First and for most... this is not financial advice.
I know that other silver threads exist but this one will be way more in depth. Silver is the most undervalued asset on earth right now. It is the only metal to be under its 1980 high, and silver is 50% below it's high...
A little background about me. I have been in precious metals for almost a decade. I got into precious metals when I realized how truly messed up our economy was. I didn't want all my wealth tied up in a bunch of numbers on a computer screen. I wanted really tangible wealth that I could touch and hold. Wealth that has been around for awhile. Of course that has lead me to gold and silver, as well as real estate. Gold and silver have been used as money and a storage of wealth for 5000+ years. The first thing people need to realize is that precious metals are real money. Money is something that has a store of value even if a countries currency is not tied to it. If silver was never denominated in dollars, it still has value. Land is also money/real wealth. Land has great intrinsic value outside of whatever monetary value is given to it by the US dollar. You can still grow crops and provide for your family even if a fiat currency isn't tied to your land. The US dollar is currency, not money. It has 0 intrinsic value if it's not being used. Examples are all around us of fiat currencies that have 0 value. The ones most people know about is the Venezuelan Bolivar and the Zimbabwean dollar. Now when I say I got into metals, that doesn't mean I pulled out of everything. I still have my 401k and Roth IRA that I contribute to. It's not smart to put all your eggs in one basket.
99% of people on this board/everyday life have really bad misconceptions about gold and silver. Mainly because they don't do any research of their own and just go off what CNBC, fox business and Bloomberg say. The common stance most people have about precious metals but mainly silver is that it's a hobby or something to collect for your "coin collection". While these are true, this is the extreme rudimentary thinking of precious metals. Simply put, your life would not exist the way it does right now without silver. Silver is the second most versatile commodity on earth, only behind oil. Silver has over 10,000 uses. Silver is in every phone, laptop, computer, most cameras, every solar panel. Silver is the most conductive metal we have, which is why it's used in solar panels and electronics. It is more conductive than copper. The medical industry has seen a massive increase in the usage of silver. Silver is antimicrobial and antiviral for a lot of different virus. It's used in a lot of medical instruments and lab coats because of its antimicrobial properties.The world is moving towards a tech based society in almost every way. A society that MUST have silver to function. Copper and graphine are not acceptable enough solutions because they both have their own problems. Now let's get into the meat and potatoes of this post.
I was going to post a really drawn out summary of why silver is such a good play right now. However WallStreetsilver on Reddit has already done that for me. Please take the time to read the links I have provided. It is very chart and graph based with some technical analysis of the silver industry.
https://www.reddit.com/r/wallstreetbets/comments/lnzeho/the_silver_short_squeeze_is_glaringly_obvious_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
https://www.reddit.com/r/Wallstreetsilver/comments/n23cip/big_powerful_jp_morgan_rides_in_to_save_comex_on/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
https://www.reddit.com/r/Wallstreetsilver/comments/mwi0d5/welcome/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
The goal for someone like me is to get more people aware of the MASSIVE manipulation of the silver and gold markets by the banks and the COMEX. When you read about silver, you'll find out that it is the most shorted position in the entire world. It differs by the day/week but as of April.... the short position was 573% of the float. Yes you read that correctly..... 573%. To put it into perspective, GME that made all the headlines because of the massive short position was only 140% short on its float. The corruption is on another level. JP Morgan just paid $920 million because they were trying manipulate the precious metals and treasury markets.
https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us
I hope y'all take the time to give silver a chance. If you have any questions, please post them and I will answer them.
Thank you for your time.
I know that other silver threads exist but this one will be way more in depth. Silver is the most undervalued asset on earth right now. It is the only metal to be under its 1980 high, and silver is 50% below it's high...
A little background about me. I have been in precious metals for almost a decade. I got into precious metals when I realized how truly messed up our economy was. I didn't want all my wealth tied up in a bunch of numbers on a computer screen. I wanted really tangible wealth that I could touch and hold. Wealth that has been around for awhile. Of course that has lead me to gold and silver, as well as real estate. Gold and silver have been used as money and a storage of wealth for 5000+ years. The first thing people need to realize is that precious metals are real money. Money is something that has a store of value even if a countries currency is not tied to it. If silver was never denominated in dollars, it still has value. Land is also money/real wealth. Land has great intrinsic value outside of whatever monetary value is given to it by the US dollar. You can still grow crops and provide for your family even if a fiat currency isn't tied to your land. The US dollar is currency, not money. It has 0 intrinsic value if it's not being used. Examples are all around us of fiat currencies that have 0 value. The ones most people know about is the Venezuelan Bolivar and the Zimbabwean dollar. Now when I say I got into metals, that doesn't mean I pulled out of everything. I still have my 401k and Roth IRA that I contribute to. It's not smart to put all your eggs in one basket.
99% of people on this board/everyday life have really bad misconceptions about gold and silver. Mainly because they don't do any research of their own and just go off what CNBC, fox business and Bloomberg say. The common stance most people have about precious metals but mainly silver is that it's a hobby or something to collect for your "coin collection". While these are true, this is the extreme rudimentary thinking of precious metals. Simply put, your life would not exist the way it does right now without silver. Silver is the second most versatile commodity on earth, only behind oil. Silver has over 10,000 uses. Silver is in every phone, laptop, computer, most cameras, every solar panel. Silver is the most conductive metal we have, which is why it's used in solar panels and electronics. It is more conductive than copper. The medical industry has seen a massive increase in the usage of silver. Silver is antimicrobial and antiviral for a lot of different virus. It's used in a lot of medical instruments and lab coats because of its antimicrobial properties.The world is moving towards a tech based society in almost every way. A society that MUST have silver to function. Copper and graphine are not acceptable enough solutions because they both have their own problems. Now let's get into the meat and potatoes of this post.
I was going to post a really drawn out summary of why silver is such a good play right now. However WallStreetsilver on Reddit has already done that for me. Please take the time to read the links I have provided. It is very chart and graph based with some technical analysis of the silver industry.
https://www.reddit.com/r/wallstreetbets/comments/lnzeho/the_silver_short_squeeze_is_glaringly_obvious_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
https://www.reddit.com/r/Wallstreetsilver/comments/n23cip/big_powerful_jp_morgan_rides_in_to_save_comex_on/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
https://www.reddit.com/r/Wallstreetsilver/comments/mwi0d5/welcome/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
The goal for someone like me is to get more people aware of the MASSIVE manipulation of the silver and gold markets by the banks and the COMEX. When you read about silver, you'll find out that it is the most shorted position in the entire world. It differs by the day/week but as of April.... the short position was 573% of the float. Yes you read that correctly..... 573%. To put it into perspective, GME that made all the headlines because of the massive short position was only 140% short on its float. The corruption is on another level. JP Morgan just paid $920 million because they were trying manipulate the precious metals and treasury markets.
https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us
I hope y'all take the time to give silver a chance. If you have any questions, please post them and I will answer them.
Thank you for your time.