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SLV is heavily manipulated and the ‘ounces’ of silver they claim to have to back their investors is not confirmed. The custodian of this Trust is JPMorgan, who in September of last year was literally fined $920 Million for ‘spoofing’ precious metals futures markets and US treasuries. Don’t get in financial bed with crooks in charge of your money.
*To consider, not financial advice: Step 1: We buy out the physical (their lifeline) Step 2: We buy call options/long stocks on promising miners i.e. $AG, $FSM, etc. ($PSLV may be worthy too, they’re 3rd party audited) Step 3: The market is now cornered. They can’t bullshit us and say they’re buying physical to back the paper numbers being reported. Step 4: We meme our way through the squeeze (HOLD) Step 5: There’s no flash crash following our efforts, because silver truly deserves a much higher valuation.
*To consider, not financial advice: Step 1: We buy out the physical (their lifeline) Step 2: We buy call options/long stocks on promising miners i.e. $AG, $FSM, etc. ($PSLV may be worthy too, they’re 3rd party audited) Step 3: The market is now cornered. They can’t bullshit us and say they’re buying physical to back the paper numbers being reported. Step 4: We meme our way through the squeeze (HOLD) Step 5: There’s no flash crash following our efforts, because silver truly deserves a much higher valuation.
