That is true if it is their silver and not their client's. Also there are questions surrounding whether or not that silver has multiple claims on it through the paper market and/or leasing it.
This is why we need to buy the physical metal for it to work. Cant lay claims on something someone rlse has at the end of the day, especially when thousands to millions have it.
Exactly, if JP has a billion in physical and a billion in paper, they are actually holding someone else's physical. In reality, they are probably at 3 or 4 paper to one physical, they will never be able to dig out of that hole.
JP Morgan has plenty of silver. All we would be doing is making their silver worth more.
That is true if it is their silver and not their client's. Also there are questions surrounding whether or not that silver has multiple claims on it through the paper market and/or leasing it.
This is why we need to buy the physical metal for it to work. Cant lay claims on something someone rlse has at the end of the day, especially when thousands to millions have it.
Exactly, if JP has a billion in physical and a billion in paper, they are actually holding someone else's physical. In reality, they are probably at 3 or 4 paper to one physical, they will never be able to dig out of that hole.