Below are some interesting facts from a sales letter promoting Silver. Yes, this is sales letter copy but the JP Morgan facts are true. How long can the artificial pricing of the COMEX mask the real market forces. (If you want to discuss how to accumulate massive amounts of gold through a unconventional investment – give us a call)
Right now there is very exciting news in the silver market. The largest investment bank in the country today is JPMorgan Chase & Co. In 2012, they held 5 million ounces of silver in their corporate account. However, recent reports have revealed that JPMorgan Chase now holds a staggering 55 million ounces of silver! That’s an increase of over tenfold in just 3 years. This April, alone, JPMorgan Chase purchased 8 million ounces. That’s a lot of silver for anyone to buy—even an investment giant like JPMorgan Chase. What could they possibly know about silver that we don’t?
Let me tell you what JPMorgan 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?
$20 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 at around $15 an ounce. That’s more than 20% lower than its production costs!
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, JPMorgan 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 JPMorgan Chase knows it—just like Warren Buffett knew it in 2002. Now that you know it, will you let this opportunity pass you by?