nmelendez

Did the ECB Save Comex from Gold Default? (Part 2)

I have this funny sensation that Gold is being bought with the USD via the banks and then passed to treasury as a gaurantee on the TARP funds. I do not really believe the US would leave itself in a vulnerable position. All Banks are buying gold but via third parties and in a way that is opaque to the general populace. Just this funny sensation that conspirationists might have it backwards and the US is BUYING gold with USD, not selling.


On Apr 07 10:34 AM Avery Goodman wrote:

> Generally speaking, I agree with you. I think further that the derivatives
> dealers would have a terribly difficult experience in continuing
> with the alleged gold & silver pricing fraud, if people, especially
> any of the larger hedge funds. If two of them could bought 50,000
> contracts each, and then stood for delivery, that would end any possibility
> of continuing the alleged conspiracy.
>
> Since most of the shorts are probably naked, gold would not be available
> to satisfy the deliveries. The ECB and/or the Federal Reserve would
> be forced to make a huge and dangerous policy decision, to bail them
> out.
>
> If the same thing were done in the silver market, since the sovereigns
> have no silver, and the shorts are even more certainly naked, the
> result would be complete implosion.

Did the ECB Save Comex from Gold Default? (Part 2)

To the author----> That's what were waiting for, the first failed delivery. :)