WHY IS JP MORGAN ACCUMULATING THE BIGGEST STOCKPILE OF PHYSICAL SILVER IN HISTORY?
Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver?
Image Credits: 23972840@N04, Flickr.
Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver?
Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not paid off. But it will pay off in a big way if we will soon be entering a time of great financial turmoil.
During a time of crisis, investors tend to flood into physical gold and silver. And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently stated that “there will be another crisis” in a letter to shareholders…
Some things never change — there will be another crisis, and its impact will be felt by the financial market.
The trigger to the next crisis will not be the same as the trigger to the last one – but there will be another crisis. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called “bubbles” (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets
And Dimon is apparently putting his money where his mouth is.
If Dimon believes that another great crisis is coming, then it would make logical sense to stockpile huge amounts of precious metals. And in particular, silver is a tremendous bargain for a variety of reasons. Personally, I like gold, but I absolutely love silver – especially at the price it is at right now.
Over the past few years, JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before. In fact, JP Morgan has added more than 8 million ounces of physical silver during the past couple of weeks alone…
*****
According to a detailed report from The Wealth Watchman JP Morgan Chase has been amassing a huge stockpile of physical silver, presumably in anticipation of a major liquidity event.
They’re baaaaack. Yes, “old faithful” is back at it again!
Of course, they never really left silver, and have been rigging it non-stop in the futures market, but for awhile there, there were at least no admissions of newly-stacked silver being made in their Comex warehousing facilities.
Yet, after a 16 month period of “dormancy” within their Comex warehouse vaults, these guys have returned with a vengeance.
In fact, our old buddies at JP Morgan Chase, not only see value in silver here, but they’re currently standing for delivery in their own house account in such strong numbers, that it commands our attention. Let me show you what I mean.
Here’s a breakdown of the Comex’s most recent silver deliveries to JP Morgan:
April 7th: 1,110,000 ounces
April 8th: 1,280,000 ounces
April 9th: 893,037 ounces
April 10th: 1,200,224 ounces
April 14th: 1,073,000 ounces
April 15th: 1,191,275 ounces
April 16th: 1,183,777.295 ounces
This is a huge bout of deliveries in such a short space of time. In fact, within the realm of Comex world, it’s such an exceptionally large amount, that it even creates quite a spike on the long-term chart of JP Morgan’s vault stockpile:
All in all, JP Morgan has added over 8.3 million ounces of additional silver in just the past 2 weeks alone.
Full report at The Wealth Watchman (via Steve Quayle andRealist News)
*****
So why is JP Morgan doing this?
Do they know something that the rest of us do not?
Meanwhile, JP Morgan Chase has made another very curious move as well. It is being reported that the bank is “restricting the use of cash” in some markets, and has even gone so far as to “prohibit the storage of cash in safe deposit boxes”…
What is a surprise is how little notice the rollout of Chase’s new policy has received. As of March, Chase began restricting the use of cash in selected markets, including Greater Cleveland. The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans. Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes . In a letter to its customers dated April 1, 2015 pertaining to its “Updated Safe Deposit Box Lease Agreement,” one of the highlighted items reads: “You agree not to store any cash or coins other than those found to have a collectible value.” Whether or not this pertains to gold and silver coins with no numismatic value is not explained.
What in the world is that all about?
Why is JP Morgan suddenly so negative about cash?
I think that there is a whole lot more going on behind the scenes than we are being told.
JP Morgan Chase is the largest of the six “too big to fail” banks in the United States. The total amount of assets that JP Morgan Chase controls is roughly equal to the GDP of the entire British economy. This is an institution that is immensely powerful and that has very deep ties to the U.S. government.
Could it be possible that JP Morgan Chase is anticipating another great economic crisis?
We are definitely due for one. Just consider the following chart from Zero Hedge. It postulates that our financial system is ready for another “7.5 year itch”…
JP Morgan certainly seems to be preparing for a worst case scenario.
What about you?
Are you getting ready for what is coming?
Replies
my son works for jp morgan in Manhattan in wealth management -I'll ask him if he's heard anything
You can be quite certain that none of the nosense that goes on at the spiritual sites nor the conspiracy sites, have any relation to what goes on in the actual institutions.
I have a cousin in the ECB, and he can confirm none of the things that have ever been said on this site and others, about the economy. ;)
The tinfoil world and the real world, have always been separated by a ,7mm layer of tinfoil. That's a universal fact. :)
ACUTE OBSEREVER: you are (STILL) ignoring the fact that all fiat currencies have failed, and will fail (regardless of how many times we can threaten to blow up the planet to keep the failed and defrauded Bretton-Woods Agreement going).
Fiat currencies are pretty pieces of paper backed by a BELIEF that it has value. Gold and silver has held it's value for over 2000 years (regardless of how much we can mine or amount that is available); an ounce of gold paid out by Julius Caesar bought you a nice robe, a nice pair of shoes, a nice head piece,and a nice night out for dinner with a lady with the leftover amount. IT BUYS THE SAME EQUIVALENT AMOUNT TODAY WITH IT'S CURRENT CASH VALUE. Likewise, an ounce of silver bought you a very good meal during the days of Julius Caesar, during the days of Andrew Jackson, AND THE SAME EQUIVALENT AMOUNT TODAY BUYS YOU THE SAME NICE MEAL BASED ON IT'S CURRENT CASH VALUE. Cash HAS NOT.
The Chinese are creditors (AND NOT DEBTORS, LIKE THE U.S.) and they are currently considering the converting of the Yuan from a fiat based currency into a gold-backed currency. If this does indeed happen, it will force the price of gold (AND POSSIBLY SILVER) to increase in value, possibly ten fold (along with most tangible assets) due to this lack of supply that you have pointed out. So please cut the crap with your "tinfoil" bullsh*t" that gold isn't money. Tell that to the Chinese.
You keep flooding me with all this irrelevant data. Haven't you learned by now that that tactics does not work with me? ;)
Ah well, it's not the currencies themselves that have failed, it's the handling of them that leaves much to wish.
For instance, I can't for one moment understand how anyone could accept to be in debt. My genes are encoded with the sole instruction that I can never be in debt to ANYONE. Being so would demand me to use every ounce of my strength into cancelling that debt as quickly and efficiently as possible.
Yet, there are many many many people on this earth who have chosen the debt-situation as a lifestyle.
All I can do is to cite Jack in Stargate SG-1: For Crying Out Loud!
All americans currently owe about 500 thousand dollars to some unknown and possibly not very good nor decent credit givers. Pay that off first, then we can talk about how to build a functioning economy. :)
LOL BIG TIME!! Acute Observer says: "You keep flooding me with all this irrelevant data. Haven't you learned by now that that tactics does not work with me? ;)" YES I HAVE DUDE, because you are essentially stating "don't bother me with the facts, because my mind is already made up."
ARE YOU SURE YOU DON'T WORK FOR A GOVERNMENT?
"WHY IS JP MORGAN ACCUMULATING THE BIGGEST STOCKPILE OF PHYSICAL SILVER IN HISTORY?"
Because gold bars can easily be forged while silver bars can not. At least not NOW.
Here's a solution to the entire bs problem;
How about; instead of petro dollars or money backed by gold and silver only;
for instance-take all of the US fed gov land holding (there is more!);
Now estimate the value of the above in minerals, fossil fuels, land value etc.-let's say $20 trillion(probably a lot higher)
tie the US dollar to 5% -and only print $5 trillion in paper money!
since the 13 colonies never had enough British coins to go around promissory notes were issued and the explanation of how prices are reached is for an economist to explain but the people could trade with each other and of course pay taxes -it's always been a confidence game and still is-here is paper backed by real value -this doesn't solve the problem for those loud mouths who want to confiscate everyone's money and redistribute it but who cares
Read more: http://www.ashtarcommandcrew.net/forum/topics/akashic-records-repor...
Follow us: AshtarCommandCrew on Facebook
The gold and silver is currently going into the electronics industry where it does the most good. I am not sure whether there are enough free and storable gold and silver on this planet to match the worth of all the money that are circulating at the moment.
Actually you can match the amounts of gold and silver with with those pretty pieces of paper called "money" in circulation. It's called gold valued at $50,000 an ounce, and silver valued at $2,000 an ounce.
Lol, but since that does not differ much from our current economy, it would be a rather pointless move.
So, my original question stands: Is there enough gold and silver available to get Pet Rocks idea off the Thought-level and into Tangible Reality?
-
1
-
2
of 2 Next