Why banking giant JP Morgan has more than 55 million ounces of physical silver?
Since early 2012, JP Morgan stocks have gone from less than 5 million ounces of physical silver to over 55 million ounces.
Clearly, someone at JP Morgan believes that physical silver is a great investment, although in recent times, the price of silver has gone down a bit.
Currently, the price of silver is only at $ 15.66 an ounce, a price that some people consider ridiculous.
That means that until now, the large investment of JP Morgan silver does not make sense ... unless we enter a time of great financial turbulence.
During the crisis, investors tend to invest massively in physical gold and silver.
And as recently published in multiple media, President and Executive Director of JPMorgan Chase, Jamie Dimon, said that "there will be another crisis", in a letter to shareholders ...
Some things never change: there will be another crisis, and its impact will be felt in the financial market.
The trigger for the next crisis will not be the same as that triggered the last, but there will be another crisis.
Triggers can be geopolitical events (as in the Middle East crisis of 1973), a recession in which the central bank quickly raise interest rates (as in the recession of 1980-1982), a collapse in prices commodities (such as oil in the late 1980s), a crisis of commercial real estate (as in early 1990), an Asian crisis (as in 1997), called "bubbles" (the Internet bubble of 2000 and the mortgage 2008), etc.
While recent crises have different causes, the only certainty is that they usually have a strong effect on the financial markets.
So if Dimon and JP Morgan believe another great crisis approaches, it makes sense to store large amounts of precious metals.
And in particular, silver is a tremendous bargain for a variety of reasons.
In recent years, JP Morgan has been buying physical silver voraciously.
No one had seen anything like it, because this is a fantastic volume of purchase.
In fact, JP Morgan has bought over 8 million ounces of physical silver over the past two weeks only.
According to a detailed report of The Wealth Watchman, JP Morgan Chase has accumulated an enormous reservoir of physical silver, presumably in anticipation of a major liquidity event.
Here is a breakdown of most recent Comex silver deliveries to JP Morgan:
· April 7: 1,110,000 ounces
· April 8: 1,280,000 ounces
· April 9: 893 037 ounces
· April 10: 1,200,224 ounces
· April 14: 1,073,000 ounces
· April 15: 1,191,275 ounces
· April 16: 1183777.295 ounces
Is a lot of silver purchased in a short time.
In fact, in the field of COMEX (section bag New York Mercantile Exchange commodity which is traded precious metals), is an exceptionally large amount.
So, why do these maneuvers JP Morgan is performing?
Do they know something we do not know the rest of us?
Meanwhile, JP Morgan Chase has made another curious move.
It has been reported that the bank is "restricting the use of cash" in some markets, and has even gone so far as to "prohibit the storage of cash in their safes" ...
Since March, JP Morgan Chase began restricting the use of cash in selected markets.
The new policy restricts borrowers to use cash to make payments on credit cards, mortgages, lines of credit and auto loans.
Chase, even going so far as to prohibit the storage of cash in their safes.
In a letter to clients dated April 1, 2015 belonging to his "Updating Lease Agreements Safety Boxes", it states: "You agree not to store any cash or other currencies that have no collector value level. "
What are these maneuvers?
Why JP Morgan suddenly closes the use of cash?
It is difficult to know what is brewing behind the scenes.
We know that JP Morgan Chase is one of the six big banks "too big to fail" that dominate the United States.
The total amount of the assets it controls JP Morgan Chase is approximately equal to the GDP of the entire British economy.
It is an immensely powerful institution, which has very deep ties to the US government.
Could it be possible that JP Morgan Chase is the anticipation of another great economic crisis?
The following graph, in which repeated cycles of crisis every 7.5 years show is reaching a dangerous point.
This is a possibility we can not ignore ...