[Simple Man]

Originally Posted by dataway

Sounds a lot like the Game Stop play ... great for those that get in early, not so much for the people that get in later.

I let my financial advisor handle the trades, he's been good for about 12% a year without fail.

That's also the definition of a pyramid scheme. The early ones get the payout.

[yahooskidoo]

SILVER!

[59safaricat]

Originally Posted by yahooskidoo

SILVER!

Extremely manipulated, particularly by JP Morgan. Hasn't done well in the past decade. Best time to get in was 2001 and out by 2011.

[yahooskidoo]

Originally Posted by 59safaricat

Extremely manipulated, particularly by JP Morgan. Hasn't done well in the past decade. Best time to get in was 2001 and out by 2011.

Been a silver bug since 2015, price then was $14.50/ ozt, today you can't buy 1/2 ozt for that $. And I own it unlike stocks or money in the bank. JP cant do it forever, hopefully. SILVER!

[yahooskidoo]

Xxx xxx xxx

[turbo69bird]

Originally Posted by Simple Man

That's also the definition of a pyramid scheme. The early ones get the payout.

Actually what it does is take the money from the huge hedge fund and hands it to the people . If no one does it the hedge funds will lforce the price down and down then buy to cover low and make millions if not billions. This reverses that scenario and the people make the money. Because the last people in are the hedge funds who run out Of time and HAVE to “buy to cover “Their losses.

More of a AMC play than a game stop and lots and lots of regular people made a TON of money on that. And the company has been given a lease on life because of it. This is a good business insurance and it’s got a New model that will get sorted via algorithm. Younger people love the idea because it doesn’t use your credit report it uses data from your smart phone like acceleration deceleration to decide the risk. Because it’s bew it takes time to build the data and compare it to the clients habits. So every day the system is learning and getting better .

Pyramid scheme? what do you think has been going on all these years . The “shorts” short the stock then talk it down. Usually in a service they charge you for, Then buy it to cover low and make the money in the middle. Like a book maker they collect the money in the middle they always win, that is until this came about now it can reverse hard anytime and the people suddenly win.

[ID67goat]

I am no expert on this stuff at all, but I see a lot of red when looking at their stats....well except their cash on hand is increasing....but that is probably because of people trying to recommend others to buy the stock....

[yahooskidoo]

Stock markets crash. Every fiat currency in history has collapsed at one point.
Silver has been "real" money for thousands of years. The value of silver is constant, it's the value of the dollar that keeps declining. Keep printing those fiat federal reserve debt notes Fed.
Current conditions: stock market bubble, housing bubble, federal reserve note bubble. Bubbles go pop!

[The Champ]

[QUOTE=yahooskidoo;6273163
Silver has been "real" money for thousands of years. The value of silver is constant, it's the value of the dollar that keeps declining. Keep printing those fiat federal reserve debt notes Fed.
Current conditions: stock market bubble, housing bubble, federal reserve note bubble. Bubbles go pop![/QUOTE]

Silver value is constant?

History says you're wrong:



I pity the guy that bought silver 10 years ago at nearly $50.00 per ounce. Not even taking inflation into consideration, their investment has fallen by 50%.

Compare that to the Dow over the last 20 years:



Even with the historic collapse in '08 - '09, 5 years later you were even, not 50% under like silver in 2011.

Silver was $20.00 per ounce in early 2011 and now is under $23.71. The Dow was about 13,000 in 2011 and is now at 35,343.

Tell me again why I should invest in silver....