I am fairly well positioned for a system crash, and fear it not.
I know for a fact these guys cannot take down Wall Street in this manner.
Silver is a global reserve asset. Nations use it as a currency reserve for the same reason we buy it, as a hedge against fiat collapse. There is no shortage of it. Quite the opposite. The price is low not because of shorting, but because there is a glut of silver in the silver market.
JP Morgan is 1000 times bigger than WSB on their very best day, and Morgan has the Fed behind them, and the Fed has the US government behind them. Think Fort Knox if you are thinking of hard currency liquidity. We are not big enough to take on JP Morgan, or any of the leading banks, and everyone is about to learn a brutal lesson about that.
Yes, silver is fine now... I own it too... in fact, if it pops up I'll probably sell at least half of what I have now, and take some profits before the crash. If I can find a buyer at those prices in time.
The issue is not if it is fine now, it is what is about to happen to WSB. They are going to pour their cash into silver, drive up the retail price under what appears to be a shortage. The shortage is artificial, in the retail market only.
It has already begun. The banks will wait to get everyone's money in there and then bring in a mountain of real silver "reallocated" from the industrial side, and catch everyone flat footed. The price will crash and stay low for another ten years. There is no shortage of silver.
https://seekingalpha.com/article/4322679-usgs-reports-2020-silver-reserves-and-silver-production
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