I went into the wrong line of work ... 
Posted on 02/24/2025 9:45:40 AM PST by delta7
As Gold is becoming unaffordable for many, be aware at today's price, 32.31 USD, it is a steal. THE most undervalued asset on the planet.
You all can thank me later.
Jamie Dimon does not want you to have expensive silver. JP Morgan has been working overtime to suppress the price for decades.
I don’t see that changing any time soon.
I assume the author owns silver and wants the price to increase.
Keep in mind the Silver Gold ratio is currently at 90:1. Our US Constitution fixed it at 16:1, and as the Earth’s deposits reflect 16 ounces Silver to every ounce of Gold, something has to give.
That ration implies Silver should be valued at 181.25 USD with Gold at 2960 USD….16:1 ration…..the most undervalued asset on the planet.
There's the bottom line.
I don’t see that changing any time soon.
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I used to think all the corruption in .gov and markets would never change either. Along comes President Trump, lifting the veil of corruption, for all the world to see.
On that note, he has proposed eliminating the corrupted CFTC with the SEC. The CFTC has been found corrupted for years, and I find it very interesting Gary Gensler has resigned.
I do believe all the corruption and manipulation in the CFTC and SEC will be investigated under President Trump.
“the most undervalued asset on the planet.”
take a look at Platinum and the other PGM
1”Keep in mind the Silver Gold ratio is currently at 90:1.”
90:1. LOL!
Socrates math?
For a person that eschews worldly treasures, you sure post a lot about gold ...
I went into the wrong line of work ...
“Our US Constitution fixed it at 16:1”
Provide a section...
IATG
Looks like he’s getting the TG high-speed wobs. This happens before he gets suspended, YET AGAIN.
Sashays on to your thread, and launches 4 straight attacks.
What a GatorHole.
“Our US Constitution fixed it at 16:1”
Where did you get that?
From Socrates?
—‐——————
His predictions:
He failed to predict his three bankrupsies.
He failed to predict his losing $700 million of his clients’funds.
He failed to predict he would spend eleven years in the federal pen.
In 2014 he predicted gold would soar to $5,000 in 2015.
In 2014 he predicted that there would be a world financial collapse would occur in 2015.
July 2024 he predicted US cIvil unrest/WAR to happen just before the 2024 elections.
November 2024 he predicted a US civil war would happen the week of Trump’s inauguration with the US breaking up into four new countries in 2026.
December 2024 he said via Socrates that the 2024 elections would be the last in the US. January 2025 he predicted US civil unrest on May 7
What a GatorHole.
———-
That Txgator is a real mess. Looks like he is finally losing it, really weird off topic rants. You are not the only one noticing.
Yeah, this is what he does before he gets suspended again.
How do you know they aren't manipulating prices $3-$10 higher?
Why? How does that make them a profit?
Hilarious!
I ran that question through GROK:
The idea that JPMorgan suppresses the price of silver stems from a mix of documented legal cases, market observations, and ongoing speculation within the precious metals community. Here’s how it’s alleged to happen, based on what’s known and claimed.
One key mechanism involves the futures market, where JPMorgan has historically held significant positions. Through a practice called “spoofing,” traders place large buy or sell orders with no intention of executing them, creating a false impression of supply or demand. This can trick other market participants into moving prices in a direction that benefits the bank’s real trades. In 2020, JPMorgan paid a record $920 million to settle U.S. federal probes into this kind of manipulation of precious metals futures, including silver, spanning from 2008 to 2016. The settlement confirmed that traders, including senior figures, used spoofing to artificially influence prices, often to profit by buying low or selling high after pushing the market their way. Court documents revealed thousands of such deceptive trades, showing it wasn’t a one-off but a sustained strategy.
Beyond spoofing, some argue JPMorgan suppresses silver prices by maintaining large short positions in silver futures. A short position bets on a price drop, and if a player as big as JPMorgan floods the market with these contracts—especially during low-volume trading hours—it can trigger sharp declines, sometimes called “flash crashes.” Critics say this keeps silver prices below what supply-and-demand fundamentals might otherwise dictate, given its industrial uses and limited physical availability. The bank’s size and influence on exchanges like COMEX, where silver futures are heavily traded, amplify this effect, as the paper market (futures) often overshadows the physical market.
Another angle is JPMorgan’s role as a custodian of silver-backed assets, like the SLV exchange-traded fund. Some investors speculate that the bank could manipulate the reported supply or availability of physical silver in these trusts, decoupling the spot price from actual metal on hand. While there’s no hard proof of this specific claim, the collapsing ratio of silver tonnage to price in SLV—highlighted by observers—fuels suspicion, especially since the bank’s past misconduct is well-documented.
The motive? Theories range from protecting the fiat currency system (by keeping precious metals less appealing) to simply profiting from market distortions. The 2020 settlement showed JPMorgan’s actions gave it an edge, harming other traders and likely netting gains far exceeding the fine. Two former traders, convicted in 2022, were part of a scheme that caused over $10 million in losses to others, hinting at the scale of potential profits.
That said, not everyone buys the suppression narrative fully. Some analysts argue that while spoofing happened, it was about short-term gains, not a grand conspiracy to cap silver prices long-term. They point out silver’s price has risen significantly at times—like from under $11 in 2008 to nearly $50 in 2011—suggesting manipulation isn’t all-powerful. Others note that futures markets naturally involve big players taking opposing positions, not always with sinister intent.
Still, the combination of proven spoofing, hefty short positions, and JPMorgan’s market clout keeps the suppression idea alive. Whether it’s a deliberate cap or just aggressive trading, the bank’s influence on silver pricing is hard to ignore, especially with its history laid bare in court.
Spoofing could also lead to higher prices, not just lower prices.
Beyond spoofing, some argue JPMorgan suppresses silver prices by maintaining large short positions in silver futures.
Do they argue with evidence that JPMorgan actually has large short positions or do they just feel JPMorgan has large short positions?
A short position bets on a price drop, and if a player as big as JPMorgan floods the market with these contracts—especially during low-volume trading hours—it can trigger sharp declines, sometimes called “flash crashes.”
And when JPMorgan and others rush in to buy at these lower prices, the price may rise higher than it was before.
Some analysts argue that while spoofing happened, it was about short-term gains, not a grand conspiracy to cap silver prices long-term.
No kidding, seconds to minutes, not decades.
Still, the combination of proven spoofing, hefty short positions,
Where do you see actual short positions held by JPMorgan?
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