Silver price reaches eight-year high as small investors snap it up
Prices of precious metal surges as Reddit posts and YouTube videos encourage interest
www.theguardian.com
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Some Redditors set their sights on silver after GameStop frenzy (Other Redditors have pushed back against that claim - all the details in the article)
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www.theguardian.com
For anybody else thinking of jumping on the next bandwagon:
Unless you know how to read a 10k statement, just put your money something that tracks the market as a whole (ie VTSAX or VFIAX). The market averages 10%-11.8% RoE and even investment legends like Warren Buffet only get around 20.5% RoE. You're not going to beat that without taking on a lot of risk and even if you could it probably isn't worth the effort or risk it will take to beat it.
Don't think of investing as a way to get rich (it really isn't unless you're a accredited investor which requires you to be rich in the first place), think of it as a long term savings that bobs up and down.
Unless you know how to read a 10k statement, just put your money something that tracks the market as a whole (ie VTSAX or VFIAX). The market averages 10%-11.8% RoE and even investment legends like Warren Buffet only get around 20.5% RoE. You're not going to beat that without taking on a lot of risk and even if you could it probably isn't worth the effort or risk it will take to beat it.
Don't think of investing as a way to get rich (it really isn't unless you're a accredited investor which requires you to be rich in the first place), think of it as a long term savings that bobs up and down.
No
www.reddit.com
r/wallstreetbets - The Silver Squeeze is a hedge-fund coordinated attack so they can keep fighting the $GME fight
73,287 votes and 4,707 comments so far on Reddit
www.reddit.com
Hard to push fake narratives against a group which is fully transparent on a public forum and all you need to confirm or deny it is to go to the said public forum and read. Which I did and can confirm it's not true. Ofc there might be individual investors in the group who think it's good but it's obviously not a full wide community thing.
OP
OP
Gee that is insufferable to read.No
r/wallstreetbets - The Silver Squeeze is a hedge-fund coordinated attack so they can keep fighting the $GME fight
73,287 votes and 4,707 comments so far on Reddit
This was reported in the national news here in Australia, so the narrative this is fuelled by reddit has taken hold.
The hedgefunds are trying to pull a Mr Snrub.No
r/wallstreetbets - The Silver Squeeze is a hedge-fund coordinated attack so they can keep fighting the $GME fight
73,287 votes and 4,707 comments so far on Reddit
To be honest, stuff like this is why I'm not really believing much I've been reading.
A similair topic is about the short squeeze. The popular opinion is it's still coming big but we have some experts who claims that it is somehow already avoided by the hedge funds and that they obviously have safety measures to avoid situations like this. I don't have the knowledge myself to make any judgement here but obviously I feel sceptical when the two conflicting info is beneficial for the respective side pushing it.
So I'll just hold my popcorn with no stakes invested and follow the drama.
A similair topic is about the short squeeze. The popular opinion is it's still coming big but we have some experts who claims that it is somehow already avoided by the hedge funds and that they obviously have safety measures to avoid situations like this. I don't have the knowledge myself to make any judgement here but obviously I feel sceptical when the two conflicting info is beneficial for the respective side pushing it.
So I'll just hold my popcorn with no stakes invested and follow the drama.
OP
OP
I mean the national broadcaster fell for this supposed distraction tactic so I'm not so sure it's that transparent.
Lmao that makes absolutely zero sense and they may trick some people in the very early morning who haven't fully woken up yet
is that the general 'tone' of that subreddit? it's vile.No
r/wallstreetbets - The Silver Squeeze is a hedge-fund coordinated attack so they can keep fighting the $GME fight
73,287 votes and 4,707 comments so far on Reddit
Quick ctrl+f results having loaded more comments and expanded a few sub comments:
retard(ed) : 63 times
autist(ic,ism): 17
Literally just that thread alone and I probably only loaded a portion of it.
"4chan with a bloomberg terminal" is a pretty accurate self description lol
I have some silver mining stock that I picked up for way too high so this might be a good time to sell them. Also this is obviously a hedge fund ploy.
I don't buy that gme is not making hedge funds rich as it is anyway. I'm sure gme is just mostly hedge funds getting rich off other hedge funds and maybe a couple redditors thrown in for good measure.
I don't buy that gme is not making hedge funds rich as it is anyway. I'm sure gme is just mostly hedge funds getting rich off other hedge funds and maybe a couple redditors thrown in for good measure.
what did you expect from a bunch of meme investors?
Everything I have seen is people warning that the silver stuff is a distraction to get people out of the Gamestop squeeze. I haven't seen many actual meme stock traders actually propping it up. And yes, reading wallstreetbets will make you feel like you need to wash your eyeballs with bleach.
They're all types, politically, their money don't talk politics. They have chosen to a) take the negative things said about them and turn it into their banner colors and b) make their subreddit as deliberately hostile to outside readers as they can while still being allowed on reddit. It's childish, gross bullshit, but it's childish, gross bullshit that champions making money for personal wealth to be more like Trump as easily as it does purchasing GME to squeeze the hedge funds in retaliation for the 2008 bailout while posting Bernie memes.
pretty sure they're against trump, theyre currently obsessed with AOC
False, gamestop squeeze hasn't even happened yet. This is just media/hedge funds trying to distract people from it.
Yes, they refers to themselves using ablest language.
Honest question, but what happens when GME and the others eventually collapse? It's inevitable that GME will eventually collapse. I'm curious about the market implications once it begins and people, some of whom invested their life savings, begin to lose. I think it has gotten to the point where the whole thing is starting to feel like a ponzi scheme where those who got in early are encouraging others so they can get their early investments to pay out more. It just feels like this whole thing is out of control.
/r/dogecoin has had meme investors since Day 1 and they're wholesome. WSB earned being garbage all on their own.
Don't forget the homophobic language (less common recently, but still there). They call people who look to bear markets "gay bears" and call options close to expiration a "faggot's delight."
There is no sudden collapse unless people start selling their shares, which they aren't. Still, as everyone on WSB says, they are not financial advisors but just a bunch of idiots gambling money. WSB shouldn't be taken as sound financial advice.
Things are nuts in the market right now, when GME collapses it will cause some chaos for the next few weeks but then things will settle down again.
This is a planted story right? Bots? It's all over the news and just seems like a distraction to me..
edit:checked WSB and it does seem to be planted/distraction.
It's even on the Belgian news and they've been two days late on the whole GME thing so far. Looks like someone is sending out memo's.
edit:checked WSB and it does seem to be planted/distraction.
It's even on the Belgian news and they've been two days late on the whole GME thing so far. Looks like someone is sending out memo's.