• boonhet@lemm.ee
    5·
    4 months ago

    I remember there was an alt right leaning silver collecting sub shortly after. They were convinced it was going to shoot up a billion times in value. Like Gamestop was supposed.

    • undergroundoverground@lemmy.world
      21·
      4 months ago

      I think you’re right. Sadly, none of them have any idea how ultra manipulated the price of things like gold and silver are.

      I mean, it has appreciated in value since then but if you caught it wrong, with a load of futures, expecting it to “shoot to the moon”, you’ll lose everything which was the plan. It was literally firms and funds trying to cover the losses they made on gamestop.