Bunker Hunt once said, "Silver is an accident waiting to happen". I don't think this was said with the understanding that most people will take it. I think it was meant as there will be an explosion in price.
JP MORGAN currently holds more the 500 MILLION OZs OF SILVER. Making them the largest private holder of silver.
You might ask your self how did this happen and why was it not noticeable? It took time and patience, 5 years to be exact. This had to be done over a period of time, to keep the price from rising. Thats still roughly 100 million ozs a year.
How where they able to purchase so much when so little is for sale? They did most of it by buying SILVER EAGLES and MAPLE LEAFS. Infact the have bought 100 MILLION OZs of American Eagles and 50 MILLION OZs of Maple Leafs. Now for my Eagle and Maple stackers dont think this will casue your eagles and maples to go up. They have been melting them down into 1000oz bars. Why would they buy eagles and maples to melt down? Simple, these are the two highest produced silver coins in the world.
Owning 500 MILLION OZs of silver, comes with alot of power. They controll the caps, they stop the rally and yes they are keeping the price down.
Now there has been alot of discussion over how many oz they want. I have heard everything from 600 MILLION TO 1 BILLION. What is true is, they are still buying, are you?
But what is factual is , they have been buying for 5 years. 5 years ago silver was at $28.88 an oz, today it is at $16.67 an oz. so with that being said they WILL NOT LOOSE ON THERE INVESTMENT. So silver will at least top the $30.00 an oz mark.
Look its pretty simple, if you own 500 million ozs of silver, you pretty much controll the silver market, you controll the dip and the rallys.
THEY WILL HAVE THE LARGEST PROFIT IN HISTORY. WILL YOU BE PART OF THAT HISTORY?
Keep stacking as long as JP Morgan is stacking.
Follow me @raybrockman
Upvotes and resteems are appreciated
This post received a 2.6% upvote from @randowhale thanks to @raybrockman! For more information, click here!
I told a friend who work's for JP Morgan about the company's bolstering of their position in silver. He had no idea and was interested in finding out more. I find that it is one thing to know that they are increasing their stack and a whole other level to understand the implications of such long positioning. I feel blessed that I am in the know and understand why it's important to take action myself! Great article bro! I will resteem! This deserves a big payout!! 👍👍💯💯
Appreciate it buddy, thanks for the resteem.
J P Morgan said it himself,
( Gold is money everything else is credit )
strait from the horses mouth. You can add silver to that too. Cheers
Agree, but they do hold way more silver than gold. They have a plan trust me. Keep stacking my friend.
I think the big question we have to ask ourselves, is what is their primary motivation? Are they doing this simply to keep silver in check in order to preserve fiat, much like governments and central banks do? Do they plan on hoarding more and more, until the price is forced to skyrocket due to a shortage that is likely going to happen anyways, and then sell at a profit? Or, are they holding onto these physical assets, because they know this system is fake, and they want something to build off of when it all falls apart?
I think it could be all of it but they do not do things with the intent of loosing money, they will profit from this. Thanks for the visit my friend. Keep stacking.
You're right, the first reason could still go hand in hand with the last reason.
silverfortune your real smart about metals my friend...I think your mind goes off in all types scenerios, but again yes I agree in the price will just skyrocket anyways due to supply and demand. The question is if it does, when and how fast will it go back down just like the $48 once silver that did not last long when investors sold their stacks or partial
This is PERFECT information for anyone who wants to learn more about investing in Silver bullion. Thank you for sharing this with the #steemsilvergold community. Upvoted & ReSteemed!
(Already followed you a while back.)
Thanks my friend.
Thank You @raybrockman another very informative post. Where do you find these nuggets of information? Upvoted and resteemed.
I wake up thinking about silver and i go to bed thinking about silver. Maybe its a sickness. Keep stacking my friend.
Stack it high, stack it often...I love the maples myself :) Great advice!
Agree, stack it high. Thanks for the visit and comment.
Watch what the rich are really doing but don't listen to what they say hahaha. Freeport vaults in Singapore's airport is full of gold and silver bars and its not enough to store them.
@thecoolplayer i like that, "watch what the rich are really doing but dont listen to what they say" very good words to survive with. Thanks for the comment and visit my friend.
Follow where their money is going. If they're buying silver, then I should be also. They'll manipulate the price until it's time for them to reap the rewards.
I'm looking forward to that day.
I've been hearing this for years now. Probably self preservation reasons. The old adage heads they win and tails you loose seems still true.
I think as long asbyour holding silver it wont matter if it heads or tails, you are gonna win. Thanks for the visit and comment.
Time buy and to keep stacking it high
Let's hope we have enough silver in our pockets before the explosion or you may never be able to afford a mercury let alone an eagle
Silver is so manipulated, I still do not understand how they get away with it. Silver, gold and crypto are my investments now, I left the stock market last year.
Its still manipulated because they are not done buying, nor should we be done. Thanks for the visit and comment.
SILVER, WHY YOU NO HIGHER? ლ(ಠ益ಠლ)
Well done post @iqbal05. You deserve for getting Upvote from me. I appreciate on it and like it so much . Waiting for your latest post. Keep your good work and steeming on. Let's walk to my blog. I have a latest post. Your upvote is high motivation for me. Almost all Steemians do their best on this site. Keep steeming and earning.
Well done post @iqbal05. You deserve for getting Upvote from me. I appreciate on it and like it so much . Waiting for your latest post. Keep your good work and steeming on. Let's walk to my blog. I have a latest post. Your upvote is high motivation for me. Almost all Steemians do their best on this site. Keep steeming and earning.
Heirloom Seeds are the currency of the future, but I'm a gardener so I may be biased.
You might be right. Thanks for the visit and comment.
Great point of JP buying silver 5 years ago for $28 and not waiting till now in their controlled market to buy for less. They know whats going on and what this metal is worth. I think that judging by how much in deficit of silver we were last year (-415 million OZ's) + double that this year, they won't be able to keep buying for much longer. All and all this is another sign that we are nearing the end! Great blog! Uppost and following you now too...
Hi there, could you please explain how there can be a silver deficit? Many thanks.
This post has received a 30.59 % upvote from @booster thanks to: @raybrockman.
I like this new steemsilvergold tag... Besides Pocket Change I'm also into Gold and Silver... Yes, like most of you I have more silver than gold... Stands to reason, right...??? Do to the fact that Gold is out of reach for most people trying to make ends meet... Silver is possible if only on a very small scale, but for most, gold is out of reach... For those who can't afford holding onto Silver, the next best choice (in my opinion) is Pocket Change... Thanks...
@pocketechange
Great article, thx for taking the time to post this
Wow, didn't know about this! Thanks for the info! I'm going to keep stacking no matter what!
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how do you know this? a link to help verify your statements would be great..