I stumbled across this article: The Last Great Silver Buy.
According to Theodore Butler, JP Morgan had the Perfect Trade in silver, by accumulating 675 million oz since 2011, while the price has been falling.
How did they do that?
By shorting the silver market, while accumulating silver over time.
The also used the silver ETFs (SLV) to get more physicals.
I suppose this is market manipulation and illegal, but as we know the Banksters rarely get caught and just double down when pressured.
J.P. Morgan has a profit incentive, so this could all be very bullish for silver if they want to drive up the price.
I usually do not believe in experts, because they are conform and lack soul in the game, but Clif High seems crazy enough that I’ll take him at least a little seriously.
His prediction? $1000 silver oz.
Data Miner Clif High on $1000.00 Silver, $10,000 Gold, Cryptos & More
At least the rise and rise in demand from the high tech industry, will certainly be bullish for silver. JP Morgan could be up to something too. Also, if the Governments are going to restore the faith in fiat again, they might want to consider precious metals again (gold mostly).
Personally, I do believe that silver is one of the best risk-reward investments right now.
I just cannot decide if I think the silver in the Steem rounds well be worth more or less than 1 Steem by the end of 2018.
Disclaimer: This is not trading advice. Do your own research.
I am old enough to have lived through the Hunt Bros. attempting to corner the Silver Market and what is very interesting to me is how the Govt. made them out to be Bad Guys but JP Morgan can have 7 times as much Silver and that is OK. What is wrong with this Picture ??
Well, I guess there are lots of corruption involved. Wall Street-banks sponsor Washington. I guess they want something back: Get bailed out from time to time, Get Out of Jail Free cards etc.
@janusface Yes the Banks especially JP Morgan are very criminal.
More reason to decentralize and get rid of this kind of acts of injustice.
Times have definitely changed since the Hunt Brothers. Today GREED is considered a Virtue.
Everyone is wanting Silver to shoot to the moon; I'm ok with stacking some more ounces now while its price is "suppressed" - looks like a good time to cash-out of Cryptos into PMs!
I remember the Hunt brothers as well if they had been banksters they would have never went to jail.
That is unfortunately true!
JP Morgan has accumulated that big pile, the biggest ever, with the afore-knowledge of how this is going play out — they have written the script!
The main reason they hold so much physical is because they know it is valuable come what may.
I love it when ordinary folks make these kinds of things known to the masses. Thank you so much! We all need to do our part to ignore the smoke and mirrors and the soundbites and keep focus on the facts and the actions taken by those with power and vast resources. We must remember that keeping freedom takes constant vigilance, and the cornerstone of freedom is individual property rights and access to resources. HODL on!
That's interesting. Clif High has some good calls despite the somehow alternative approach.
Personally, I can only take his predictions in small doses - sometimes I wonder if he's "high" like his last name would indicate :)
@janusface,
You understood the market very well! The recent example of BTC says the same! Whales, not STEEM whales, in their ocean STEEM whales are just minnows! So, these whales can change the entire market place in a single night! But after all these are metals! So, demand always go high!
Cheers~
Good article j-face. If JPM has all that shiny, you know it’s going to blow sooner or later.
Also, thx for schwacking 90 Shot with a boomer :)
I went and looked in on your profile, Nd much to my dismay, the gimp-cat is messing with you too. I have little power, but i’m watchin’ and flaggin’
👊😎
I am pretty bullish on silver for that reason. Could be wrong though. Going long silver has been a 'widow maker'. But in the loong run, mathematics will win. Thanks! Together we can fight off this mean cat.
you're totally right the fiat bubble is going to burst it is just a matter of time. Only look here in Europe. ECB is leaving interest at almost 0 rate ad buying foul credity and bons with tax money just to make the Economy look better. In Germany there is a lot of economical growth that doesd not come from real profits but from expanding monetary policy. It is just a matterof time before this will blow up again.
It is rumored they are the largest purchaser of American Silver Eagles
Yes, they buy and melt them into bars.
Yes, I have heard that, too. Makes no sense, to me. But I have heard it from more than one source.
That right there should be criminal.
I can think of cheaper ways to get silver if you're just going to melt it into bars...
@janusface, Absolutely Silver is the best investment scheme. I saw comparison info as you shown here. Then I can guess Silver invest has some risk. Without get some risk can't do invest this platform. JP Morgon is such a profitable silver investor. Follow him best way.
That is incredible that Jp Morgan has that much silver. But when you manipulate the market you can do anything. I hope you are right about the steem price marching the silver price. Great post.
Wow, that's crazy.
Their president also said Bitcoin Was a scam in the News and when BTC price goes down because of what they saidt hey buy many of it and make big money.
Yes, they probably going to use a similar strategy for accumulating BTC. Create confusion and hoard BTC simultaneously.
@janusface really investing in silver is so profitable ?
steemsilvergold is very believable coin.......stay blessed with it
This is the revaluation of all currencies as we will soon see a US Treasury dollar (not a fed reserve dollar) on blockchain backed by precious metals. Of course it'll choose which crypto survive and which don't. It is a shoe in, every one believed that myth about bitcoin well it was the beta test for this new move. Strap in and get physical, no exchanges dropping to worry about haha amazing times
I thank you for the good topics
Very interesting post of silver investemt project @janusface. Investing in silver has been a tough battle in recent years, Yet now, many investors think that silver has drop down, and its big price bounce in early 2016 has many people convinced that a return to better times is near.Best example is JP Morgon. I think if you trust silver is a good investment follow his character. Many people wonder if silver is a good investment.
I appreciate it once again that I understood where I should see what you wrote this post.It's Interesting post,Its good information. I agree with your idea
kept me engaged
It definitely wouldn't surprise me that the banking system is already figuring ways to bring us back to fiat, or control the crypto market. Ran across some interesting thoughts about big banks and crypto here :) https://steemit.com/steemit/@corbettreport/the-bitcoin-psyop
Agreed:) Thanks! I will look into that post.
Hawwwwww that much silver ..... I think so this much thing comes through corruption stuff.
Silver and silver every where
@janusface 😊😊😊😊😊😊
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very nice post
I hope crypto will shut down banks and Rotschilds...
One of the most powerful bankers of his era, J.P. (John Pierpont) Morgan . Morgan used his influence to help stabilize American financial markets during several economic crises, including the panic of 1907. @janusface He was a great fella :D
Wow talk about a supply that is substantial.
I think he was very smart, in his investment, good post thanks for sharing.
it's unstoppable, stay thirsty dear..
OH MY GOD!!!!! Silver.This is superb.Thanks for sharing
-cheers-
i was not aware about these things..thank you for updating us :)
great post...and see my latest why Silver and gold must be owned NOW.
Hello @janusface,
Extraordinary good article. If JP decided to invest on crypto market, it'll make huge fluctuation than what we experience currently.
~@mywhale
tooo much silver in one post wow and some really crazy predictions there
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i enjoy your post! thanks. upvoted!
great.
@janusface -
Personally, I do believe that silver is one of the best risk-reward investments right now.Yes Sir... Crypto market can be dropped anytime, few days ago it has proven it can be drop by big investors... But metal market, demand & supply never lies... Very useful market review Sir...
+W+
jp morgan is a good investor, he invested on silver instead of gold. he know silver can me more roi than gold do. pretty smart move & you also smarter than jp lol ;) @janusface
@resteemia
reteemed & upvoted & commented & followed
i will keep holding it for long till then :)
your prediction on the year end is quite interesting and i think its possible enough
I am a big fan of investment in silver. I know Gold is a better option but still there is something in silver that attracts me. Silver will definitely be atleast 25 parts of my Retirement savings.
JPM has been unchecked with their business practices since they bailed out
(more like stole at $10 per share) Bear Stearns back in 2008. JPM paid $.071 on the dollar for a stock that was trading for $140 in 2007.
silver pattern this year starting has been bullish and seems like it will stay like this
Wow.... i would be very happy when silver is $1000!
There is def a future ulterior motive in the making. Do opposite of what they say and in stride with what they do...
The price of $1000 silver seems a bit lofty however I do believe the price of silver and gold are very undervalued and should continue to trend up despite the price manipulation. I am hanging on to my silver for when that rainy day comes.
The manipulation strategy sure do work for big whales from time to time and the stack seems to be huge !
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So how come JP Morgan can stockpile silver bullion in much greater quantities, while the Hunt Brothers were not allowed to? Something smells fishy and it ain't fish.
I sure agree about Cliff, he does seem a little crazy but silver has been suppressed for so long it would seem that it should have a lot more upside than downside.