How much paper silver do they hold, which is the real question.
Okay, I'll explain, if they hold 1 billion in physical silver and 3 billion in paper silver, which is the very definition of naked short selling, when the paper gets called in for physical............BOOM.
That explains it. That is 2 billion in worthless paper. People start calling in the paper, jp goes tit's up, price on sliver goes way up. Same thing in stocks.
They don't though. They're covered.
(post is archived)