Loading ...The Silver market is tiny even in comparision to the gold market wich is tiny compared to most other commodities. if and when gold goes up substantially silver historically outperformes. not worried about JPM one bit,when the demand kicks in on a global scale the 119 million OZ supposedly stored at the CRIMEX will be bought up in the blink of a eye no matter what JP does. people, we’re talking 2 or 3 billion dollars here,a tiny fraction of AAPL’s market cap. buy now and thank me later….
“I’m ‘all in’ on shiny… and hope to stay that way for as long as it takes to bust down the ghetto walls of Goldburg…”~
Ditto. It isn’t that I’m fixated on PMs, it’s just that it is, (as I see it), the only play that a) has no counterparty risk and b) isn’t denominated in currencies of countries whose leaders have been screwing the pooch, so to speak. We’re moving the last of the 401k into a SDIRA which is going to buy PMs to be stored in a depository.
Keith Weiner’s group , Monetary Metals, is putting together an interesting program to lease some of my stacks (gold lease) that pays dividends in gold, not dollars. I have to return to California to pry the money in the 401k out of the trustees’ larcenous paws. Hopefully it’ll all be done in the next two weeks. Fingers in crossed position.
There you have it. Evidence that breaking JPM silver manipulation will NEVER happen given their huge physical stockpile and why you should forget about a higher revaluation unless of course JPM decides to give you silver stackers a break. LOL