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overtheedge
Member since May 2012
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has posted a comment on the article :
JP Morgan Cornering Silver Bullion Market?
- Mark O'Byrne -
gold.ie
Good article.
There is one other conspiratorial reason why JPM might be accumulating major tonnage of silver.
Throughout history, silver has been the operational coin of the realm.
Consequently if confidence in fiat currency should go into the dumpster, a reasonable fall back would be to re-monitize silver in the form of coinage.
Both Canada and the USA coined lower content silver coins back in the late 60's. As I recall 50% and 40% respectively. And during WWII, the USA minted 35% silver nickels. All of these lower silver content coins were accepted and used daily by the citizenry.
If we assume a 20-25% silver content and brand the coins with much higher monetary numbers than $1 silver eagles (purposely low), then history will prevail again and the citizenry will return to a more placid state. Confidence in the currency leads to commerce. Commerce leads to peace and prosperity.
What if re-monitization of silver were the course of action for all the major economies around the world?
Now what would a stash of silver the size that JPM supposedly has be worth?
Never assume anything unless you are managing livestock. In which case, you can justifiably assume they are insane.
High level managers were hired for sound reasons. All of which were somehow financial in nature.
Can we assume there are back-up plans? We can hope, but hope isn't a very sound strategy. Never assume anything.
Is homo sapiens an animal, a vegetable or a mineral?
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3276 days ago
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Beginning of the headline :
- Why is JP Morgan accumulating the biggest stockpile of physical silver in history?- Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market- JP Morgan may be holding as much as 350 million ounces of physical silver- JP Morgan realises the value of owning physical silver bullion today- Silver at $16 today – Set to soar to over $50 again JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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