The power of III

Summum ius summa iniuria--More law, less justice

05 December 2010

Buy Silver!

Apparently JP Morgan has such a tremendous amount of capital invested in selling silver short (in their effort to manipulate the market as a whole, keeping the price artificially low so that they can make money in the forex market) that they are exposed to the degree that they can be sent into bankruptcy by a significant increase in the price of silver:

"On my show, Keiser Report, I recently invited Michael Krieger, a regular contributor of Zero Hedge (the WikiLeaks of finance). We posited that if 5% of the world's population each bought a one-ounce coin of silver, JP Morgan would be forced to cover their shorts – an estimated $1.5tn liability – against their market capital of $150bn, and the company would therefore go bankrupt. A few days later, I suggested on the Alex Jones show that he launch a "Google bomb" with the key phrase "crash jp morgan buy silver".
Within a couple of hours, it went viral and hundreds of videos have been made to support the campaign.
Right now, silver eagle sales for the month of November hit an all-time record high and the availability of silver on a wholesale level is drying up. The most important indicator is the price itself – holding just under a 30-year high. With each uptick JP Morgan gets closer to going bust or requiring a bailout."
...As more individuals buy silver and gold, all attempts to replenish the system with more paper money will only cause the purchasing power of the silver and gold to increase – thus prompting more people to buy more. Any attempts to bail out JP Morgan would have the same effect."

1 comment:

  1. Once you've finally decided to Buy Silver Assets, you're only headed in a single direction, and that's the direction towards profit especially if you decide to store the silver and save it for future use.