You should buy All the silver.
You should buy All the silver.
If you're interested, visit your local coin store first thing Monday morning, keep your money local. Also: Online bullion dealers are out/running out/not taking any new orders until markets open tonight. As of market close Friday, Silver: $27.32.
If you're interested, visit your local coin store first thing Monday morning, keep your money local. Also: Online bullion dealers are out/running out/not taking any new orders until markets open tonight. As of market close Friday, Silver: $27.32.
Buy a bible first.
Buy a bible first.
Bought PSLV physical silver. Advice on 4chan /biz/ is avoid SLV paper backed (notional) silver.
Bought PSLV physical silver.
Advice on 4chan /biz/ is avoid SLV paper backed (notional) silver.
JPMorgan is one of the largest holders of physical silver. Don't help them by buying.
https://news.goldcore.com/ie/gold-blog/silver-prices-physical-silver
JPMorgan is one of the largest holders of physical silver. Don't help them by buying.
https://news.goldcore.com/ie/gold-blog/silver-prices-physical-silver
Stackers have approx 1.5b oz, JPM has about 113m.
In this scenario JPM is the short stack.
Stackers have approx 1.5b oz, JPM has about 113m.
In this scenario JPM is the short stack.
Meh.
- They play both sides of the market. They have heavy silver shorts as well.
- Even without shorts, this represents <1% of AUM. You won't help them and you won't hurt them.
- To that end, hopefully this gives some scale to the small nature of the silver market: JPM is a hug holder of silver, but it's a rounding error on their balance sheet.
Bottom line:
- You've got to do whats good for you.
- USD will continue to be devalued so I continue to invest in an anti-dollar portfolio.
Meh.
- They play both sides of the market. They have heavy silver shorts as well.
- Even without shorts, this represents <1% of AUM. You won't help them and you won't hurt them.
- To that end, hopefully this gives some scale to the small nature of the silver market: JPM is a hug holder of silver, but it's a rounding error on their balance sheet.
Bottom line:
- You've got to do whats good for you.
- USD will continue to be devalued so I continue to invest in an anti-dollar portfolio.
Yes.
https://www.jmbullion.com/investing-guide/pricing-payments/who-owns-most-silver-bullion-today/
https://www.nasdaq.com/market-activity/spos/overview?dealId=677366-95467
https://www.investorvillage.com/smbd.asp?mb=4245&mn=748262&pt=msg&mid=13098040
https://library.cqpress.com/cqresearcher/document.php?id=cqresrre1942101700
If you look at the history Warren Buffet was supposedly told to sell his silver at a loss. He is the Oracle of Omaha and 'the' value investor yet couldn't figure that out. The debacle that the Hunt brothers went through should be familiar as the CFTC changed their rules mid play and the Hunt brothers had to watch their fortunes evaporate because they dared to corner the silver market.
JPM is the custodian of the I shares SLV trust. They supposedly have to have physical silver to back their paper shares. Overleveraged to the tune of 500 to 1 as a rough estimate. Tap dancing around their obligations they can have cash for settlement instead. Plus you are trusting an untrustworthy bank to tell you how much silver they have. Who is actually walking into the vault that sits on Manhattan bedrock and counting that silver? The same people who counted our presidential election votes? Because miss-counting can never happen?
We need silver to wage war. Night vision needs silver. Missiles need silver. Remember the green and black screens for cell phones? We used silver to get better displays and then more silver to get brighter displays. Those abandoned airplane hangers full of old cellphones? Yeah we cant get that silver back. We've kept just about every grain of gold we ever found in history. Silver? Nah fuck that we trashed it, cuz its muh 18 to 1 naturally occurring in the erfs. Bitcoin? Those application specification integrated circuit mining machines need silver. Not gold. Silver can not be replaced in its applications. Platinum is supposedly better than gold yet its name Platina means little silver, Plata.
Comstock loade the silver was being shoveled off the ground. We tapped and raped every vein of silver. There is no more 'easy' silver to grab. The premium over spot is to stop you. You cant learn that there is a dwindling supply. JPM can't do a stock split and make more silver. We need a meteorite to hit the earth to get more.
Tldr, yes buy physical.
Edit: maybe too late?
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
Yes.
(PDF warning)
https://www.ishares.com/us/literature/prospectus/p-ishares-silver-trust-prospectus-12-31.pdf&ved=2ahUKEwjs5LHj9sbuAhVnIDQIHbyDDtMQFjANegQIFRAB&usg=AOvVaw0GDYukriRU6YZgq7CU8wOd
https://www.jmbullion.com/investing-guide/pricing-payments/who-owns-most-silver-bullion-today/
https://www.nasdaq.com/market-activity/spos/overview?dealId=677366-95467
https://www.investorvillage.com/smbd.asp?mb=4245&mn=748262&pt=msg&mid=13098040
https://library.cqpress.com/cqresearcher/document.php?id=cqresrre1942101700
If you look at the history Warren Buffet was supposedly told to sell his silver at a loss. He is the Oracle of Omaha and 'the' value investor yet couldn't figure that out. The debacle that the Hunt brothers went through should be familiar as the CFTC changed their rules mid play and the Hunt brothers had to watch their fortunes evaporate because they dared to corner the silver market.
JPM is the custodian of the I shares SLV trust. They supposedly have to have physical silver to back their paper shares. Overleveraged to the tune of 500 to 1 as a rough estimate. Tap dancing around their obligations they can have cash for settlement instead. Plus you are trusting an untrustworthy bank to tell you how much silver they have. Who is actually walking into the vault that sits on Manhattan bedrock and counting that silver? The same people who counted our presidential election votes? Because miss-counting can never happen?
We need silver to wage war. Night vision needs silver. Missiles need silver. Remember the green and black screens for cell phones? We used silver to get better displays and then more silver to get brighter displays. Those abandoned airplane hangers full of old cellphones? Yeah we cant get that silver back. We've kept just about every grain of gold we ever found in history. Silver? Nah fuck that we trashed it, cuz its muh 18 to 1 naturally occurring in the erfs. Bitcoin? Those application specification integrated circuit mining machines need silver. Not gold. Silver can not be replaced in its applications. Platinum is supposedly better than gold yet its name Platina means little silver, Plata.
Comstock loade the silver was being shoveled off the ground. We tapped and raped every vein of silver. There is no more 'easy' silver to grab. The premium over spot is to stop you. You cant learn that there is a dwindling supply. JPM can't do a stock split and make more silver. We need a meteorite to hit the earth to get more.
Tldr, yes buy physical.
Edit: maybe too late?
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
Good fucking luck. I went to buy some last week and the thieves at the bullion companies were still charging between $12-18 over spot price for silver eagles. I realize silver should be worth more, but I'm not going to eat their loss for buying coins from the mint when prices were higher.
Good fucking luck. I went to buy some last week and the thieves at the bullion companies were still charging between $12-18 over spot price for silver eagles. I realize silver should be worth more, but I'm not going to eat their loss for buying coins from the mint when prices were higher.
A buddy who is an investor said this silver may be a trap. Don’t go all in.
A buddy who is an investor said this silver may be a trap. Don’t go all in.
Only if you expect a werewolf problem.
Only if you expect a werewolf problem.
(post is archived)