Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?By Michael Snyder But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgans investment in silver has definitely not paid off. But it will pay off in a big way if we will soon be entering a time of great financial turmoil. During a time of crisis, investors tend to flood into physical gold and silver. And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently stated that there will be another crisis in a letter to shareholders Some things never change there will be another crisis, and its impact will be felt by the financial market. The trigger to the next crisis will not be the same as the trigger to the last one but there will be another crisis. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called bubbles (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets And Dimon is apparently putting his money where his mouth is. If Dimon believes that another great crisis is coming, then it would make logical sense to stockpile huge amounts of precious metals. And in particular, silver is a tremendous bargain for a variety of reasons. Personally, I like gold, but I absolutely love silver especially at the price it is at right now. Over the past few years, JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before. In fact, JP Morgan has added more than 8 million ounces of physical silverduring the past couple of weeks alone Theyre baaaaack.Yes, old faithful is back at it again! Of course, they never really left silver, and have been rigging it non-stop in the futures market, but for awhile there, there were at least no admissionsof newly-stacked silver being made in their Comex warehousing facilities. Yet, after a 16 month period of dormancy within their Comex warehouse vaults,these guys have returned with a vengeance. In fact, our old buddies at JP Morgan Chase, not onlysee value in silver here, but theyre currently standing for delivery in their own house account in such strong numbers, that it commandsour attention. Let me show you what I mean. Heres a breakdown of theComexs most recent silver deliveries to JP Morgan: April 7th:1,110,000 ounces This is a huge bout of deliveries in such a short space of time. In fact, within the realm of Comex world, its such an exceptionally large amount, that it even creates quite a spike on the long-term chart of JP Morgans vault stockpile: Full report at The Wealth Watchman(via Steve Quayle and Realist News) Do they know something that the rest of us do not? Meanwhile, JP Morgan Chase has made another very curious move as well. It isbeing reported that the bank is restricting the use of cash in some markets, and has even gone so far as to prohibit the storage of cash in safe deposit boxes What is a surprise is how little notice the rollout ofChases new policyhas received. As of March, Chase began restricting the use of cash in selected markets, including Greater Cleveland. The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and autoloans. Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes . In a letter to its customers dated April 1, 2015 pertaining to its Updated Safe Deposit Box Lease Agreement, one of the highlighted items reads: You agree not to store any cash or coins other than those found to have a collectible value. Whether or not this pertains to gold and silver coins with no numismatic value is not explained. What in the world is that all about? Why is JP Morgan suddenly so negative about cash? I think that there is a whole lot more going on behind the scenes than we are being told. JP Morgan Chase is the largest of the six too big to fail banks in the United States. The total amount of assets that JP Morgan Chase controls is roughly equal to the GDP of the entire British economy. This is an institution that is immensely powerful and that has very deep ties to the U.S. government. Could it be possible that JP Morgan Chase is anticipating another great economic crisis? We are definitely due for one. Just consider the following chart from Zero Hedge. It postulates that our financial system is ready for another 7.5 year itch What about you? Are you getting ready for what is coming? This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here. Isnt the REASON silver is so low that the big banks are manipulating the price because they had so much silver paper out there with nothing to back it up that they were at a huge risk and this allowed them to stock up at a cheaper price? E X A C T L Y ! ! ! And who did Obama pick as his chief financial advisor about 3 years ago. none other than the former CFO of Chase Physical silver. Not to be confused with emotional silver what happened to legal tender for all debts public n private. these banks just make up their own rules as they go along huh? well they walk all over the playing ground bound by nothing more than avarice and they despise the country and despise its people,we dont need banks they are a parasite and arew blocking a veritable paradise this could be ,free energy,is the key.and it is absolutley allrteady doable with little trouble.this whole thing needs to be restarted and done with the tech that is being withheld, no parasites bankers no usury. as they saw a hundred imbeciles could coem up with a better system than the 1000 degenerates doing it now. 