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The "timing" factor has always been hard to

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Bountiful_Harvest Member Level  Monday, 09/07/20 06:46:14 PM
Re: a false profit post# 33109
Post # of 33166 
The "timing" factor has always been hard to predict. So much manipulation in the paper markets. JPMorgan (one of many) recently charged with manipulating the silver market, among other things.

JPMorgan has amassed a physical stockpile of silver of at least 600 million ounces by my calculations at an average cost of around $20 an ounce, all while continuing to make hundreds of millions of dollars in manipulative COMEX short selling. This epic accumulation has changed the composition of the concentrated COMEX short position more than any single factor.

No longer is the largest COMEX silver short subject to extreme financial damage should silver prices explode. Instead, JPMorgan has pulled off the accumulation of the largest silver hoard in world history on declining prices. The bank has never been better positioned for a silver price explosion. In other words, there has never been a better time, from the selfish perspective of JPMorgan, for the price of silver to rip higher or a worse time for the other big shorts.

Silver should have been trading at $200/oz many years ago. Some day the manipulation will end, and actually already has, to some degree this year.

As you say, both G/S undervalued, and the gold/silver ratio is way out of whack right now!

I consider silver the most undervalued "thing" on the planet.

As far as goods and services...., I read an article awhile back, that said an 1800s $20 gold piece can buy the same amount of goods and services today, as it did back in the 1800s. The corrupt Babylonian system really did a number on society.

https://usdebtclock.org/ - I'm hopeful our country won't turn into another Zimbabwe, but things could get a bit dicey for those that aren't prepared for the coming changes. We might see a $10 or $20 Carl Jr' hamburger. I actually have a Zimbabwean One Hundred Trillion Dollar note (worth about .40 US centssmile )

I can only provide my own speculation and theories. Everything I post is my own opinion. DO YOUR OWN DD!
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