PERSONAL READINESS > Financial Prep
Silver
stlaser:
So with the melt up on Reddit over game stop stock last week and rumors of silver (arguably the most suppressed / manipulated item in the market) looking to be the next Reddit push. I then spent today going over a lot of research.
I’ll highlight some key points, first I’m not giving financial advice so take everything I say with a grain of salt and do your own due diligence.
-JP Morgan is a big time player in manipulating and has been sued multiple times for such acts
-I believe jp is shorting silver and if it blows up may wipe them out Lehman style
-ratio historically between silver and gold 15-1 or 20-1 range, currently 70-1 (taking factors into consideration such as mining costs etc)
-physical silver cannot currently be bought, it dried up over the weekend 1/30/21
-if you have some keep it safe and to yourself
-efx (paper silver) is not the same as physical in any way ie: not backed by physical silver unless you count 250:1 ratios and many of these funds are backed by house of Morgan or what they do have is stored in Morgan vaults (a lot of it in London from my research)
-silver miners with access to silver may be something to consider (Australian producers up 8% this evening so far)
-if inflation was not being suppressed by means of precious metals there is a valid argument silver could be $1000 an ounce in today’s market.
-silver is used in manufacturing
-J.P. Morgan is sitting on supposedly 600 million ounces of physical (how many efx’s are outstanding idk)
-it’s obvious there is a demand and supply constraints
-grab your popcorn if nothing else
-
stlaser:
My sentiments towards the elite bankers at places such as house of Morgan.....
Sent from my iPhone using Tapatalk
halsey:
:likebutton:
Flyin6:
:likebutton:
stlaser:
And about that worthless paper......
https://www.zerohedge.com/markets/unprecedented-history-apmex-ceo-explains-why-they-halted-silver-bullion-sales-over-weekend
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