One thing to remember – when these huge financial upheavals occur,
you find out “the day after” they’ve tried to patch things up.
A situation where more gold standing for delivery than is claimed to exist is NOT a “good” thing. This is a VERY dangerous situation of potential default and one where by hook or by crook has been avoided to this point.
- The Comex is now operating on a ratio of 542 paper [counterfeit aka; derivative] ounces for every 1 ounce of registered [physical] gold
Is it this delivery month where delivery fails? I do not know. I do know we live in a world where China is importing every single gold ounce produced on the planet leaving nothing else leftover for the rest of the world.
This situation can only last or continue as long as vaults have gold and the owners are willing to fill the deficit between supply and demand.
I will say this, the global financial system will completely seize up and close for trading once gold delivery fails. This will only take 48 HOURS after a failure, and the ability to procure metal, sell stocks and bonds, or do anything else financial will “not” be an option. ~ Bill Holter
Once more at Cambridge, the world’s leading Symposium on Economic Crime, and over 500 distinguished speakers and panellists drawn from the widest possible international fora, gathered to make presentations to the many hundreds of delegates and attendees.
This Symposium has indeed become an icon among other international gatherings of its knd and over the years, it has proved to be highly influential in the driving and development of international policy aimed at combating international financial and economic crime.