Report: JP Morgan Chase Prepares For Crisis By Stockpiling Silver

Looks like the insiders are preparing for the 2015 economic collapse (probably September)


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Report: JP Morgan Chase Prepares For Crisis By Stockpiling Silver: “An Exceptionally Large Amount”

In a communication with JP Morgan Chase shareholders earlier this month Jamie Dimon, CEO of one of the world’s largest and most influential banks, said that a more volatile crisis than 2008 is coming.

It was striking admission from a man who has close ties to the Obama inner circle and was once at the top of the list for the post of U.S. Treasury Secretary. Considering the President continues to tout economic recovery, and that a significant majority of Americans reportedly believe the economy is healthy, the fact that Dimon is warning of another financial crisis should be a clear sign of what’s to come.

But if his words aren’t enough to convince you we have a systemic problem that will soon come to the forefront, maybe the recent actions of his secretive trading desks will suffice.

According to a detailed report from The Wealth Watchman JP Morgan Chase has been amassing a huge stockpile of physical silver, presumably in anticipation of a major liquidity event.

Here’s a breakdown of the Comex’s most recent silver deliveries to JP Morgan:

April 7th: 1,110,000 ounces

April 8th: 1,280,000 ounces

April 9th: 893,037 ounces

April 10th: 1,200,224 ounces

April 14th: 1,073,000 ounces

April 15th: 1,191,275 ounces

April 16th: 1,183,777.295 ounces

This is a huge bout of deliveries in such a short space of time. In fact, within the realm of Comex world, it’s such an exceptionally large amount, that it even creates quite a spike on the long-term chart of JP Morgan’s vault stockpile:

a reply to: infolurker

Hmm This is Interesting..

Curiously, it was reported this week that Chase banks will no longer allow customers to store cash or precious metals like silver coins in their safe deposit boxes. As they signal an end to private storage for their customers, however, they are taking physical delivery of

As The Wealth Watchman explains it, JP Morgan Chase has been closely associated with the rigging and suppression of silver (and gold) markets for the sole purpose of keeping the system afloat. “Without the rigging of silver and gold’s price, the price rocket that would take place would torpedo world confidence in debt instruments, in inflation figures, and in the state of the global market’s health,” he says

I wonder if They are stockpiling gold as well ..

Since they helped create the crisis I'm not surprised they are prepared to protect themselves from it.

You can't eat gold or silver.
They can die in their bunkers with their heaps of shiny metal.
I'll be just fine.

originally posted by: Maluhia
Since they helped create the crisis I'm not surprised they are prepared to protect themselves from it.

Why would any one doubt this is true?
Once again, we just see conformation
of what we already knew.

The hand writing is on the wall.
We headed for a a very bad fall.

originally posted by: skunkape23
You can't eat gold or silver.
They can die in their bunkers with their heaps of shiny metal.
I'll be just fine.

I am my own bank, and I barrow from my self interest free.
It's called a saving account, only mine is in casino chips.

That's crazy, more than 17 million per purchase! They're planning for something alright. I wonder if other banks are doing the same? We should do some digging into it.

a reply to: infolurker

Very easy to buy "junk" silver on eBay - that's old US silver coins. I have bought from eBay and Apmex multiple times, always been happy with the purchases. "Junk" silver is easily recognizable by folks, those who don't know what it is would learn quick if they had to, I prefer it over bars.

Another thing I've done is convert my entire jewelry collection to 925 silver. I'd rather have a few nicer pieces of 925 jewelry than a drawer full of costume crap.

originally posted by: skunkape23
You can't eat gold or silver.
They can die in their bunkers with their heaps of shiny metal.
I'll be just fine.

They may not be able to eat the gold/silver, but when the cash is worth nothing and gold/silver is the only currency out there and they have it all, they can pay starving people to take what they need.

a reply to: infolurker

Why do I suspect they know something the rest of us suspect?

I think most people have an innate sense that the issue of a global economic free fall was too easily "solved". We bought land with good water table, planning huge enclosed garden with a controlled environment. Just will have to hope for the best.

I don't know how even the United States cannot help but buckle under all the pressure. Continuous wars, one after the other recessions and recovery, dysfunction from legislator leaders, recoveries from natural disasters, riots (which will increase to a crescendo before it ends now).....

So are they going to let the price sky rocket?

Are they planning to Crash GOLD to kill off BRICS?


Wasn't JP Morgan SHORT on silver? Are they covering their short?


It looks like they are the ones about to cause the crash by letting the price of Silver loose and sky rocket, 1) they profit from it, and 2) debt instruments becomes worthless.

Since I am penniless and broke to begin with, crashing the system, will affect me how? I just fight for food instead of beg for it.

Not a problem, I just let the first fight themselves out, then i come along and take the winnings.

Problem is, organised crime and black markets will rule.

So their total, all time silver holdings amount to something like 2% of their income for one year but we're freaking out?

Because it's ATS I suppose.

originally posted by: TheBlackTiger
So their total, all time silver holdings amount to something like 2% of their income for one year but we're freaking out?

Because it's ATS I suppose.

They could be covering their short positions.

Something is happening for sure. Just a post to keep track of this thread. Thanks for the heads up.

pfft... w/e ill use my bottle caps to trade

Silver and gold being intentionally suppressed so the big bankers and investment firms can load up is becoming more obvious. I don't think the price is at the bottom however. They want to drive the price lower so they can purchase more for the next run up to $50+/ounce.

originally posted by: bullcat
So are they going to let the price sky rocket?



Are they planning to Crash GOLD to kill off BRICS?





Wasn't JP Morgan SHORT on silver? Are they covering their short?





It looks like they are the ones about to cause the crash by letting the price of Silver loose and sky rocket, 1) they profit from it, and 2) debt instruments becomes worthless.



Since I am penniless and broke to begin with, crashing the system, will affect me how? I just fight for food instead of beg for it.



Not a problem, I just let the first fight themselves out, then i come along and take the winnings.



Problem is, organised crime and black markets will rule.

I'm broke, too, but I have been buying a couple cans of canned goods every grocery visit to stockpile, JUST IN CASE. And it doesn't break my bank. I would rather notl fight for my food, if I can help it.

a reply to: infolurker

This week there's been quite a bit of talk on the Net about the big banks War on Cash. Citi Bank came out this week and said they'd encourage the ending of all cash transactions and in many markets, JP M/Chase is limiting what types of transactions can be done in cash.

If the US eliminates paper money altogether, we are truly doomed. That will set the Gov't up to do "bail in" type bank recoveries meaning the Gov't can simply swoop in and take 5%~100% of depositors cash/savings in their accounts to save a failing bank as was done in Cypress.

Many freedom loving people across the US are talking about return to barter, but that only goes for so far and so long. So Chase may be anticipating a run on silver coins in advance of ending cash transactions.

When huge truckloads of silver are being transported to a designated location, we all know there is a situation going on where such an obvious pattern can be seen. The market players apparently know what is about to go down so an immediate contrary action needs to be executed immediately to prevent a huge loss as a precautionary measure.