In recent years, JP Morgan, one of the world’s most powerful banks, has dramatically increased its share of physical silver, which now totals a historic 55 million ounces. Furthermore, some silver analysts believe this figure may not accurately reflect the true extent of its ownership. So why is JP Morgan accumulating physical silver in such massive quantities? In a recent letter to shareholders, Jamie Dimon, chairman and CEO of JPMorgan Chase, wrote that “there will be another crisis, and its impact will be felt by the financial market”.
By taking advantage of physical silver’s current undervaluation, the largest U.S banking institution is clearly preparing for another bout of economic turmoil. Please Like & Share if you agree.
