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JPMorgan Chase & Co. (JPM $314.21)
- $314.21 P/E (TTM): 16.07X Cap: $855.36B
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Q: what is the best way to invest in stable coins ? does the genius act(USA) and the proposed similar legislation by carney 's liberals have any positive material effect on companies in Canada and the USA and if so what companies do you like? thanks Richard
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JPMorgan Chase & Co. (JPM $314.21)
- $314.21 P/E (TTM): 16.07X Cap: $855.36B
- View JPM Profile
- View Questions on JPM
Q: Conspiracy Theory???
For decades I have heard and read that JPM, as a bullion bank, has an enormous inventory of silver bullion actually owned by the firm. This is in addition to the bullion they store for other parties making a nice fee. Further, it is suggested that JPM backstops other institutions that may require an infusion of bullion to meet an emergent demand. ie. The London Metal Exchange. Fortunately, this rumour was what motivated me to choose JPM as my US bank stock a 2+ decades aqo.
I have searched JPM's 2004 Annual Report (330+ pages) in vain looking for some record of massive silver holding which would show up as a major asset on the Balace Sheet. As the price of silver has appreciated I would expect that this growing value would be reflected in the financial statements.
Can you explode the myth or confirm any of the above?
With appreciation,
Ed
For decades I have heard and read that JPM, as a bullion bank, has an enormous inventory of silver bullion actually owned by the firm. This is in addition to the bullion they store for other parties making a nice fee. Further, it is suggested that JPM backstops other institutions that may require an infusion of bullion to meet an emergent demand. ie. The London Metal Exchange. Fortunately, this rumour was what motivated me to choose JPM as my US bank stock a 2+ decades aqo.
I have searched JPM's 2004 Annual Report (330+ pages) in vain looking for some record of massive silver holding which would show up as a major asset on the Balace Sheet. As the price of silver has appreciated I would expect that this growing value would be reflected in the financial statements.
Can you explode the myth or confirm any of the above?
With appreciation,
Ed
-
Goldman Sachs Group Inc. (The) (GS $786.34)
- $786.34 P/E (TTM): 16.0X Cap: $235.84B
- View GS Profile
- View Questions on GS
-
JPMorgan Chase & Co. (JPM $314.21)
- $314.21 P/E (TTM): 16.07X Cap: $855.36B
- View JPM Profile
- View Questions on JPM
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Appreciate your insight.
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Appreciate your insight.
Paul F.
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