How JP Morgan and HSBC Control Vast Amounts of Physical Gold and Silver

J.P. Morgan Chase and HSBC control vast amounts of gold and silver via holdings in their COMEX warehouses and ETF custodial arrangements.

J.P. Morgan is the largest COMEX hoarder of silver and custodian of the largest silver ETF.

HSBC is the largest COMEX hoarder of gold and custodian of the largest gold ETF.

How much gold and silver do they control?

Are their holdings confiscation targets?

The Lowest Cost. Period.



Watch “How JP Morgan and HSBC Control Vast Amounts of Physical Gold and Silver”

Watch Video on Bitchute

Check out all the Smaulgld podcasts here.

Not a Smaulgld subscriber? Sign up here.

Donate To Smaulgld.com via paypal

Amount of Silver Controlled by JP Morgan Chase and HSBC Bank plc

Set for below are the amounts of silver controlled by JP Morgan Chase (JPM) and HSBC Bank plc (HSBC). Please note neither JPM or HSBC and or their affiliates may hold any direct beneficial ownership in any of the silver held in the ETF SLV. Further, neither HSBC nor JPM and or its affiliates may not have ANY direct ownership interest in any of the silver held at the HSBC or JP Morgan Chase Bank NA COMEX depositories.

Silver in COMEX Approved Warehouses

jp morgan comex silver april 12 2017

COMEX data source: CME/goldchartrus

Silver in Exchange Traded Funds

Silver Held in ETFs April 12 2017

SLV accounts for approximately 57% of the silver contained in silver ETFs.

silver etf april 12 2017

SLV holdings from ishares.com

Total Silver vs Annual Silver Mining Production

JP Morgan Chase and HSBC Control of Silver vs Annual Global Silver Mining Production

Silver under the control of JPM and HSBC equals approximately half of the annual global silver mining production.

2016 global silver mining production data: Silver Institute

SD Bullion
Golden Eagle Coins
Money Metals Exchange

Amount of Gold Controlled by HSBC and JP Morgan Chase

Set for below are the amounts of gold controlled by JPM and HSBC. Please note neither JPM or HSBC and or their affiliates may hold any direct beneficial ownership in any of the gold held in the ETF GLD. Further, neither HSBC nor JPM and or its affiliates may not have any direct ownership interest in any of the gold held at the HSBC or JP Morgan Chase Bank NA COMEX depositories.

Gold in COMEX Approved Warehouses

gold stocks in Comex approved vaults april 12 2017

HSBC and JPM warehouses control 51% and 10% of the COMEX warehouse gold, respectively. Combined the two entities control approximately 61% of the COMEX gold.

HSBC comex gold holdings

Comex gold in warehouses

COMEX data sources: CME/goldchartrus

Gold in Exchange Traded Funds

Gold Held in ETFs april 2017

GLD equal approximately 40% of the gold contained in gold ETFs.

Gold EFT april 12 2017

GLD holdings from SPDR gold shares

Total Gold vs Annual Gold Mining Production

JP Morgan Chase and HSBC Control of Gold vs Annual Global Gold Mining Production

Gold under the control of JPM and HSBC equals approximately one third of the annual global gold mining production.

Annual gold mining data: GFMS team at Thomson Reuters

HSBC is also a U.S. Mint authorized purchaser of American Gold Eagle coins.

n.b. there is no evidence that JP Morgan Chase has acquired any American Silver Eagle or Canadian Silver Maple Leaf coins, in any quantity.

The Lowest Cost. Period.

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
SD Bullion
Golden Eagle Coins
Money Metals Exchange

Further reading:

JP Morgan and Silver

US Mint Authorized Purchasers

Donate To Smaulgld.com via paypal


Donate To Smaulgld.com via paypal

Sign Up For Smaulgld.com Updates Here!

If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.

Please consider making a small donation to Smaulgld.com. Thanks!





Get Free Updates From Smaulgld.com

Subscribe to Smaulgld.com and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.






Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.


You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion, Perth and Royal Canadian Mint ads on the site.


Browse Silver Coins on Amazon

The Lowest Cost. Period.

Browse Collectible Coins on Amazon

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation