Egyptians Turning to Silver to Hedge Against Inflation
(www.activistpost.com)
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Short selling silver is what JPMorgan (and others like HSBC) does to help keep the price suppressed. And you're correct with COMEX - it's all paper tomfoolery where they are supposed to have the physical assets to back up the paper contracts, but they don't. It's a complete scam: https://www.businessinsider.com/jpmorgans-nickel-bags-turned-out-to-filled-with-stones-2023-3
The LME first announced the "mix-up." Like, woops, we though were were filling those bags with Nickel, and mistakenly filled them with stones.
We've all done that right? Go to the store, pay 55c for an item. Give the cashier two quarters, and a stone by mistake.
Do they assay the bricks that are in depository? I am learning that a gold 1 oz. bar can be faked in extraordinary detail where multiple test are required to spot the fake.