Bunker Hunt once said, "Silver is an accident waiting to happen". I don't think this was said with the understanding that most people will take it. I think it was meant as there will be an explosion in price.
JP MORGAN currently holds more the 500 MILLION OZs OF SILVER. Making them the largest private holder of silver.
You might ask your self how did this happen and why was it not noticeable? It took time and patience, 5 years to be exact. This had to be done over a period of time, to keep the price from rising. Thats still roughly 100 million ozs a year.
How where they able to purchase so much when so little is for sale? They did most of it by buying SILVER EAGLES and MAPLE LEAFS. Infact the have bought 100 MILLION OZs of American Eagles and 50 MILLION OZs of Maple Leafs. Now for my Eagle and Maple stackers dont think this will casue your eagles and maples to go up. They have been melting them down into 1000oz bars. Why would they buy eagles and maples to melt down? Simple, these are the two highest produced silver coins in the world.
Owning 500 MILLION OZs of silver, comes with alot of power. They controll the caps, they stop the rally and yes they are keeping the price down.
Now there has been alot of discussion over how many oz they want. I have heard everything from 600 MILLION TO 1 BILLION. What is true is, they are still buying, are you?
But what is factual is , they have been buying for 5 years. 5 years ago silver was at $28.88 an oz, today it is at $16.67 an oz. so with that being said they WILL NOT LOOSE ON THERE INVESTMENT. So silver will at least top the $30.00 an oz mark.
Look its pretty simple, if you own 500 million ozs of silver, you pretty much controll the silver market, you controll the dip and the rallys.
THEY WILL HAVE THE LARGEST PROFIT IN HISTORY. WILL YOU BE PART OF THAT HISTORY?
Keep stacking as long as JP Morgan is stacking.
Follow me @raybrockman
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