Originally posted by Amagnon
I expect gold and silver to drop significantly when it happens - although it is possible they will go up .. it's really hard to tell.
silver and gold will come out the other end of the bank holiday at vastly increased values.
Buy silver and gold, this thing is far from over.
I expect the gold and silver market will BE the NEXT to CRASH.
People are taking there paper gold investments in and trying to trade them for gold.
This also goes for the futures contracts,
and the companies are having a very hard time covering them with gold.
Several large gold futures contract holders are demanding physical delivery in London. The LBMA does not have the metal in inventory. The
officials have offered the futures contract holders cash plus 25% dividend for settlement without gold delivery. The contract holders refused. They
want their fuchn gold (using a French term by the source, my unique palatable spelling)!!! There was very high volume involved in the contracts. The
standoff is not settled. It could go to court. The London authorities are trying desperately to keep the story from hitting the press. It helps to
have the syndicate in control of the press networks. The Bank of England and one other European member central bank are working feverishly to fill the
contract order, but unfortunately they are using very old gold bars that are reportedly only 90% gold. That invites a new potential challenge.
agoracom.com...
This my turn into a very strange crash in that the gold price my go up for these that are holding gold metal in there control.
but those that have gold in the control of other may lose everything.
If you have paper gold, gold futures. or gold being held in your name in a investment company vault you may be one of these people that lose
everything.
Many people don't understand that many companieas that hold gold in there vault for you can and maybe are using your gold as collateral in gold
market trading.
If the paper gold market crashes because they can not cover there trading
they may go bankrupt and YOUR gold may be used to pay off the bankruptcy.
www.commodityonline.com...