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RE: J.P. Morgan: The World’s Biggest Silver Investor (675 million ounces)
It is rumored they are the largest purchaser of American Silver Eagles
It is rumored they are the largest purchaser of American Silver Eagles
Yes, they buy and melt them into bars.
Yes, I have heard that, too. Makes no sense, to me. But I have heard it from more than one source.
That right there should be criminal.
I can think of cheaper ways to get silver if you're just going to melt it into bars...