While South Carolina investigated investing in silver, the South Carolina State Treasury Department was asked to conduct a study into whether or not the State should invest State Pension funds in gold and silver. The following lines were in the report outlining the silver manipulation by the Fed, JPMorgan etc.

Similar to other commodities, the value of gold and silver is determined by supply and demand as well as speculation. The Federal Reserve, The London Bullion Market Association, JP Morgan Chase, and HSBC Holdings have practised fraction-reserve banking and enganged in naked short selling causing artificial price suppression.