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JP Morgan now holds more silver than the Hunt brothers ever did.
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<p>[QUOTE="desertgem, post: 3030422, member: 15199"]Calling all "chicken littles". If there was necessary demand for physical silver that would actually demand even 1/10th of that amount, it would be a different story, one of supply and demand. But today almost the only demand other than traditional ones such as jewelry, electrical connections, optics, etc. , is the demand that can be manufactured by the side shown of " security and big rewards in the future" firms. Most of the people who stash precious metals "say" its for some financial crisis, end of world as we know it scenario, etc. But most scenarios realistically will show there are many other investments that would be more beneficial in such time than stored silver bullion. I like silver, it is pretty, but i couldn't eat it, it won't take the place of necessary prescription drugs, it is heavy, but it will not determine my future, financially or physically. if the price goes up beyond my limit , I will sell, if it goes below, I will buy. I can not believe that JPMorgan with all of their connections ( shady, political, other governements, could not find investments with greater returns. Halloween came early. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 3030422, member: 15199"]Calling all "chicken littles". If there was necessary demand for physical silver that would actually demand even 1/10th of that amount, it would be a different story, one of supply and demand. But today almost the only demand other than traditional ones such as jewelry, electrical connections, optics, etc. , is the demand that can be manufactured by the side shown of " security and big rewards in the future" firms. Most of the people who stash precious metals "say" its for some financial crisis, end of world as we know it scenario, etc. But most scenarios realistically will show there are many other investments that would be more beneficial in such time than stored silver bullion. I like silver, it is pretty, but i couldn't eat it, it won't take the place of necessary prescription drugs, it is heavy, but it will not determine my future, financially or physically. if the price goes up beyond my limit , I will sell, if it goes below, I will buy. I can not believe that JPMorgan with all of their connections ( shady, political, other governements, could not find investments with greater returns. Halloween came early. :) Jim[/QUOTE]
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