Wednesday, October 26, 2016
This is the message I received from Lear Capital through the American Patriot Daily Net:
Dear Investor, Right now there is very exciting news in the silver market. The largest investment bank in the country today is JP Morgan Chase & Co. In 2012, they held 5 million ounces of silver in their corporate account. However, recent reports have revealed that JP Morgan Chase now holds a staggering 55 million ounces of silver! That’s an increase of tenfold. Just last year, JP Morgan Chase purchased 8 million ounces. That’s a lot of silver for anyone to buy-even an investment giant like JP Morgan Chase. What could they possibly know about silver that we don’t?
Let me tell you what JP Morgan Chase’s CEO, Jamie Dimon, said in a letter to his shareholders, “Some things never change - there ‘WILL BE’ another crisis, and its ‘IMPACT’ will be felt throughout financial markets.“ So here we are. The CEO of the country’s largest bank is telling his shareholders - THERE WILL BE another crisis - and to protect shareholder value, they are buying silver by the hundreds of tons.
Don’t you think it’s time that you consider owning physical silver?
Need another reason?
$21 an ounce. That’s the all-in production cost it takes the average mine to process one ounce of silver. Right now silver is trading just below that threshold.
The last time you could purchase silver below its production costs was 2002. Guess who famously bought 30% of the world’s above ground silver supply back then?
Warren Buffett. Two years later, he doubled his money. So, JP Morgan Chase & Warren Buffett, two of the most successful investors on the planet, both stocked up on silver at a price below production cost. Buffett bought right before a crisis happened. JP Morgan is buying right before what they think will be another financial crisis.
Stocks are at record highs. Debt is soaring. Uncertainty in the world is at historic levels. Silver is on sale right now and JP Morgan Chase knows it-just like Warren Buffett knew it in 2002. Now that you know it, will you let this opportunity pass you by?
Okay, you don't have to get the free investor kit,.......I won't because I don't need it. I routinely buy silver, both in one ounce rounds and bars, and five ounce bars, plus junk silver coins as well.
Silver prices have dropped a little from the 2016 high in August and are currently (13 October 2016) sitting at $17.55 an ounce. We're not buying Silver so we can sell and make a few bucks per ounce profit waiting for the high to climb a a little,.....we're buying Silver as a hedge against the collapse where fiat currency won't be worth anything but precious metals will be used in barter. And if this country comes back, maybe we'l have learned our lesson and have a gold based currency. In the this coming election, which appears that the corrupt Hilary Clinton will win, the Market is going to have major issues, major losses and Gold/Silver prices will climb. Don't wait too long now. Practically everyone can afford to buy one or more 1 ounce rounds every payday - just think of it as re-directional spending.
But just don;t take my word for it, Reagan Budget Director David Stockman warns that the nation will plunge into a recession, even though Hillary Clinton will win the presidential election. "When the stock market stumbles and the economy begins to actually register negative growth, which I think is coming if not next quarter certainly in the first half of next year, there's going to be nothing below and the market is going to go through a massive contraction," said Stockman. "I think it's going to be a very nasty time in the year ahead," he added.