Discussion in 'Bullion Investing' started by sakata, Jan 18, 2018.
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Can you say market manipulation....
It's hard to imagine seeing that much silver in one place!
I can say it very well. I have been practicing for over ten years.
675 m oz silver hold . That a lot silver market price 17 dollars today is over 11 billion dollars .
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?
Well if silver price go up that will be a lot money .
I think that is why they are keeping it low until they accumulate enough.
Well low price silver is good to buy I guess , we will see high price silver soon form now
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 ............
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.
Or even less...
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!
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.
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