Last week-- you probably remember--
day traders on reddit shocked the markets by driving stocks
in GameStop and AMC Movie Theatres higher
than the queen's hair in Bridgerton.
But now, reddit has its eye on something even more shiny.
NEWSWOMAN: The GameStop saga continues to grow.
NEWSMAN: It's not just stocks anymore, though.
Reddit users are buying up silver,
pushing up the value of the precious metal.
Silver has now hit a five-month high
at nearly 30 bucks an ounce.
NEWSWOMAN 2: That reddit group says that they're doing it
because big banks, specifically JPMorgan Chase,
have been "suppressing metals for a long time."
NEWSMAN 2: Over the weekend, retail sites
that sell silver coins and silver bars said
they were getting hit by unprecedented demand,
and they couldn't meet it.
TYLER WALL: The demand has been incredible.
Pretty much physical silver is almost all gone
in terms of live inventory.
We typically have about a thousand silver products
in inventory available for purchase.
We're getting so cleaned out right now that we're actually,
last I checked, down to about 80 items in stock,
which is a number I've never seen before
and never thought we would ever see.
The entire industry is, frankly, wiped out.
In terms of actually finding live silver
that you can purchase and receive today,
it's becoming impossible.
(evil cackling)
I'm rich! Rich, I tell you!
(cackling)
That's right, people. Now silver prices are skyrocketing.
Which is gonna cause confusion at the next Olympics.
I mean, if silver's more valuable than gold,
everyone's gonna try and get second place.
Sprinters will be at the finish line like...
After you, man. After you.
No, I insist, brother. After you. No, you go.
-Yeah, you go. -I'm always going first.
Bro, I'm always going first. You go ahead of me.
Why don't you go ahead of me now?
This time, you can go first, right?
Now, while some reddit users say
that driving silver higher will cripple banks like JPMorgan,
others claim that this movement is secretly being coordinated
by big Wall Street firms because it would help the banks.
And I believe this,
because Of course Wall Street will do that.
When Wall Street sees a scam going,
it doesn't try to stop it. It tries to joins in.
If Wall Street caught you robbing its mom,
it would be like, "Hey!
"Hold her legs down while I take off her shoes.
"Sometimes she hides cash in there.
Let me get in there. Let me get in there!"
But whether it's coordinated by the banks themselves or not,
the fact is, the reddit surge is now spreading
from game stock to silver to all sorts of stocks.
And one of our correspondents has a pitch
for where it should go next.
LYDIC: Are you a redditor looking
to stick it to the hedge funds?
Well, forget about GameStop and silver.
You've got to invest... in kiwis.
I'm Desi Lydic, and kiwis are the investment opportunity
that Wall Street doesn't want you to know about.
They're portable, they hold their intrinsic value,
and it's easy to think you're ordering ten from Amazon
and miraculously wind up with ten crates.
Here's a fact. As far as we know,
every single hedge fund is shorting kiwis.
And are we gonna let them do that
to America's national fruit?
I don't think so.
But if we all buy kiwis, then...
Rocket ship!
And kiwis are more than an investment.
They go great in fruit salads.
They can be organic truck nuts.
And they're the only fruit covered in fur.
So if you ever wonder what it's like
to take a bite out of a hamster,
now you can... with kiwis.
And the best part is, you don't even have to go
through those Wall Street fat cats to get your kiwis.
Just call me and let me know how many you want,
whether five or 5,000.
(buzzer sounding)
But this opportunity will not last forever.
You've got maybe two days tops before it smells so bad in here
that my landlord kicks me out.
So, order now, and remember-- the more kiwis we all buy,
the more the hedge funds suffer.
It's just economics.
So call today...
please.
(door opens)
MAN: Honey, what did you do!
I'm handling it!