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JPMorgan’s Role in Metals Manipulation Is Under U.S. Criminal Probe


STONE

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On 08/02/2020 at 23:40, Seth said:
  • Sales of 100 oz. of gold (purity requirement of .995) in not less than one 100 oz. bar, one kilo bar (32.15 oz), or ten 10 oz. bars trigger a 1099B. Selling Gold Coins Tax Implications)
  • Sales of 5,000 oz. of silver (purity requirement of .999) in not less than five 1,000 oz. bars or sales of 1,000 oz. in multiples of five trigger a 1099B.''

I'm glad most of the gold and silver I buy is in 90% purity.  

* goes and buys tens of thousands of ounces, no triggering * 

😏

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8 hours ago, Minimalist said:

JP Morgan is pushing the price down with a monster short position. They are getting long orders in. 

silver.png

If you compare this to worlds silver production since 2011... 

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  • 6 months later...

"JPMorgan To Pay Record $1 Billion Settlement Over Precious Metals, Treasury Manipulation"

https://www.zerohedge.com/markets/jpmorgan-pay-record-1-billion-settlement-over-precious-metals-treasury-manipulation

I wonder what would happen if I gave a policeman £100 in order to settle a problem???

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  • 3 weeks later...

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