JP Morgan stacking physical silver, and manipulating the silver market.

By now the cat is out of the bag, it's no secret anymore.

The reason they can keep doing it and will be doing it until the status quo is deemed obsolete - is because they're doing it on behalf of the government.

 
valuecreator said:
By now the cat is out of the bag, it's no secret anymore.

The reason they can keep doing it and will be doing it until the status quo is deemed obsolete - is because they're doing it on behalf of the government.
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For what purpose?
 
Remember when 1/3 Oz was 50c, maybe they just want their monopoly money to look good to the punters vs real currency
 
I am not that young and didn’t start buying silver until the 90’s and not that much until the turn of the century.
 
openeyes said:
Now that shows how old my brain is. Just didn’t connect the obvious dots.

Did anyone here collect these around that time before they were so quickly pulled from circulation?
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36 million were minted, so almost 11 million ounces made it out before they were recalled. Safe to say many still circulating in the hands of stackers.
 
66rounds said:
36 million were minted, so almost 11 million ounces made it out before they were recalled. Safe to say many still circulating in the hands of stackers.
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Yes I imagine between the stackers here there are quite a number. I certainly would like to be holding a few more thousand. All in good time grasshopper.
 
Demolition permits were filed Tuesday for the JPMorgan Chase HQ at 270 Park Avenue, CityRealty reports. The building will be the tallest planned demolition in history. The filing is a significant step for the bank on the way to replacing the 1.5-million-square-foot Modernist tower previously known as the Union Carbide Building with a 2.5-million-square-foot skyscraper, to be designed by British Pritzker Prize winner Norman Foster/Foster + Partners architectural firm.

must be the new owner telling them
 
alor said:
Demolition permits were filed Tuesday for the JPMorgan Chase HQ at 270 Park Avenue, CityRealty reports. The building will be the tallest planned demolition in history. The filing is a significant step for the bank on the way to replacing the 1.5-million-square-foot Modernist tower previously known as the Union Carbide Building with a 2.5-million-square-foot skyscraper, to be designed by British Pritzker Prize winner Norman Foster/Foster + Partners architectural firm.

must be the new owner telling them
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3rd tallest
 
I started collecting Franklin Mint coins about 1966 but soon realised the premiums were too high so sold out. By then I was into some good drugs so most of my money went on sex, drugs, and rock & roll, the rest I just squandered.
 
sammysilver said:
I started collecting Franklin Mint coins about 1966 but soon realised the premiums were too high so sold out. By then I was into some good drugs so most of my money went on sex, drugs, and rock & roll, the rest I just squandered.
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You wouldn’t be the only one. But hey it was a hell of a fun time.
 
66rounds said:
The real question is whether they are acting for themselves or on behalf of a state such as China.
If on behalf of themselves, we can expect they may be unwinding their position.
If on behalf of China, its likely they will continue to suppress the price and continue stacking physical for the time being.
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Why does China need an intermediary to buy silver?
 
blahblah22 said:
Why does China need an intermediary to buy silver?
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It makes sense because if silver miners know that China is buying, do you think they will still be selling their silver for $14 an ounce not too long ago? It's the same with Palladium, Russia knows China is buying Palladium, that's why they are selling it at $1600 an ounce.
 
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