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Business/Finance See other Business/Finance Articles Title: JP Morgan accumulating world’s largest physical silver hoard JP Morgan accumulating world’s largest physical silver hoard April 27, 2015 Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not paid off. But it will pay off in a big way if we will soon be entering a time of great financial turmoil. During a time of crisis, investors tend to flood into physical gold and silver. And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently stated that “there will be another crisis” in a letter to shareholders… Some things never change — there will be another crisis, and its impact will be felt by the financial market. The trigger to the next crisis will not be the same as the trigger to the last one – but there will be another crisis. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called “bubbles” (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets And Dimon is apparently putting his money where his mouth is. If Dimon believes that another great crisis is coming, then it would make logical sense to stockpile huge amounts of precious metals. And in particular, silver is a tremendous bargain for a variety of reasons. Personally, I like gold, but I absolutely love silver – especially at the price it is at right now. Over the past few years, JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before. In fact, JP Morgan has added more than 8 million ounces of physical silver during the past couple of weeks alone… ***** According to a detailed report from The Wealth Watchman JP Morgan Chase has been amassing a huge stockpile of physical silver, presumably in anticipation of a major liquidity event. They’re baaaaack. Yes, “old faithful” is back at it again! Of course, they never really left silver, and have been rigging it non-stop in the futures market, but for awhile there, there were at least no admissions of newly-stacked silver being made in their Comex warehousing facilities. Yet, after a 16 month period of “dormancy” within their Comex warehouse vaults, these guys have returned with a vengeance. In fact, our old buddies at JP Morgan Chase, not only see value in silver here, but they’re currently standing for delivery in their own house account in such strong numbers, that it commands our attention. Let me show you what I mean. Here’s a breakdown of the Comex’s most recent silver deliveries to JP Morgan: April 7th: 1,110,000 ounces Poster Comment: The proof is in the pudding. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: BTP Holdings (#0)
J P Morgan is holding the silver for the Chinese. Appearances are deceiving.
The Truth of 911 Shall Set You Free From The Lie
Really? If it is in their vaults, possession is 90% of the law. It seems to me the Chinese have been more interested in accumulating gold in order to finance their 40% gold backed Yuan. Furthermore, both India and China are accumulating silver at a rapid rate since both plan on building 100 Gigawatt solar plants. And you need silver for those solar panels. ;) srsroccoreport.com/why-ar...kpiling-silver-big-price-move- coming/ "When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
The Chinese own the Morgan-Chase building and the vault.
The Truth of 911 Shall Set You Free From The Lie
And why not? China owns the Waldorf-Astoria Hotel also. ;) "When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
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