, the majority of the investing public has little understanding of what precious metals mean to the ongoing fiat currency system.  And as such, taking on Hedge Funds or Bullion Banks in the paper markets is a futile quest since not only they, but the Federal Reserve and Treasury as well, have a vested interest in ensuring the prices of gold and silver do not climb rapidly.

Yet this is not to say that retail investors, and especially those tied to WallStreetBets can't create havoc in this market.  And despite the fact that they are actually late to the precious metal game (since central bank and wealthy accumulation of the metals has been going on for about the last three years), their recent presence is putting massive pressure in the physical market as seen by the incredible rise in premiums on even just a single ounce of silver.

Current Spot Price:  $26.92

Golden Eagle Price for 1 - OZ  Random US American Eagle:  $36.34

SD Bullion Price for 1 - OZ  Random US American Eagle:  $37.15

Apmex Price for 1 - OZ  Random US American Eagle:  $39.15

Miles Franklin Price 1 - OZ  2021 US American Eagle:  $9.00 above Spot Price

In addition, most of these dealers are paying individuals upwards of a $4 or more in premiums above Spot for their silver, however the problem is that VERY FEW are selling.

Besides its power as a monetary metal and store of wealth, silver demand is expected to skyrocket in the near future as demand for alternative energy sources coupled with the rise of Artificial Intelligence will take an already stretched commodity and make it almost priceless.

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2 comments:

are you on the page with me the silver dealers have to raise PREMs dramatically or stop selling silver full stop amerikan bullshit paper price known as spot silver means nothing they can manipulate it till kingdom come…prems are starting to show the true price of silver diverging physical from paper and paper should never have anything to do with physical and that's the only way they can truly manipulate silver double rigged cause then on top of that they rig the paper price down with naked shorts so when silver recently popped up to 30 it was a clear indication that PAPER SIVER PUSHED THE SPOT UP! HAD NUTHING TO DO WITH PHYSICAL BUYING WHAT SO EVER it never did in my book that's y amerikan bullshit paper will only be exposed when PREMs skyrocket!

we don't really even want ppl to be buying paper but physical but if ppl don't by the paper the price will fall….its a catch 22 but the question is how to expose the game to the world lame stream media should have been taken out first according to this lovely plan lame stream media and Israel are last WHEN I SAY THEY SHOULD HAVE BEEN FIRST! anyways that's just how ic it bastards will continue to win if they keep going along and most ppl think physical silver effects the spot price but if it really did and we are RUNNING OUT OF PHYSICAL SILVER how the hell do you not see physical silver BUYING HAS NO ABSOLUTELY NO BARRING ON THE SPOT PRICE anyways always great to hear y'all get together with V I gave him a lot of shit about crypto shits but I think he's starting to see it for what it really is the mark of the beast is nothing to mess with...

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