JPM owns 100,000,000 ounces of silver
JPM has sold 5,000,000,000 ounces in paper silver
If the price of physical silver gets driven up lets say 10$.
That means JPM's physical holding is worth 1 billion.
OMG YOU RETARDS ARE MAKING JPM MONEY!!
STOP BUYING SILVER!!
Guess what smoothbrain?
Their 5b in paper ounces now makes JPM liable to pay out 50,000,000,000
Yes that 50 billion dollars now JPM has to pay out of people redeem their paper silver.
Now imagine the whole market. Think that there are 500billion ounces of PAPER silver.
If the prices goes up 10$ 50% of the banks owe more money in paper silver than they are worth
If prices hit 50$ EVERY SINGLE BANK IS INSOLVENT.
Edit This is by no means an instruction manual to crush everyones 401ks, pensions, the whole thing. This is by no means a way the people could pull the veil off the final system and see whats really under neath. My favorite flavor is Blue crayon. This is more a warning I guess. That people need to have physical assets on HAND. Because this is how FUCKED UP AND CORRUPT our market is.
Also I dont know JPM's current paper silver sales. Last I saw they have 110 million ounces.
In 2014 bloomberg reported that the banks had leveraged the paper silver 250:1 of physical.
So grandscale is that there are 500-750 billion ounces of paper silver.
Silver goes up 10$ who the fuck is covering the bill on paper silver?
GME was a test run
yes GME was the foot in the door to stress capital requirements of the system.
If GME spreads to the banks(which it probably is going to ) then Silver is the final nail in the coffin.
and has nothing to do with SILVER
The silver purchases could stress the fed to the point that the nation has to fall back upon the gold standard again.
Melvin Capital- the hedge fund that is being outright destroyed by crowd-sourced GME/AMC stock purchases- is one of the world's biggest Silver investors. Buying Silver stock only helps them to recover their losses. They are sending shill assets all over the internet and instructing media to promote some fake news story about WallStreetBets (the subreddit this all ORIGINATED from) "switching over to silver" so people will think it's the next big thing. It's not true. NOBODY there is recommending silver stock purchases. If you buy silver, buy PHYSICAL silver from your preferred local sources.
None of this is financial advice. I'm just a retard and I like the stonks. If you buy stock, you probably want to buy GME or AMC stock instead of getting misdirected by the fucking media. Keep the pain on those hedge funds. HOLD until those stocks reach the lunar surface- because every day that we hold, the banksters suffer an incalculable financial loss. GME doesn't appear to have any "limit" on how much it's worth can increase, so long as people involved with this HOLD.
Speaking of hedge funds, I read that WallStreetBets is now pretty much the world's largest decentralized hedgefund. Isn't it crazy what people can accomplish when they work together? :)
Yes do not buy paper silver.
BUY PHYSICAL SILVER!
Antique stores often have silver too. I know a local one that has a ton of old silver coins.
That had plenty they were just priced according to silver pricing.
no buying phys silver is so you have something to trade for food and water so your children dont starve to death.
That or you can prostitute your daughter....
and you clearly did not read my post.
I think you are 100% the JPM shill.
Buying physical silver destroys the market.
Think whatever you want and buy whatever you want. Zero fucks given on my end...but GME/AMC are where all the pressure is being put on our Globalist Puppetmasters right now. It's wrecking them like nothing else ever has.
They have now realized their mistake in trying to crash GME/AMC's worth and will do ANYTHING to take that pressure off of them. "Anything" includes using the Media to distort/misdirect the truth and steer people into buying silver stock rather than GME/AMC. They're even shilling at WallStreetBets trying to sway popular opinion there, too. Fuck them, these diamond hands are holding...
yes GME is putting a ton of pressures on the hedge funds and their brokers. Soon that will spill over to the banks.
Guess who is a bank?
JPM.
If JPM has to start selling off their longs to cover their losses from GME and they are sitting on 5 billion ounces of paper silver.
If paper silver goes up 10$ JPM is 100% bankrupt.
IMO, we should focus on one thing at a time. That they (and the media) are so desperately trying to manipulate the story and misdirect people to silver...by outright lying about "what the WSB people say as the next big thing..." (esp. when we HAVE NOT claimed any such thing.)
The Short Squeeze has not Squoze yet in regard to GME/AMC. Still plenty of time to get in.
The thing is, we’re outnumbering (((them))) 100million to one. We can afford to fight the war on 2 fronts, they can’t. One group is focused on GME/AMC, and holding the line just fine. I’m in another group buying physical silver. If you buy paper silver, your first step is to buy something that can be claimed in real, and claim it. Claim it all.
It’s nothing wrong in doing both.
Disclaimer: this is not a financial advice blah blah.
no the powers that be on WSB which is reddit(aka the deepstate) does not want an organized push into silver.
Everyone is way overexposed on the paper silver and literally like 5$ increase is going to be trillions of dollars in debt on the issuers of paper.
GME is 100% the play. It is forcing liquidations of longs to cover short exposure and if things are like they always been then there were alot of side bets and the exposure is 10x that of just melvin. Melvin had like 14b in assets spread out into 400b in debt.
Closing 400b in longs is brutal and exposes EVERYONE.
Not financial advice, but people should have a stack of physical silver so they can buy food and water when this whole things goes tits up.
That's exactly the point. They don't have the physical to pay their debts. If the point is to kill the banks, this is one of the fastest ways to do it.
Looks like JP Morgan has LARGE QUANTITIES of REAL SILVER, not just paper
https://gsiexchange.com/with-jpmorgan-back-in-the-mix-the-hammer-is-now-about-to-fall/
They were bullish on silver in April when that article was written. They said in this article "most experts believe JPM has not taken a single loss trading COMEX gold and silver futures in over a decade."
You better dam sure know what your doing in the Silver Market game, because it's obvious those boys do.
Shorting Silver mean they want to actually buy physical Silver and hold it. They got rid of their shorts which means they want to GO LONG and dump physical Silver on the market at a HIGH PRICE. Making JP Morgan richer is not a good idea. That is a very basic view of my ideas on Silver
Silver is at a high price if you look at the 10 year charts. I think Silver is a suckers play right now, but I would love to her some one with real info.
you have like zero fucking reading comprehension.
They own 100m in silver but how much paper silver did they over sell?
If its 10 billion ounces(prob a low estimate) then their 100m in physical silver is going to appreciate much slower than the paper.
Its like not hard people to understand. Use like 10 fucking cells.....
Show me a "REPORT" whiz kid...of the Paper, not your opinion. Did you read the article...no...ROFLMAO. You can tangle with JP Morgan if you need a hard lesson. The boys who did GME said no one there is talking of trading Silver...here is some real info
https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/
"If prices hit 50$ EVERY SINGLE BANK IS INSOLVENT."
Pretty sure that's the point.
Yep, got to bring the whole diseased system down on their heads some how.
I’ve been in the silver game for years. It never does what the experts say. It doesn’t matter what the price of oil is, or what gold is doing, or QE, or inflation. There’s no Head and shoulders on the graphs that indicate this or that, ever panning out. Silver is either heavily manipulated or heavily manipulated. If you just keep buying it for years, a little at a time, like twenty bucks a week, in the end you might eventually win a silver lottery.
Slow and steady wins the race. Silver is a great horse to have in the race, imo.
Heavily manipulated. Of supply dries up though, there’s only one way it can go.
So buy both? Then when price hits above $50 hold physical but sell paper for profit?
i would just buy physical silver. Paper is paper. And when JPM is bankrupt and cant pay out on their paper? Well atleast you have a stack of silver coins.
I have never once said buy paper silver you FUCKING RETARD.
No they don't. Buying up the physical silver will make it impossible for the banks to pay back the artificial (paper) capital they owe to their account holders. Inevitably, this will lead to the crash of the paper currency which is basically an I.O.U. for a specific quantity of silver.
So if you blow your cash on the paper I.O.U. you'll be SOL when there's not enough physical silver left to reimburse you and thus the paper effectively becomes useless. The physical silver you buy, however, will not only continue to hold value, but will INCREASE in value due to demand outpacing supply.
It's easier to understand if you think of a static quantity of silver (say, one ounce) being like a tangible, more digestible analogue for a share of company stock. Shares of stock are effectively an entitlement to a certain quantity (a percentage, in an ideal market) of a company's capital, kind of like how paper silver is a certificate entitling you to a specific quantity (a number of ounces) of silver.
The problem with JPM (and banks) is that there are more bills in circulation than there are ounces of silver in its coffers. Potentially 90% more bills than ounces. This is why you buy physical silver instead of paper; so that when the 10% of physical silver runs out, you arent screwed out of your money like the 90% of people who opted for paper instead.
Unfortunately that's not how paper silver works. Most of it out there cannot be redeemed for physical silver, it only trades at silver prices.
It can be redeemed for cash, though.. so if the price of physical is high and paper holders all cash out at the same time, then it's def a thing to be reckoned with. Banks will need to raise cash by closing long positions, selling bullion, or straight up default on the paper.
Defaulting on the paper is the direct concern that should dissuade you from buying it when you can purchase physical silver instead. The metal will retain value when the paper becomes worthless.
Yeah this "only buy GME" rhetoric feels like someone is trying to screw people buy encouraging them to put all of their eggs in one basket.
No they are just retards who like the stock.
Stonk*
This is why I don't invest. I've ordered to set myself up with tangible goods and knowledge, like farming and hunting. I won't need to rely on anyone once all this shit hits the fan. I have a very real feeling that EVERYTHING will all come togeyher at once, which will akeks things hyper turbulent across the board. And when that does happen, I will be in one of the best positions to be in: fully and completely sled sufficient.
This is the right place to be!
Also... Keep this in mind
The Bank of New York Mellon does not, however, deal directly with the public. In order for a shareholder to take delivery of the actual physical gold, he or she must be an authorized participant and deal in 100,000 share blocks. In addition, one looking to take delivery must make arrangements with their broker. That being said, a 100,000 share block at current prices equals a monetary value of approximately $12,572,000. Needless to say, this may be out of the reach of the vast majority of investors. The bottom line is that while taking delivery is possible for some, for most it is out of reach financially and also involves a process. In terms of SLV, a similar issue is presented. In order to try to redeem baskets of shares in SLV, one must be an authorized participant and deal in 50,000 share blocks. Once again, the large amount of shares required to take delivery may make it prohibitive for most investors.
In a large economic emergency, they don't have to exchange anything for you and you will be left with a worthless paper referencing gold or silver that doesn't belong to you.
TLDR if you are going to but precious metals, buy it physically.
THIS!^^
Yes I know. But it is supposed to tie to the price. So if physical silver goes up to 50$ then guess what these places are going to have to raise their prices.
Once $GME hits 69,420.69 the apes will throw into silver.
and imagine what happens next?
The whole system is fucked.
The system has been fucked for a while. But now you have generations of gamers exploiting the same broken system and the establishment is freaking out.
It’s glorious
Ya the system has been insolvent for 20 years. The stress of GME/AMC and then silver will DESTORY THE SYSTEM.
More I am looking at SLV.. it's not a short. GME had a multi billion wall to break. Nice it happened. SLV has a Trillion wall to break. It can only break after the GME. This must be the banks plan. Distract at silver to save GME.. I don't know.. this is going to be interesting.
Physical silver is the way to go. There isn't enough actually dug up from the ground to cover their shorts.
Ya because if the banks cant cover their paper silver ounces then you are stuck with what paper?
I stopped buying silver when I reached my goal. I now own my body weight in physical silver. It's a good start but I won't buy more unless(if) it drops back under $20.
to be honest i think the real game is with gold, gold has a much higher market cap, is much more heavily traded and is much more manipulated
silver is easy to run, but the real game is with gold that is also short sold to the wazzoo.
gold for years has been massive manipulated even intra day
lots of good info on zero hedge about this
are they shorting physical silver? I thought this only applied to shorts
Every single bank is insolvent by definition. Hence the need for Basel I- IV.
In order to appear NOT insolvent, they figured out a way to up their "capital" in tier I - III.
However, stress tests show the majority of banks can handle stress. https://www.arabstoday.net/en/243/ecb-stress-test-finds-banks-resilient-to-rising-rates-045021
The same goes for US banks. https://www.fool.com/investing/2020/06/27/the-fed-just-released-bank-stress-test-results-her.aspx?source=awin&awc=12195_1612201178_e7a98c57f34d368fbeeae9d261a36d97&utm_source=aw&utm_medium=affiliate&utm_campaign=101248
All is well!
Or so they say ...
Upvoting purely for the insult.
Yes, exactly, been happening for YEARS!!
apparently, people who bought physical silver received IOU claim tickets.
And apparently those claim tickets are 100-200% of the silver on hand.
So we need people to call delivery on those Silver IOU claims.
You are completely wrong, red crayons are the tastiest!!! Everything else you were spot on though. See what I did there?! Spot on, awe never mind I will see myself out.
What are your thoughts on what Tim Poole says about this? https://youtu.be/5oAEPVY4eGY
He is pandering to the wsb crowed to try and gain some viewers? Since he turned his back on Trump and went full retard on no evidence of voter fraud?
No one likes to be called a smooth brain but, yes this explains it. Thanks, I'm now less smooth. I kept seeing posts saying if you buy you help the elites. I believe that they overextend themselves...
I have seen many comments in youboob saying no one is buying silver
“Smoothbrain” hilarious!! Lol
To much back door deals with GME. At this point GME is just showing us corruption and how the game is rigged. Most should realize after GME that fuck game. They are now longer playing. Sit on physical silver.
Ok, I will admit that when it comes to large scale economics I am a self-proclaimed "smoothbrain retard" in search of a "ridge". What happens when/if the banks collapse? My money? Live savings? Mortgage? Are we suddenly homeless and back to the barter system? Seriously asking bc this is even scarier than a stolen election, deep state pedo, corrupt courts...etc.
Please take it easy on me, I'm sure I'm not the only smoothbrain out there wanting to know the same things...TY
STOP BUYING SILVER - THEY ARE PLAYING YOU
Sounds like you are worried about your stocks.
exactly. Silver will pop the system and everyones 401k, retirement, pension is going to ZERO.
Buy physical silver so you can trade it for food and gas.
"Buy physical silver so you can trade it for food and gas" LMAO that actually made me laugh. You have any evidence that's happening? Please feel free to give actual evidence and not just your take on it.
We only have Venezuela to look at when we ask how the dollar can collapse and be worth nothing. If I have silver coins or whatever kind of silver in my hand, at least I have something of value to trade for something I need. Do I think it will come to that? probably not but better to be prepared than not.
100% with you. Hope for the best, plan for the worst.
All my prepping won't hurt me. And if shit goes sideways, it could save my life and allow me to help others.
Or we can trade rare pepes and btc when it all goes tits up. https://www.breitbart.com/tech/2017/03/27/venezuelans-using-rare-pepes-bitcoin-currency/