JP Morgan Chase and the other big Banks have been convicted of manipulating the precious metals markets, this is an easy explanation of how it is done, the process is called spoofing, it is illegal and people should go to jail for it but instead they just get a relatively small fine.
(August-11-2022) REUTERS - Ex-JPMorgan traders cleared of racketeering, found guilty of fraud
https://archive.ph/l5Rhs
"The case against the bank's former global precious metals desk head Michael Nowak, precious metals trader Gregg Smith and salesperson Jeffrey Ruffo is seen as the Justice Department's most aggressive to date targeting a manipulative futures trading tactic known as spoofing."
If they want to manipulate metals to lower prices, I'm fine with that, it makes it more affordable for us little people. I don't hold silver as an "investment"... nope, a time will come when all these manipulators are belly up and silver/gold will find its true market value and our currency will be in the toilet.
When that day comes, I plan to be a fat cat. But it's also wise to protect silver with lead, if you know what I mean.
Let's compare their pay to a modern soldier today.
$650 is still highly under valued for a soldier of any country. Also...
Gold & Silver PRICE MANIPULATION 🤪🤪 Easy Explanation https://www.youtube.com/watch?v=usvCBLyrBdI
JP Morgan Chase and the other big Banks have been convicted of manipulating the precious metals markets, this is an easy explanation of how it is done, the process is called spoofing, it is illegal and people should go to jail for it but instead they just get a relatively small fine.
(August-11-2022) REUTERS - Ex-JPMorgan traders cleared of racketeering, found guilty of fraud https://archive.ph/l5Rhs
"The case against the bank's former global precious metals desk head Michael Nowak, precious metals trader Gregg Smith and salesperson Jeffrey Ruffo is seen as the Justice Department's most aggressive to date targeting a manipulative futures trading tactic known as spoofing."
If they want to manipulate metals to lower prices, I'm fine with that, it makes it more affordable for us little people. I don't hold silver as an "investment"... nope, a time will come when all these manipulators are belly up and silver/gold will find its true market value and our currency will be in the toilet.
When that day comes, I plan to be a fat cat. But it's also wise to protect silver with lead, if you know what I mean.
There's always a demand for bullets... And I'd imagine they'd trade pretty easily with most people post-crash...