For all you smoothbrain retards who dont under stand silver let me explain it to you. Maybe you will gain your first ridge! - The Great Awakening

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For all you smoothbrain retards who dont under stand silver let me explain it to you. Maybe you will gain your first ridge!

posted 3 years ago by theDyingOfTheLight 3 years ago by theDyingOfTheLight +238 / -5

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?

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– theDyingOfTheLight [S] 4 points 3 years ago +4 / -0

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.

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