Over the past 11 years, the Gata (Gold Anti-Trust Action) committee has worked to reveal the silver/gold price suppression scheme; thanks to whistleblower Andrew Maguire in London, an investigation has been opened. As part of the ongoing exposé, it has now become clear that JP Morgan is sitting on what is estimated to be 3.3bn ounce “short” position in silver (which they have sold short, meaning they don’t own it to begin with) in an attempt to keep the price artificially low in order to keep the relative appeal of the dollar and other fiat currencies high. The potential liability for JP Morgan has been an open secret for a few years.
Why it did not work in 1980.
In 1980, the Hunt brothers bought silver contracts on leverage. They also borrowed money against the value of their real silver. When silver values were manipulated lower, the Hunts were bankrupted, and they lost their silver hoard back to the manipulators. Also, interest rates on paper money were high enough to trick people into going back into paper. If people continue to try to buy paper silver, or buy silver with borrowed money, or let their silver be stored with the bankers and brokers, it will not work. People must be responsible enough to take possession of their silver, and they must choose to avoid borrowing money.
More effective than urging all people to buy 1 oz. of silver, would be to urge only a few people to buy all the silver that they can afford.
How many people? Perhaps it will only take reaching 1% of people in the USA with this message, or even less!
As it is, about 100 million oz. of silver per year are being purchased for investment. With silver prices at $26/oz., that’s barely $2.6 billion invested into silver per year. Even the purchase of silver by any one of several thousand billionaires could be enough to reach a major tipping point. Silver demand by investors is increasing naturally anyway, as the effects of the bail outs are obvious. Buying silver for protection is the less obvious choice, but more and more are seeing the need to buy silver.
Right now, silver eagle sales for the month of November hit an all-time record high and the availability of silver on a wholesale level is drying up. The most important indicator is the price itself – holding just under a 30-year high. With each uptick JP Morgan gets closer to going bust or requiring a bailout.
Crash JP Morgan, Buy Physical Silver
Here’s how the campaign works: wealth tied to a fiat currency is easily overwhelmed by wealth tied to silver and gold. And the world is waking up to the fact that they have the ability, without government assistance or other interference, to create a new precious metals-based backed currency system by simply converting their fiat paper into real money.
This campaign has 100% chance of working; it falls into the category of a self-fulfilling prophecy. As more individuals buy silver and gold, all attempts to replenish the system with more paper money will only cause the purchasing power of the silver and gold to increase – thus prompting more people to buy more. Any attempts to bail out JP Morgan would have the same effect. If the US Fed was to flood the system with bailout money for JP Morgan to cover their silver short position (as they did after the collapse of Long-Term Capital Management), more inflation will ensue and the price of silver and gold will rise more, triggering more purchases. A virtuous circle is born.