Great panel discussion on #silversqueeze / #wallstreetsilver. Great quote from Robert Kientz: “It’s not just a trade for them, it’s a movement”.
Another great quote - from @ArcadiaEconomic: I love the Wallstreet silver, these guys are inspiring. Totally agree. #wallstreetsilver.
Done watching. Fantastic job done by all!
To all who participated, please mention #wallstreetsilver as much as you can. We need to grow this movement, and you can help by letting people know WSS is the Reddit hub.
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I love the hashtag #silversqueeze. It awakened a young generation to Silver. But at the risk of drawing fire, is it time for a rebrand? @S_Mikhailovich called me out on this, quite fairly pushing for #realpricediscovery. My logic to follow
People joining #wallstreetsilver and the movement very quickly understand that this is about ending price suppression. In a shortsqueeze, forcing the shorts to buy higher is a temporary thing, before the shorts cover and price comes back down. Perhaps slightly higher.
For silver it's about multiple claims on the same asset. It's about overly leveraged positions. Perhaps a desire to keep the price down to make inflation seem under control. As a commodity it's clearly underpriced with more demand than supply. Low prices create this deficit.
Crazy idea to help the #silversqueeze. Crowd sourced mint cycling! @TheLastDegree lent me 200KAG, I cycled to add 1800 Oz and sent him the 200 KAG back. Cycling requires enough $ to buy 200 KAG plus the costs of each cycle.
If you don’t have enough $ to mint cycle yourself, but a few people want to team up, they could send me KAG, I cycle and send the same amount of KAG back to each. I’d pay the cycle costs, but would earn mint yields and maybe KVT if any are left. @KinesisMonetary#silversqueeze
Would require people to trust me, but @TheLastDegree did. And I’m publicly known, so people know where to find me. 😃. Just a crazy idea, but I’m up for it.