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Richest Man Getting Into Silver? - KingWorldNews. Is JPM crapping thier pantsuit?

Is the World’s Richest Man Getting Into Silver?
[and is JP Morgan crapping their pantsuit?]








I know of one wealthy individual who bought resources in the ground so he could develop the mine and keep all of the gold it produces. This is essentially what Carlos would be doing with silver. I don’t know if the rumor with Fresnillo is true or not, but there is a lot of logic to it. Also, looking at the chart, it is obvious it was under strong accumulation for most of 2010.”

James if you were Carlos Slim, would you buy Fresnillo to gain exposure to the price of silver?

“Absolutely, sometimes when you have billions of dollars to invest it can be a hard thing to do without moving the market. Given that you can’t buy billions of dollars of physical silver without sending the price into the stratosphere, the best way to do that would be through this acquisition. To be clear, let me disclose that I have no position in Fresnillo.

If this deal goes through, it’s going to cause a lot of people to take a look at the silver market. One thing that is certain is that a lot of smart money with billions to invest is looking at ways to get exposure to both gold and silver.”

As gold and silver continue to gain prominence in the financial world, it may be the biggest money in the world which is now wanting a stake. If Carlos does this deal as Turk said, it will make a great many investors around the globe take a look at the silver market.

Eric King

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