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