Show me an example of that here? Show me an example of you addressing that or responding in a fashion that shows you to give a damn as opposed to have a laugh at others expense.
Silver was touted months ago by shills on Reddit and laughed out of the serious forums by most. This was at the same time RKT and other pump and dump schemes were trying to distract those GME investors.
So you bought silver on the promise of a squeeze which didnât materialise. You held it long and traded as what choice did you then have. You are now basing any squeeze prospect on your experience with silver despite the wildly different scenarios.
Around 10 years ago the silver squeeze thing was pretty hyped up, and you could find just as much supposed DD on why silver was a sure thing. most of it was BS. It did cause a spike up to nearly $50 then it crashed back down, but some people didnât stop believing
To me there are parallels with the spike GME has already had. It may be different this time but I wouldnât be in the least surprised if it wasnât
incidentally with the silver thing JP Morgan was the evil institution with the massive short position, youâd have done far better over the last 10 years holding JP Morgan sharesâŠ
No I didnât buy silver because of the short squeeze claim. (By the way, the silver short squeeze isnât a recent event as youâve just suggested, but something the âexpertsâ with their âDDâ have been predicting for years)
I bought silver and gold as a hedge to inflation, not because of the claims of a short squeeze. I mentioned the squeeze as an example of internet âexpertsâ promising the world and delivering nothing. Something I see repeating here, now.
You might have guessed right, but that cannot be inferred from his comments.
Waiting for the silver squeeze that everyone was talking about doesnât mean he invested in silver because of it. Nor for that matter does it even suggest he believed it was going to happen. Given his comments, I actually interpreted it as a sarcastic waiting because he wouldnât still be waiting for the squeeze after all this time if he actually still had money in it.
Sounds like normal buying low, selling high behaviour to me. Again, no mention that heâs just been HODLing all this time.
You called your silver investment a mistake and said you learned from it. You also said you were waiting for a squeeze which to me implies you expected it to come along.
If you bought as a hedge to inflation why was it a mistake? I know about 10 years ago but silver is silver and itâs squeeze potential was laughed out of the forums for the same reasons it has never materialised.
Learning from mistakes, is something that everyone should do.
I originally held silver as a hedge, but then along came a bunch of Reddit experts with their fancy graphs and DD and told me that next year Iâm going to be a millionaire. So I rubbed my hands and thought, thatâll be a nice bonus. But it never happened, it didnât affect my original thinking about holding silver though.
The mistake I made was thinking that people who post on Reddit are experts. Theyâre not. They are enthusiastic amateurs at best, conmen at worse.
I now take anything I read online with so much salt that even Lotâs wife would look like a pinch.
For the record, my gold and silver holdings fluctuate between 10% and 20% of my total investments.
Itâs ok bro, once bitten, twice shy. I get it. It certainly wasnât retail investors pumping silver a decade ago, as mentioned above. Nor is it big banks or institutions pumping GME now so your logic is somehwat⊠reversed?
It was mainly shills from silver selling sites pumping silver, which was then passed on by retail investors. The big institutions were the bad guys back then as well, itâs not really a reverse situation.
Ive dropped them a message myself so hopefully we will find out soon.
Not sure if Ollieâs reply there clarifies if the non-votes are actually counted or if the number of shares held by freetrade âcouldâ be determined