@SK1ZM@Hoss It's funny, they are so obsessed over a squeeze that's already played itself out that they don't see the potential of what's about to happen in all precious metal sectors, not just silver (though silver has the most potential of a short-term squeeze in the process given it's low relative market cap and high short interest).
Thinking silver is the distraction from the real short squeeze of fucking GameStop shares in TWENTY TWENTY FIVE is such a braindead take I'm surprised these people can remember to breathe, let alone use a brokerage account.
@SK1ZM@Hoss Nothing wrong with being a squeeze player, but you have to understand how that game works, the shorts don't stay in locations that get hot, nor do they return to them. After all, there are 8,000+ tickers to play on the market, so no need to marry one.
I don't think Robinhood was acting in the interests of retail, some shady shit went down when the squeeze hit. That being said, it squoze. A really really long time ago now. It's time to let it go.
@LordOfTheKangs@Hoss@SK1ZM Well, their backend was, I can't remember the name, but there is one company that's doing all of the PFOF trading for all the web brokers.
Most of these startup brokerage apps marketing to normies who really shouldn't be doing anything more sophisticated than buying the S&P route their orders through Apex.
@Hoss@SK1ZM@LordOfTheKangs There are no less than 20 heavily over-shorted/naked-shorted instruments in the market right now, if you want to play the squeeze game, I would go with one of those + a precious metal (silver is my favorite due to it's tiny market cap and high volatility) and see if you hit it big.
Generally, the more private the investment, the longer the return, and typically because they're heavily capitalized and growing. I've seen small partnerships pay after 40+ years.
@SK1ZM@LordOfTheKangs@Hoss A mining company that is not currently outputting metal but might/probably will, VZLA in this case is pulling ore of out the ground, but it's not clear how much their Panuco claim is worth, even if it's known that it's certainly worth something.
@SK1ZM@LordOfTheKangs@Hoss Depends on your goals, I'm more interested in riding a squeeze and trading for more junior miner positions, so the ability to pivot is paramount for me, I'm not planning on HODLing all the way thru.
@SK1ZM@LordOfTheKangs@Hoss That's not usually a good sign, you want a company that's dialing in a vein, not expanding their search area (this means they are having trouble finding a rich enough deposit to mine).
The generally rule is risky growth assets in youth, guaranteed fix inome assets in old age.
When you're old, you want to buy bonds or annuities. You may buy a rental house with cash. You don't borrow and you don't buy anything where you have to wait for harvest.
When you're young, you take more risk and look at long term growth, and not immediate income. Borrowing money and putting it at risk is common.
Of course the economy is fucked, so investing in youth is not what it was for the boomers.
@SK1ZM@LordOfTheKangs@Hoss PSLV is fully allocated and backed by physical silver, and there have been zero withdraws in the past year. You need enough shares (about 30,000) to withdraw, and you have to pull in increments of 10,000 troy ounces. This is good enough for me for short to mid term holding for price exposure purposes.