This is an interesting chart...especially at the bottom, where it is clear that there are now 92 'owners' with paper claims to every physical ounce of Gold held by the COMEX. - 92:1. Think about that for a minute. Those are not good odds to bet against. This is the fractional Gold racket writ large. A LOT more paper-gold has been sold (and is being traded) at the CME's COMEX than physically exists, and trades are already being settled in fiat currency instead of in physical bullion on the CRIMEX. - Imagine what will happen if demand for settlement increases from the current levels? Endless lawsuits that will be futile attempts to recover what people 'think' they own, but really do not ......and never did.
Sunday, 22 December 2013
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