To cast Hillary some new flatware for her inauguration?
Because it is under 16 bucks and ounce.
Gotta protect their ass ets?
Worse case scenario, or are the bullish on a Cruz Administration and its unbridled prosperity as consumers flush with disposable income flock to buy the latest High-Tech-Info Gadgets which just happen to use a lot of Silver...
There are Marxists posting on that site, TEC. What a combination: Preppers and Marxists. Silver may well be undervalued, but I wouldn’t take advice from these guys.
What happened to the “buy an ounce of silver and bankrupt JP Morgan” guys?
LIVE SPOT PRICE (USD / TROY OZ)
BID ASK +/-
SILVER 16.58 16.63 0.25 17:20
A doomer porn site. Not the sort of people I tend to go to for investment advice. A lot of people in the gold/silver bug community have the tin foil wrapped a little too tight around the head.
If severe inflation is expected with a concomitant rise in the price of gold, the ratio between the gold price and the silver price will narrow quite a bit. In that scenario silver is a much better investment than gold. Gold is not really an investemnt beyond short term speculation. It holds its value over time, neither rising or falling in value as determined by what a given quantity of gold will purchase in other goods. If you wish to simply hold on to the value of your assets securely (less transaction and storage costs) then one buys gold. If one wants to invest for gain and one expects high inflation then silver is the way to go.
They are expecting a lot of guests and want to make sure they have enough place settings?
Because China already bought all the gold?
[[Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?]]
They like shiny stuff?
[[Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?]]
Because William Debane tells them to?
Banks like JPM don’t go long billions of dollars of a commodity to speculate (or “invest”). They wouldn’t have the capital to do so, and their quarterly income statements would be haywire with gains and losses.
The balances are either customer positions, hedges against customer positions or deposits for some “Exchange Traded Fund” such as HSBC’s SLV.
If JPM was actually long this much silver they would have to disclose it in their financials and they would have to break out all the gains and losses in their quarterly reports.
because... they don’t remember what happened when the Hunt brothers did something similar in the early ‘80s?
Just bought silver ETF’s...at $15.23. Historically low, I’d be surprised if it went down much more.
I think it’s just a good bet right now. The price will likely go up anyway...but especially if we have another crash.
Been hearing this same “silver’s about to go through the roof!” stuff since 1996.