Scoop has an Ethical Paywall
JP Morgan Cornering Silver Bullion Market?
JP Morgan Cornering Silver Bullion Market?
- Why is JP Morgan accumulating the
biggest stockpile of physical silver in history?
-
Legendary silver analyst Butler believes JP Morgan in a
position to corner silver market
- JP Morgan may be
holding as much as 350 million ounces of physical
silver
- JP Morgan realises the value of owning physical
silver bullion today
- Silver at $16 today - Set to soar
to over $50 again
JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver, the world has ever seen.
The total JP Morgan silver stockpile has increased dramatically in the last four years. In 2011, JP Morgan has little or no physical silver. By 2012, they had acquired 5 million ounces of silver bullion.
Incredibly in the last 3 years, their COMEX silver stockpile has increased tenfold and is now over 55 million ounces.
Silver in USD – 10 Years (Thomson Reuters)
JP Morgan
Cornering Silver Bullion Market?
- Why
is JP Morgan accumulating the biggest stockpile of physical
silver in history?
- Legendary silver analyst Butler
believes JP Morgan in a position to corner silver
market
- JP Morgan may be holding as much as 350 million
ounces of physical silver
- JP Morgan realises the value
of owning physical silver bullion today
- Silver at $16
today - Set to soar to over $50 again
JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver, the world has ever seen.
The total JP Morgan silver stockpile has increased dramatically in the last four years. In 2011, JP Morgan has little or no physical silver. By 2012, they had acquired 5 million ounces of silver bullion.
Incredibly in the last 3 years, their COMEX silver stockpile has increased tenfold and is now over 55 million ounces.
Silver in USD – 10 Years (Thomson Reuters)
It would seem like a good opportunity to take a similar position to an institution which is very well connected and very well informed due to its relationship with and influence over the U.S. government, the U.S. Treasury and the U.S. Federal Reserve.
The smart and connected money, JP Morgan, however, seems to realise the value of owning physical silver bullion today.
JP Morgan’s silver accumulation suggests another economic crisis looms large and that silver is set to soar … again.
Silver is currently trading at just over $16 per ounce. GoldCore continue to believe that silver will surpass its non inflation adjusted high $50 per ounce in the coming years.
Indeed, we believe that silver will surpass its inflation adjusted high or real record high of over $150 per ounce in the next 5 to 7 years.
http://www.goldcore.com/us/#section-0
ENDS
Infrastructure New Zealand: Unlocking ‘Lazy’ Capital To Build New Infrastructure For Our Future
Parrot Analytics: Paramount Earnings - Can Ellison Strike The Right Balance?
NZ Trade and Enterprise: NZ Businesses Deliver $340 Million Trade Boost For New Zealand In China
Ngā Manu Nature Reserve: Celebrating The Return Of Tuatara To Ngāti Koata And Brook Waimārama Sanctuary
Employers & Manufacturers Association: Work-related Injuries In Manufacturing Create $1.23 Billion Economic Burden On NZ
Consumer NZ: Consumer NZ Questions Supermarket Specials: Are They Really Saving You Money?
