10/26/2022 0 Comments Apes strong together memeSo, we're not trying to emulate Wall Street Bets where we just pick a couple of stocks in the market and then just pump and dump them. It's really, you really need to prepare and educate yourself and start preparing yourself for the future. (SOUNDBITE)(English) WALL STREET SILVER FOUNDER, IVAN BAYOUKHI, SAYING: "Wall Street's Silver isn't just a get-rich-quick scheme. The group’s founder is Ivan Bayoukhi – a 24-year-old Canadian. Their home page features an image of an army of primates from “Planet of the Apes.” They say things like “Ape like shiny,” they organize “raids” – days on which everyone buys together. Reuters spoke to more than 20 members, who call themselves “silverbacks” and “apes.” KRAKER: "I'm pretty sure that the uppity ups in the banks and the COMEX and the LBMA just think we're just a bunch of, you know, street trash and that we're just going to quit… but I don't think that's going to happen.” Market professionals, however, say they’re unlikely to succeed - there is plenty of silver, and central bankers in the United States and Europe expect inflation to stay relatively low.īut bankers aren't getting through to this group. Investors like Kerry Kraker want to do the same thing with silver. The core of the movement is a 122,000-person strong Reddit community called Wall Street Silver, formed in January at the time WallStreetBets was marshaling an uprising of ordinary investors against the financial elites – creating a trading frenzy around companies like GameStop and causing pain to big investors who dared to cross them. We've decided that this is actual money." It's like, OK, we're done with you telling us what we can do and what our money is and what our money isn't. (SOUNDBITE)(English) SILVER STACKER AND MEMBER OF WALL STREET SILVER REDDIT GROUP, KERRY KRAKER SAYING: "There's a little anarchy in it. He's part of a growing social media movement who say they are buying bars and coins for protection from a coming age of inflation. Since March he's spent around $100 a week – half his spare cash – on silver coins. Kerry Kraker has worked in kitchens all his life.
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