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.
Or if someone wants a KVT, they could send me the $1200 (in KAG, KAU, crypto, etc), I could mint cycle and transfer the KVT. If KVTs run out, would send back original investment. If not accredited this is could be a way to get KVT.
Would also promote the use of participants referral codes. Hopefully @TheLastDegree would as well.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
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.