JP Morgan now holds more silver than the Hunt brothers ever did.

Discussion in 'Bullion Investing' started by sakata, Jan 18, 2018.

  1. sakata

    sakata Devil's Advocate Supporter

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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Can you say market manipulation....
    spirityoda and asheland like this.
  4. asheland

    asheland The Silver Lion

    It's hard to imagine seeing that much silver in one place!
    spirityoda likes this.
  5. sakata

    sakata Devil's Advocate Supporter

    I can say it very well. I have been practicing for over ten years.
  6. Kevin wu

    Kevin wu Well-Known Member

    675 m oz silver hold . That a lot silver market price 17 dollars today is over 11 billion dollars .
  7. Don P

    Don P Member

    You know what they say, $11 billion dollars cant buy you what is used to ! :)

    675 M oz might seem like a lot, but how much is mined every year? Doesn't the mint stamp like a million ASEs/year, not to mention all the other silver products?
  8. Kevin wu

    Kevin wu Well-Known Member

    Well if silver price go up that will be a lot money .
  9. sakata

    sakata Devil's Advocate Supporter

    I think that is why they are keeping it low until they accumulate enough. ;)
  10. Kevin wu

    Kevin wu Well-Known Member

    Well low price silver is good to buy I guess , we will see high price silver soon form now
  11. StevieB

    StevieB Active Member

    forget about silver ever going above $20-$30 once it does jp morgan will dump it all and then we will be stuck again at $15 or even less for years to come ............
  12. sakata

    sakata Devil's Advocate Supporter

    You have a valid point. But it would be better strategy for them to corner the market and let it out slowly as the price continues to rise.
  13. mikenoodle

    mikenoodle The Village Idiot

    Or even less...
  14. -jeffB

    -jeffB Greshams LEO Supporter

    From the article:


    Those fiendish Manipulators! While the world is distracted by fiat's false promises, they've been buying up silver and LAUNCHING IT INTO SPACE!
  15. InfleXion

    InfleXion Wealth Preserver

    I'll bet they don't hold as much as China does. And guess whose on the LBMA nowadays.

    Regardless, do they hold enough to redeem every leveraged contract? Because if they don't, then it doens't matter how much they have, ain't enough to put the lid back on Pandora's box. I'm not real sure about silver (JPM runs the SLV), but last I heard gold was leveraged in the multiple hundreds to 1.
    asheland and sakata like this.
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