Bill Holter’s Commentary
“Hilarious” would be my description …
With all due respect, I call BS.
I guess I missed something when the Hunt brothers tried to buy as much silver as possible in 1979/1980 because gold was forbidden to own, the government stepped in and changed the rules on them, devasting the brothers and the silver price.
The Hunt's owned 100 million ounces, making the government uneasy. Yet as of 2020, JP Morgan held 600 million ounces, the world record for a single owner. Interesting.
It's been written that JPM suppresses the price on the Comex while accumulating the physical on these dips.
I'm not here to pass judgment, as I believe everything eventually reverts to the mean. It's just a game.
JPM is not wrong, it's a good bet.
But to say the government (or others) will not, or cannot, conspire to fix the price is naive.
Conspiracy has become capitalism's middle name.
CIGA Wolfgang Rech