J.P. Morgan: The World’s Biggest Silver Investor (675 million ounces)

in #steemsilvergold6 years ago (edited)

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I stumbled across this article: The Last Great Silver Buy.

According to Theodore Butler, JP Morgan had the Perfect Trade in silver, by accumulating 675 million oz since 2011, while the price has been falling.

How did they do that?

By shorting the silver market, while accumulating silver over time.
The also used the silver ETFs (SLV) to get more physicals.

I suppose this is market manipulation and illegal, but as we know the Banksters rarely get caught and just double down when pressured.

J.P. Morgan has a profit incentive, so this could all be very bullish for silver if they want to drive up the price.

I usually do not believe in experts, because they are conform and lack soul in the game, but Clif High seems crazy enough that I’ll take him at least a little seriously.

His prediction? $1000 silver oz.

Data Miner Clif High on $1000.00 Silver, $10,000 Gold, Cryptos & More

At least the rise and rise in demand from the high tech industry, will certainly be bullish for silver. JP Morgan could be up to something too. Also, if the Governments are going to restore the faith in fiat again, they might want to consider precious metals again (gold mostly).

Personally, I do believe that silver is one of the best risk-reward investments right now.

I just cannot decide if I think the silver in the Steem rounds well be worth more or less than 1 Steem by the end of 2018.

Disclaimer: This is not trading advice. Do your own research.

Thank you for your time and attention. Steem on!

Follow me: @janusface

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I am old enough to have lived through the Hunt Bros. attempting to corner the Silver Market and what is very interesting to me is how the Govt. made them out to be Bad Guys but JP Morgan can have 7 times as much Silver and that is OK. What is wrong with this Picture ??

Well, I guess there are lots of corruption involved. Wall Street-banks sponsor Washington. I guess they want something back: Get bailed out from time to time, Get Out of Jail Free cards etc.

@janusface Yes the Banks especially JP Morgan are very criminal.

More reason to decentralize and get rid of this kind of acts of injustice.

Times have definitely changed since the Hunt Brothers. Today GREED is considered a Virtue.

Everyone is wanting Silver to shoot to the moon; I'm ok with stacking some more ounces now while its price is "suppressed" - looks like a good time to cash-out of Cryptos into PMs!

I remember the Hunt brothers as well if they had been banksters they would have never went to jail.

That is unfortunately true!

JP Morgan has accumulated that big pile, the biggest ever, with the afore-knowledge of how this is going play out — they have written the script!
The main reason they hold so much physical is because they know it is valuable come what may.

I love it when ordinary folks make these kinds of things known to the masses. Thank you so much! We all need to do our part to ignore the smoke and mirrors and the soundbites and keep focus on the facts and the actions taken by those with power and vast resources. We must remember that keeping freedom takes constant vigilance, and the cornerstone of freedom is individual property rights and access to resources. HODL on!

That's interesting. Clif High has some good calls despite the somehow alternative approach.

Personally, I can only take his predictions in small doses - sometimes I wonder if he's "high" like his last name would indicate :)

@janusface,
You understood the market very well! The recent example of BTC says the same! Whales, not STEEM whales, in their ocean STEEM whales are just minnows! So, these whales can change the entire market place in a single night! But after all these are metals! So, demand always go high!

Cheers~

Good article j-face. If JPM has all that shiny, you know it’s going to blow sooner or later.

Also, thx for schwacking 90 Shot with a boomer :)
I went and looked in on your profile, Nd much to my dismay, the gimp-cat is messing with you too. I have little power, but i’m watchin’ and flaggin’

👊😎

I am pretty bullish on silver for that reason. Could be wrong though. Going long silver has been a 'widow maker'. But in the loong run, mathematics will win. Thanks! Together we can fight off this mean cat.

you're totally right the fiat bubble is going to burst it is just a matter of time. Only look here in Europe. ECB is leaving interest at almost 0 rate ad buying foul credity and bons with tax money just to make the Economy look better. In Germany there is a lot of economical growth that doesd not come from real profits but from expanding monetary policy. It is just a matterof time before this will blow up again.

@janusface, Absolutely Silver is the best investment scheme. I saw comparison info as you shown here. Then I can guess Silver invest has some risk. Without get some risk can't do invest this platform. JP Morgon is such a profitable silver investor. Follow him best way.

That is incredible that Jp Morgan has that much silver. But when you manipulate the market you can do anything. I hope you are right about the steem price marching the silver price. Great post.

Wow, that's crazy.

Their president also said Bitcoin Was a scam in the News and when BTC price goes down because of what they saidt hey buy many of it and make big money.

Yes, they probably going to use a similar strategy for accumulating BTC. Create confusion and hoard BTC simultaneously.

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