Merigolden

Will COMEX Default on Gold and Silver?

I think that is the hundred dollar question. What in the world are hoards of people doing sitting on "billions in zero interest treasuries"? Do you think it is the "herd mentality"? Most anyone I talk to, including sophisticated investors, laugh at the idea of holding physical gold. I think I am either a radical pessimist or a realist, because to me it seems ridiculous to hold instead a promise from a government that is so flat out it cannot pay interest, and one so obviously drowning in its own greed and corruption.


On Dec 22 02:12 PM secmaven wrote:

> It would seem to be only a matter of time for the tiny percentage
> of outstanding dollars necessary to be presented to the COMEX for
> delivery of precious metals to cause its stocks to be exhausted.
> Why the folks sitting on billions in zero interest Treasury bills
> don't see the relative advantage of gold given its strong investment
> performance while every other investment known to man has cratered
> is beyond me. But maybe that's why I am not among those fortunate
> folks. Do they know something the rest of us don't know?