if they can't keep a lid on the chaos. One final note, I watched an interview with the Robinhood CEO late Saturday afternoon. For a guy who just had to do an Emergency loan of $1.0 Billion to keep the wheels turning only 24 hrs before - he was entirely too non-chalant for my tastes. In order to arrange $1.0 billion in new Capital on short notice. It is quite likely the CEO had to pledge the Company Control as collateral. Entirely possible that the new lender is already drawing up Bankruptcy Filings and Robinhood itself could be the next one to be put in a short squeeze. The only thing that might keep the new Lenders from executing a hostile takover - not human decency, but the fact that if they screwed 14 Million Robinhood Investors, it could quickly become the catalyst for an entire worlwide meltdown. I am pretty certain these new "Lenders" now have the detonator for the financial apocolypse in their hands - they could easily be preparing their own house for all of the falling chips to land in their own money-grubbing hands. Beware of "Human Greed" being the next opportunistic move within the next 4 weeks (or less). Extraordinarily wealthy old guys don't do things for the greater good. Most of them think like Georgo Soros. Time to settle your Robinhood acoounrs and get your money if you can. You can always come back in a month if I have over-reacted here. I left all my Robinhood positions with minimal amounts - to make it easy to re-engage, Just In Case. "dM" https://youtu.be/RYfmRTyl56w">
The wheels could come off as early as next week. Earlier today, I closed out my positions across the board and will sit February out - largely because I have been using the Robinhood platform for my Crypto AND most of my other investing activities. (Very small player, but nobody wants to lose everything they have saved)
In addition to the other factors, there is a chance Robinhood will implode under a liquidity challenge, which will likely continue on into next week. Robinhood Borrowed $1.0 Billion in an emergency loan to sustain operations the end of last week.
September 15, 2008, it happened to Lehman Bros. over a weekend when they thought the had secured fresh capital, but by Monday it had fallen through.
The Reddit/Robinhood investors appear to be organizing another "Bull Run" on Silver for next week.
There are a lot of new restrictions now broadcasting on the Robinhood site. BANKRUPTCY could happen to Robinhood in the blink of an eye,
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if they can't keep a lid on the chaos....
#POSilverReport / Sat Feb 20th
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Special Note: “Junk Silver” that is 90% or less Silver, may be good for those who are truly collectors; but if your mission is a hedge against inflation that you will want to resell or use for barter - stick to the “generic rounds” or bars - where you pay a smaller premium over spot.
In a highly Dynamic Pricing Environment, the additional pricing challenges of calculating a lower percentage of silver will make it a much less valuable barter medium.
Update Feb 26, 2021
I have been looking for these for 2 weeks -
Private Mint = Money Metals Exchange
https://www.moneymetals.com/buy/silver/walking-liberty-rounds
1/10 Ounce Walking Liberty SILVER Round, .999 Pure
Separate / Matching 1 Oz Walking Liberty SILVER Round
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Update - just found in NYC
https://bullionexchanges.com/
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Compare Bullion Exchanges for price and availability - they appear to be running about 6% - 8.5% cheaper than JM Bullion - currently.
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Actually, I just found a couple of specialty products at Bullion Echanges that are about 22% less than some competitors and their ...
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#POLibertyReport
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"Don't Make Trouble" has now come to the USA..!
In this Brave new world, we must all become more aware of communications security. We must be more aware of Personal & Family safety.
In order to emphasize these points, I want to tell you a short story:
A decade ago, a close friend of mine was sitting in a neighborhood restaurant with a local woman he had recently met in at a trade show in Hong Kong.
This woman was native Chinese from the mainland. She was educated in International trade, extremely entrepreneurial, an incredibly focused multitasker who had been working 24/7 for her entire life.
My friend had worked around the world for decades in the USA, Europe, Japan and South Korea - but he had never spent any time in Communist China.
As he gazed at this "dynamo" across the table, things did not fit into his expectation template.
He asked her, "I don't understand. My preconceived notion of Communism seems to be wrong.
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My preconceived notion of Communism seems to be wrong. It ...