Imagine the end of dollar happens because the banks shorted silver. Wouldn’t that be poetic?
(media.greatawakening.win)
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Silver ends the banks. Gold ends the fed.
Rope solves most of this...
Time to go long on short rope?
We may need some silver bullets, though.
(In Minecraft, of course).
Keep in mind, the reason they dont name names is because it'll instantly start the bank runs, and the DS can't have that with bail-ins being planned.
BUT...JP Morgan Chase, BoA, and maybe even Wells Fargo is on the list I'd wager. They're heavy short on Silver, and that'll be the catalyst.
I am under the impression that JPM holds 120 million ounces, and is long silver.
BofA however...... they play the shorting game. of course in conjunction with JPM, so they can earn on both sides by paper shorting, rolling over and spikes, and rolling over.
That is the game.
however..... since gold became NSFR compliant per 1-1-23..... there is a way to alchemize paper into deliverable, cheap silver and gold is moving east ...
the squeeze is on, big time ....
As far as I'm aware most of that silver is being held on behalf of clients for their private banking sector. Ergo, it's not actually "theirs", they're just custodians of it and are holding it in their vaults on behalf of their customers.
Last time I saw anything, JP Morgan was up there with the biggest silver naked short sellers on the planet. Once the squeeze happens, I'd imagine all the major "big" banks will fall, and tank the entire international system with them.
In all honesty, the only "big" bank I see surviving this, is ironically enough, are the big intenational swiss banks. After they had that debacle a couple years ago where one of their big banks almost failed and UBS had to buy it out to save it, they reigned in their entire banking sector with an iron fist since that's literally their biggest industry.
So swiss banks are now deleveraged quite a bit, and they're also not in the shorting/naked shorting game anymore. They're most just doing the absolute lowest risk investments possible outside of their private banking sectors, but that only caters to uber wealthy people.
So UBS, and other Swiss banks are probably gonna come out like a bandit, but otherwise, I think we're gonna see the end of most large bank monopolies, alongside a skyrocketing silver price.
"skyrocketing silver price" My favorite words of the day! Yum Yum!
So much better to hold physical assets.
Buy and hold
I think Citibank as well.
...HSBC
BAIL IN, incoming?
LMAO, yes this is the word my brain tried getting out but my fingers said something else. Thanks fren 😂
2:30 EST Spot Prices:
Gold: $2756.16
Silver: $33.84
Happiness is bent safe shelves 😁😁😁
Plus a hefty premium. I wouldn’t sell my silver for spot. I would also charge a premium. It’s between 3-6 dollars depending on what you buy.
Definitely... you gotta get your premium back. Eagles are killer...
For the most up-to-date information on this, follow Biz Weir on YouTube. He is the ultimate guru on the subject for the last 20 years. BTW, buy as much physical silver as you can afford now. If you are loaded up on Gold, sell that and buy Silver. Silver is going to explode, but don't trust me, do your own research. https://www.youtube.com/results?search_query=bix+weir
https://x.com/kshaughnessy2/status/1849630083541004381
Can't find a list of the 5 banks, do you have it?
Just stay the fuck away from my CU
I think CUs are better than banks, but they still bank in fiat which is gonna craaaaaaash hard.
There is about 250 times more paper silver than physical silver.
That a short squeeze the likes of which has never been seen before in the metals market will occur is a dead certainty, only a matter of when now.
Silver is about to moon, hope you all have some put by already.
Not one word about which banks.
All branches of Faek, Stewped, and Ghei
As a xxx oz holder I approve.
That explains why CME will be raising margin requirements by 4.3% on silver futures after today
https://x.com/profitsplusid/status/1849609650305630620?t=2ClzlWUrp3fMSJtFoi8JjQ&s=19
From a poem called “Song of Myself” by Walt Whitman.
Imagine that it is engineerable from the stand point of the plan. While people were buying bitcoin I've been buying silver.
I didn't know it was over $30. Procrastination
It might not be too late. The true value is probably double or triple the current value. Price is high for me, so I've only gotten a few things I like - a handful of silver eagles and a few specialty coins that sell close to spot price. I figure I won't lose much if the price drops and I have to sell, but I'll still want to keep them if I can.
Junk silver dimes have less premium. I have a roll of silver dimes from our metal detecting club's seeded hunts. Why didn't I buy $5 GP in the 90's for under $200 ea.
We all missed out fren. I bought a half dozen rounds at ~$10 each when silver dropped way down. It was cheap bet on silver and all could justify at the time. I didn't get any more until a year or so back. I should have justified 10X that many - but that would have been a hardship at the time.
why the fuck are banks gambling on options
I’ve always seen, “hold physical” recommendations.
Been wondering if it’s time to GameStop the paper silver market. Meaning, start buying a few shares of SIVR, SLV, or AGQ.
Bad idea?