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<p>[QUOTE=&quot;Cloudsweeper99, post: 1015886, member: 3011&quot;]I know everyone wants to believe there isn&#039;t any gold in Fort Knox.&nbsp; But until proven otherwise, it is probably safest to assume that it contains the reported amount.&nbsp; And that brings up the question of who cares and why does anybody think it is important?&nbsp; </p><p><br /></p><p>Regarding JP Morgan&#039;s silver position, a lot of people assume they are naked shorts.&nbsp; However, one of JP Morgan&#039;s largest clients is the government of China, which has enormous silver reserves.&nbsp; It is possible that JP Morgan is just basis trading in the silver market to earn income on the metal holdings for their client, and that their entire short position is fully backed by silver.&nbsp; It is dangerous to assume they are &quot;naked.&quot;&nbsp; Basis trading doesn&#039;t require delivery of silver and is entirely safe.[/QUOTE]</p><p><br /></p>

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