I posted this to someone asking if they should buy. The only stockpile is the one in shoe boxes under beds. There is no more easy silver. JPM has a solid history of manipulating the metals market. You can search for all the traders who were taught to spoof. Trusting JPM to tell us how much silver they have? I wouldn't.
Moshe Sheckleberg doesn't have silver, platinum, palladium, or rhodium. Maybe some gold. Look at what happened to the Hunt brothers. CFTC rule change to only allow liquidation of silver. (Sound familiar with GME.) Why? It scared people into selling their silver for fear of a loss that's for sure. Oh well, back to US dollars, which by definition is defined at a set weight of silver or gold. Blue series treasury notes were redeemable in silver to the bearer. Our currency used to be a claim on actual wealth, silver. No mas.
Why the all out assault on anyone who touches silver? To the nay sayers, please don't buy physical. Buy tesla and amazon and google and apple and leave the physical behind. People shit talk the USD but then tell of an alternative that's valued in USD. The first thing Europeans did after kicking the muslims out was cross the ocean and set up a silver mint in the new world. Silver is money. We need a meteorite to hit the earth to get more.
Muh bitcoins? Christ north of 60% of mining of bitcoin is controlled by China. Not to mention the ASIC machines are Chinese. We should give them more USD then right?
If the price of bacon is 50% off tomorrow at your grocery store do you shit your pants and get ready for Mad Max or do you stock up and carry on?
Below is from previous post.
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.
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
(post is archived)