by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Gold: $1,218.20 down $4.20 (comex closing time)
Silver 14.94 down 10 cents
In the access market 5:15 pm
As many of you know, my theory on silver is that in 2003 China lent the USA their hoard of silver long believed to be in excess of 600 million oz. The USA received the silver so as to continue the bashing of metals. China then proceeded to massively buy and ship hoards of gold onto its shores.
I was thinking about Ted Butler’s piece, where he states that JPMorgan has bought physical metal in excess of 500 million oz. I thought that JPMorgan would not purchase that quantity of metal while at the same selling massive amounts of paper silver at basically the same time. That would be easy to trace and that would land many in jail.
What if JPMorgan was buying the USA silver hoard, on behalf of the USA government. The purchase of the metal was to return the silver that China has demanded to be returned at the end of the contract.. What if the contract period was 15 yrs and now the USA is rushing to buy in quantity, the silver that was lent and then store the silver in JPMorgan’s vaults to return the silver once the contract period was over? That would make sense!!
We know that China is behind the selling of paper gold to purchase the physical cheap.Why not silver as well?
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