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?
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.