I’ve said many times that if you want to protect your financial assets physical gold and silver are (in my opinion) the place to be (and especially silver, which is still my favorite “investment”).
Only physical gold and silver are real, everything else will (in my opinion) turn out to be an illusion.
Of course you’ll need to prepare (for the greatest financial collapse in world history) on all levels: Water, food, survival gear, etc.
Just buying gold and silver will not nearly be enough, but it’s a good start.
– Stand Aside JP Morgan, A New Player In The Silver Market Has Arrived:
The days of JP Morgan controlling the silver market may be numbered as a new player in the silver market has arrived. For the past several years, JP Morgan held the most silver on a public exchange in the world. While the LBMA may hold (or did hold) more silver, their stockpiles are not made public.
Regardless, JP Morgan held the most silver at nearly 74 million oz (Moz) in its warehouse, up until recently. Over the past two months, JP Morgan’s silver inventories have fallen nearly 7 Moz to 67.1 Moz today:
As I mentioned in my previous article, Why Are The Chinese Stockpiling Silver? Big Move Coming?, JP Morgan increased their silver inventories from 4 Moz in April 2011 to 69.4 Moz April 19, 2016. However, the Shanghai Futures Exchange silver inventories surged from 7.5 Moz in August 2015 to 54.7 Moz on April 19, 2016:
Basically, JP Morgan added an average 16.3 Moz of silver each year for the past years, whereas the Shanghai Futures Exchange added nearly 7 Moz per month. Furthermore, the majority of gains came since the beginning of 2016. Again, here is my previous Shanghai Futures Exchange silver stock chart from the article linked above: Continue reading »
Tags: China, Economy, Global News, JPMorgan, Silver