Why has J.P. Morgan accumulated more than 60 million ounces physical silver in their Comex vault? Only 4 years ago they had 5 million ounces silver. And they keep accumulating although they lose money. In this epical rise the price of silver declined from $30 to $14 per ounce. What do they know?
Someone at J.P. Morgan must know that all this silver will shine one day. Maybe it’s CEO Jamie Dimon himself? Remember what Dimon said last year:
So we’ve got the CEO from one of America’s biggest investment banks that believes there will be another crisis. And that same investment bank buys enormous amounts of silver to store in their vaults while the price of silver declines.
This only makes sense when silver will play an important role during the next crisis....
...Over the past few years, JP Morgan has been accumulating enormous amounts of physical silver. Nobody has ever seen anything quite like this ever before. Could it be possible that JP Morgan Chase is anticipating another great economic crisis?...
JP Morgan certainly seems to be preparing for a worst case scenario.
http://secularinvestor.com/j-p…ical-silver-stock-history