Ed Steer: Why You Should Still Invest in Silver

TL;DR

Silver prices are being manipulated by major players like JPMorgan Chase, resulting in a lack of a truly free market. The future of silver prices remains uncertain.

Transcript

I'm Charlie called what the investing is that works here today with me at VRC is care of geta thank you for joining me today Roger no problem so yesterday your presentation was on silver concentration short position on the schools from what I understand that we're only a few traders are the position which which traded well the concentration short p... Read More

Key Insights

• 🧘 JPMorgan Chase is the main player manipulating silver prices due to its significant short position.
• 🥶 The silver market lacks a truly free market due to the concentration of short positions among a few traders.
• 🤘 Manipulation of silver prices also affects other precious metals like gold and platinum as well as commodities like crude oil and copper.
• 📼 Controlling key commodities allows banks to keep hard assets depressed and paper assets elevated.
• 🥈 The future price of silver remains uncertain, but it is predicted that silver prices will exceed most people's expectations at some point in time.
• 🥈 Despite manipulation, investing in silver can still be lucrative, but investors must be prepared to be patient.
• 🍝 The manipulation of silver prices has been ongoing for the past 20 years since the abandonment of the gold standard.

Questions & Answers

Q: Who are the major players manipulating silver prices?

The major players manipulating silver prices are JPMorgan Chase, Scotia Bank, HSBC, USD, Citigroup, and Goldman Sachs.

Q: How are silver prices being manipulated?

These major players maintain a significant short position in the silver market, allowing them to control price movements and prevent significant price increases.

Q: Will the manipulation of silver prices come to an end?

It is uncertain when the manipulation will end, but it will likely occur when JPMorgan Chase decides that it has enough physical silver or is instructed to step back from controlling the market.

Q: Should people still invest in silver despite manipulation?

Yes, investing in silver can still be profitable, especially if there is a small price increase. However, patience is necessary as the manipulation makes predicting future prices challenging.

Summary & Key Takeaways

• Commercial traders, led by JPMorgan Chase, hold a significant short position in the silver market, giving them control over price movements.

• Thousands of traders with concentrated short positions manipulate the silver market, making it difficult for a truly free market to exist.

• Investing in silver is still lucrative, despite manipulation, as its price has been slowly rising. However, patience is required.