Ep 20 - The Truth about the So-called Silver Squeeze
May 14, 2021
The precious metals blogosphere has been lit up with the #silversqueeze story. Building on the momentum of the Reddit-born retail trade warriors made famous by squeezing the shorts in GameStop, a Wall Street Silver channel was created. And silver became the next main "squeeze"... if you will. This all started in late January, and for a moment, it looked like it had some legs. It was getting national press coverage, but eventually fizzled out due to the price losing momentum and reversing direction.
Nonetheless, a group maintains the silver squeeze isn't over. Rather, it's only just beginning with another "squeeze" attempted earlier this month. This time feels different, with allegations and accusations being leveled at notable precious metals companies, not just the big banks. What's going on? As always, Keith provides some answers in this latest episode.
In this episode:
- Is there a really a global shortage of silver as many claim?
- Why did no one cover the toilet paper ponzi scheme?
- What coffee shop lattes and 1oz Silver Eagles have in common
- Unallocated precious metals account and fractional reserve banking
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