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Platinum ready to move...
JCMhouston
Posts: 5,306 ✭✭✭
From an article at zero hedge:
The exact amount the bank is acquiring on its own account is not entirely clear. What is clear is that it is buying a lot of physical platinum, and so are a lot of people related to it. JP Morgan Chase is widely believed to be the bank most closely connected to the Federal Reserve, charged with carrying out Fed policy in the financial markets. The fact that it is buying a lot of physical platinum at a time when the price is falling, and when the PPLT trust, of which it is a custodian, is slightly reduced in size, says even more. If JP Morgan is buying physical platinum, you can be fairly certain that the Fed is not nearly finished printing money, as many people think.
As well as the JP Morgue several other leading banksters are also taking delivery of physical platinum.
The exact amount the bank is acquiring on its own account is not entirely clear. What is clear is that it is buying a lot of physical platinum, and so are a lot of people related to it. JP Morgan Chase is widely believed to be the bank most closely connected to the Federal Reserve, charged with carrying out Fed policy in the financial markets. The fact that it is buying a lot of physical platinum at a time when the price is falling, and when the PPLT trust, of which it is a custodian, is slightly reduced in size, says even more. If JP Morgan is buying physical platinum, you can be fairly certain that the Fed is not nearly finished printing money, as many people think.
As well as the JP Morgue several other leading banksters are also taking delivery of physical platinum.
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I knew it would happen.
Not enough to get rich on, mind you but the platinum Eagles are pretty and low mintage too.