JPM silver fixing back in Court.

It seems that the Silver fixing is going to get another good looking at. As world production at the moment, equals its industrial demand. Theirs not a lot of it hitting the collector, Silver prices historically should be around 15/1 with regard to gold. At the moment it is 70/1, when the metal is pretty useful,in all the new tech fields medical to name just a couple. JP Morgan seems to have the ability to control its futures market, which controls the spot price, which should be driven by demand.ussanews.com...
So as a conspiracy theorist what would be the point of fixing the spot price of Silver? We know their is about a dollars worth in a cellphone, if it went back to its supply and demand price, that one dollars worth would put the price of a cellphone up about ten dollars, plus computers etc. would all go up pricewise, and would effect sales of said items. By controlling the price of Silver, it controls to a great extent the economy of Mexico, and to a lesser extent Canada. But world supply is falling, and its getting harder to get, Nevada has peaked as far as easy Silver is concerned, so when India says it will be restricting private ownership of Gold, then by default they will demand Silver, and their just will not be enough of it to go around.
New mines take ten years to develop, are we looking at a Silver wall occurring because of previous price manipulation?

Very nice info. Thank you.

a reply to: anonentity

The price of everything is determined by speculation. Supply and demand is obsolete.

Wait until the dollar tanks...we'll have some fun then!

a reply to: anonentity

Silver is a great emergency hedge. Once the paper calls come on a SHTF event silver will be through the roof.

a reply to: jellyrev


Interesting you should say that, because apparently if the silver certificates were to be cashed in, you would have what would be a run on the banks, as they have issued the Certificates many times on the same bar of silver. So in real terms their is probably a negative supply already, no wonder they want the price suppressed. Because if price is suppressed so will demand. It went up about 6% in the last week or so, so it does look like we are in for an interesting ride.

a reply to: anonentity

That is what I mean. Buy phyz and start stacking

a reply to: jellyrev


When it breaks the twenty dollar range, I don't think we will see it ever come back. The Chinese will buy every scrap going. On" Silver Thursday",their was plenty of silver around, the Hunt brothers cornered about a third of the market. Then with that third forced the price up which forced the price of gold. The reality now as opposed to nineteen eighty, is that the scarcity caused by the Hunt brothers now exists with bells on. When the penny drops and the physical hoarding gets going as it tentatively seems to be. Where the Hunt brothers left off JP Morgan wont be able to control jack #.en.wikipedia.org...


As it seems to have broken the psychological barrier now, we might have some fun times. www.silverdoctors.com...-76076

Its the silver bullet that kills the Vampire lol.

I'd rather have silver for emergency money than gold. not many around here would have change for an ounce of gold, one ounce of silver would buy a bushel of potatoes though. Copper is another good metal to save, it isn't expensive to collect, a pre-eighty four penny is mostly copper.

a reply to: rickymouse


It fairly obvious were this is going, if these states introduce a bill using physical money to break the Banks monopoly, then were heading for a new paradigm shift. blog.tenthamendmentcenter.com...

a reply to: jellyrev


Now we can understand what has been going on, JPMorgan Chase, have actually the biggest physical silver Hoard ever, estimated to be 550million ounces. They have been acquiring this vast wealth, by shorting the silver market. By supressing the price by shorting, they have" never lost money" its a sure thing, unlike honest traders that take the occasional loss...if we let that sink in......Then ask why? because as they make money shorting it, which they use to buy more of this precious commodity thus they accumulate Larger hoards of physical silver at approx. 70/1 with regards to its ratio to gold, which should be 15/1. At least.
Since its an American institution, it wouldn't be far off the mark to say that when a fiat dollar collapse becomes a reality.JP Morgan will be the only Bank left standing because of its silver wealth creation. Which they will use to refloat the dollar backed by silver. They would then just sit back , holding not only the worlds bulk of this precious metal, and then wait for a true market reevaluation.www.24hgold.com...

It seems crazy that the volume of precious metals traded on any single day can outnumber the amount in existence.

I've always wondered when museums are going to get in on the action. I'd like to be able to own a Van Gogh painting for fifty bucks.

a reply to: AutonomousMeatPuppet

Now its Virginia lifting the sales tax on Gold and Silver, something seems to be in the wind. That's Arizona Nevada Texas Utah, all getting ready if theirs a dollar collapse. I doubt whether the Fed is very happy . I came across an article where a guy gets dimes, whos melt value is over a dollar, because of the silver content. Here is a chart www.coinflation.com... Apparently Mondays and Wednesdays is the best time to get some from the gas station .

This is interesting as Greenspan, has come out and has started to say things about the gold standard, with a well thought out analysis which is pointing to a future. vwww.youtube.com...

a reply to: AutonomousMeatPuppet


"Beware the Ides of March" That's the day the Twenty Trillion debt ceiling becomes law. If Trump doesn't lift it the Government has about three months worth of money. What options are left? realistically Its back to Fort Knox for a full inventory, since the Gold and silver price have been contained, their will be a massive rise in the precious metals probably enough to pay the American debt.