Loading ...Don’t know how much is true, but some videos with ‘AG’ have certainly had some truth and some good information.
HSBC has 7 Billion ounces of silver shorts, and is supposed to have 780 million oz of allocated silver but only has 47 million ounces, having leased out the rest. Huge fraud. Against all sorts of entities including some in China and some tied to Chinese government.
Lloyds has told them their insurance does not cover fraud.
HSBC board voted unanimously for all shorts to be covered by Jan. 31, and 733 million oz of physical bought by Jan. 31 to replace the missing allocated bars, from any and all possible sources. No matter the cost of both of these actions — no matter the cost to close all the shorts and buy all the physical.
Else HSBC will be bankrupt.
And then HSBC will no longer be involved with anything to do with silver — no clients, no futures, no options, no derivatives, no storing, nothing.
The video says that either way LBMA will be destroyed as they are one of the 5 members which is the minimum.