Imagine the end of dollar happens because the banks shorted silver. Wouldn’t that be poetic?
(media.greatawakening.win)
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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