@davewesen said:
I do not know the answers to those questions. I read somewhere that JP Morgan is the trustee holding the silver, but not whether they can rent it out or use it.
The Trustee is the Bank of New York Mellon
The Custodian is JPMorgan Chase Bank N.A.
@Cougar1978 said:
Yes many in the know bullish going to $50 an ounce and higher.
Some bars are already catching $50/oz and people can't keep them for long.
When an item is scarce, it means it was selling for too little.
People are still paying a LOT. It is hard to find anything. Wanted a kg bar but guess they're uh, hundreds and hundreds more than the last time I was here.
$50 EOM, $200 EOY for physical
WSB just uncovered the hedge funds are mass shorting XRT (800% SI) but they don't pop the same way. However its proof these people never covered and are just doubling down shorting other stuff.
The worst thing these people ever did was launch a propaganda campaign about redditors buying silver.. now, they've gone and actually bought it, and it's gonna be the end of the banks reign on our precious metals.
@Cougar1978 said:
Yes many in the know bullish going to $50 an ounce and higher.
Some bars are already catching $50/oz and people can't keep them for long.
When an item is scarce, it means it was selling for too little.
People are still paying a LOT. It is hard to find anything. Wanted a kg bar but guess they're uh, hundreds and hundreds more than the last time I was here.
$50 EOM, $200 EOY for physical
WSB just uncovered the hedge funds are mass shorting XRT (800% SI) but they don't pop the same way. However its proof these people never covered and are just doubling down shorting other stuff.
The worst thing these people ever did was launch a propaganda campaign about redditors buying silver.. now, they've gone and actually bought it, and it's gonna be the end of the banks reign on our precious metals.
I can't stress this enough: LOL
WSB is the king of fake news. The whole time that short interest in GME was dropping, they managed to "find out" that it was actually INCREASING!
Yes PCGS MS 70 ASE super investment buy! Time to buy is now. Cheaper than 65 generic Morgan’s, lower pop, and more silver. Ditto for 69 ASE vs generic 64 Morgan’s. Modern silver Commems also super deal. Both classes current coin market winners lots potential.
Comments
The shares and ounces were only at par at inception. The variance is the 0.50% annual expense ratio
The Trustee is the Bank of New York Mellon
The Custodian is JPMorgan Chase Bank N.A.
oops, stand corrected and don't know what that means anyway
Yes many in the know bullish going to $50 an ounce and higher.
Ahhhh...so that's how they do it.
Thank God I stocked up on those $73 Proof silver eagles.
From your lips to the buyers of my silver eagle tubes' ears
"Inspiration exists, but it has to find you working" Pablo Picasso
I believe JP Morgan was fined 920M (yes million) dollars for trade spoofing in metals and bonds.
Don't know where that fits in here but interesting nonetheless.
My prediction on this thread is that the hindsight here will be so exact, so precise...
10-4,
My Instagram picturesErik
My registry sets
Some bars are already catching $50/oz and people can't keep them for long.
When an item is scarce, it means it was selling for too little.
People are still paying a LOT. It is hard to find anything. Wanted a kg bar but guess they're uh, hundreds and hundreds more than the last time I was here.
$50 EOM, $200 EOY for physical
WSB just uncovered the hedge funds are mass shorting XRT (800% SI) but they don't pop the same way. However its proof these people never covered and are just doubling down shorting other stuff.
The worst thing these people ever did was launch a propaganda campaign about redditors buying silver.. now, they've gone and actually bought it, and it's gonna be the end of the banks reign on our precious metals.
I can't stress this enough: LOL
WSB is the king of fake news. The whole time that short interest in GME was dropping, they managed to "find out" that it was actually INCREASING!
Yes PCGS MS 70 ASE super investment buy! Time to buy is now. Cheaper than 65 generic Morgan’s, lower pop, and more silver. Ditto for 69 ASE vs generic 64 Morgan’s. Modern silver Commems also super deal. Both classes current coin market winners lots potential.