Loading ...There is a difference this time around. The Hunt brothers tried to corner the market but they were just one entity using borrowed money in large part to do it. The entities buying silver this time around are sovereign nations buying for their own hoard and industrial companies that need it to produce their products. This isn’t a matter of breaking one rogue bank, these sovereigns and companies aren’t looking to flip their metal for a profit.
In that last video I posted the Asian guy lists a number of countries that bought physical silver and how much. I was stunned.
The American public and the Wall Street banks might be the only ones stupid enough to continue to play on the Comex.
The kicker was how much phyzz, JPM, B of A and another bank just bought of phyzz at $72 +. They smell a default by the end of March if this guy is right.
There’s going to be a lot of nervous eyes on Shanghai tonight.