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?
"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/