๐๐ก๐๐ญ ๐๐จ๐๐ฌ ๐๐๐๐ ๐๐๐๐๐๐ ๐ฌ๐๐ฒ ๐๐๐จ๐ฎ๐ญ ๐ ๐ง๐๐ฐ ๐ฆ๐จ๐ง๐๐ญ๐๐ซ๐ฒ ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ฉ๐ซ๐๐๐ข๐จ๐ฎ๐ฌ ๐ฆ๐๐ญ๐๐ฅ๐ฌ?
๐ฐ๐๐๐๐๐ ๐๐๐๐๐๐: Compared to silver, gold has historically been more likely to be confiscated by governments (e.g., United Statesโ gold confiscation in 1933 under Executive Order 6102). For some leading commercial financial institutions, silver carries reduced risk of confiscation than goldโฆ
๐จ๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐
๐๐ ๐๐๐๐ ๐๐๐๐
๐:
1) JP Morgan holds more than 50% of the silver depository in COMEX (data can be obtained here, https://www.cmegroup.com/delivery_reports/Silver_stocks.xls).
2) Blackrock just became the largest institutional holder of Sprott Physical Silver Trust, three times larger than the second largest institutional holder (data can be accessed here, https://finance.yahoo.com/quote/PSLV/holders?p=PSLV).
2.1) Itโs allocated silver (rather than unallocated silver), as allocated silver eliminates the rehypothecation/paper risk of unallocated silver.
2.2) ๐ป๐๐๐ ๐๐๐ ๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐ฉ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐ธ1 ๐๐ 2023. ๐ด๐๐๐ ๐๐๐, ๐ฉ๐๐๐๐๐๐๐๐ ๐ ๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐ฌ๐บ๐ฎ ๐๐๐๐๐๐๐๐, ๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐โฆโฆ
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง:
A) Under Basel 3, gold recently has been reclassified as Tier-1 collateral for central banks. Would silver be considered as โTier-1 collateralโ for commercial financial institutions, with assisted transition by the current crisis of banks and bonds?
B) If a rival new monetary system has no potential to carve out market share, I fail to understand why JP Morgan and Blackrock would want to carve out such huge positions in allocated physical silver.
C) Something huge is coming, when and in what form remains unclear.
๐บ๐๐ ๐ ๐๐๐๐๐๐๐๐๐๐๐: ๐ช๐๐๐๐ ๐๐๐๐๐ ๐ช๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐.
