Are Gold shorts also a risk (like silver)

Discussion of the Gold portion of the Permanent Portfolio

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pors
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Are Gold shorts also a risk (like silver)

Post by pors »

See https://twitter.com/maxkeiser/status/13 ... 5419667457
Hey @wallstreetbets
THE PAPER SILVER MARKET [SILVER SHORTS] IS 250 TIMES THE SIZE OF THE PHYSICAL SILVER MARKET (IMPLIED TARGET OF A SHORT SQUEEZE IS $5,000 PER OZ)
So now WSB is trying to pump silver to get hedge funds in trouble.

Is this a possible scenario for gold?
SomeDude
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Re: Are Gold shorts also a risk (like silver)

Post by SomeDude »

pors wrote: Thu Jan 28, 2021 10:14 am See https://twitter.com/maxkeiser/status/13 ... 5419667457
Hey @wallstreetbets
THE PAPER SILVER MARKET [SILVER SHORTS] IS 250 TIMES THE SIZE OF THE PHYSICAL SILVER MARKET (IMPLIED TARGET OF A SHORT SQUEEZE IS $5,000 PER OZ)
So now WSB is trying to pump silver to get hedge funds in trouble.

Is this a possible scenario for gold?
Gold is a 10 trillion market cap compared to maybe 400BN for silver (assumes 15 BN ounces above ground). Gold should move a little in sympathy.

I have 2,000+ ounces. Let's get the ratio to 10 to 1 and I'll happily swap for 200 ounces of gold let's go robinhood!
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