I did not immediately see the monumental change that began to occur five years ago. This astonishing development that had begun in 2011 did not come clear to me until late 2013.
I discovered that the largest U.S. bank, JPMorgan Chase, began to accumulate massive amounts of physical silver starting in 2011 and has continued that accumulation to this day.
All told, I believe JPMorgan has acquired somewhere between 400 and 500 million ounces, the largest privately held stockpile of silver in history.
They are positioned to make $100 billion or more in a runaway silver market…
I discovered that the largest U.S. bank, JPMorgan Chase, began to accumulate massive amounts of physical silver starting in 2011 and has continued that accumulation to this day.
All told, I believe JPMorgan has acquired somewhere between 400 and 500 million ounces, the largest privately held stockpile of silver in history.
They are positioned to make $100 billion or more in a runaway silver market…
Submitted by Ted Butler:
Ask any casual observer of the silver market what happened to the metal over the past five years and you’re likely to hear how the price fell from nearly $50 in April 2011 to under $14 at recent lows – a stunning decline of 70%. If you inquire further, you’ll likely hear a number of reasons for the decline, ranging from an oversupply of the metal, a strengthening dollar, falling inflation rates, and the collapse of the commodities markets.
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