Mornin Sam.
Ralph's been talking to Biden and Rice about the lack of equity in sheep watching. Seems there ain't no coyotes can get the job.
God is infinite. He has no begining nor end, nor is his perception dictated by our linearity of time. There is no first because everything existed at once in completeness.
>They work the black sheep flock over there ——>
Yeah, well heard tell he got the ACLU and SPLC to start a media campaign that thats rayciss, and sheep dog privelege is a threat to sheep as well as coyotes.
Use Moran Scamlee and The Morgue to distinguish the two.
Oh yeah, The Morgue's been a stacking.
The obvious reasons are economic. Vaults are expensive dead weight costs. Silver produces zero return, and vaults also have variable costs as well. The cost of maintaining vaults for silver is simply outstripping the inventories value, so you concentrate it.
As you don't want to pay The Morgue to store it, you just sell them your inventory, cause silver's a hastle. You keep enough inventory for clients and desks that need it, and reffil as needed.
I hate The Morgue, but this really looks like a buisiness decision, and The Morgue owns it's NYC vaults since forever, so they have a more competative cost structure. I mean, hell, their vaults are connected to the NY Fed Banks vaults.
Gold is the one to buy phys from local dealers.
That gets dried up in retail…..
Well, there are a lot of powerful people gonna start asking questions, and kicking over rocks, and dumping fiat where possible.
Central bank type people.
BIS type people.
Oil sheik like people.
Failure to deliver on a gold contract would not go down well at all.
Unlike silver.
Two VERY different markets.
The Morgues inventory is regularly audited and published. Zerohedge broke the silver storage story years ago.
Check their 10K, probably find links.
Search on zerohedge for JP Morgan filling silver vaults.
I'll see if I can dig.
Need coveffe
10oz Gold?
19k give or take.
Noice.
Delivery delays that small given the tiny size and massive price don't shock me.
I timed the three big gold pops months early, 1999, 2004, 2008-10.
Been more reticent since but I'm looking again.
Doubt that meteoric, but $2500, sure.
https://www.zerohedge.com/personal-finance/you-dad-redditor-shares-heartbreaking-reason-destroying-short-sellers-wsb-raids
Post scrubbed. Link in article.
Tungsten in gold bars
https://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9
Article describes JPM's massive stockpile of silver began in 2011. Article from 2017
https://www.goldbroker.com/news/jpmorgan-comex-silver-vault-specific-peculiarity-1157
Silver supply demand annual 2011-2020
http://www.silverinstitute.org/silver-supply-demand/
See img 1
The Morgue and Citibank exiit silver shorts
https://goldsilverbitcoin.com/jp-morgan-is-getting-out-of-silver-shorts/
see image 2
Silver still below $30/oz
image 3 courtesy of kitco
>You can sell silver and buy things. It's money
If you have to sell it to buy things what you are selling it for IS MONEY for all intents and purposes, and silver is no longer money.
You can buy shit for gold bullion directly. Still money.
Similar to Zappa in some ways.
Never used drugs.
Always had supply for guests, often on the house.
Get em fucked up then fuck with them.
But most of that Laurel Canyon crowd back then were pieces of shit, so fuck em.
No Pakistan