The point is ... the short can't settle for fiat (assuming the longs keep their position thereby insisting on metal). In that scenario, the only way to settle is to find 11 tonne of registered gold or gold that could be deposited in registered by the end of the contract.
One phone call to a few Cabal lieutenants at the Vatican with an urgent request for back up and a reminder of the videos of them from the control file collection if they don't make a timely donation and problem solved.
Spot gold did close at 2500 so I'm not discounting your DD
They've always found a way to slither out of their bind somehow someway I don't think this time will be any different but it sure as hell isn't getting any easier
There is also a lot of global gold production (wild guess) that comes from un official mining operations. I'm pretty sure the banks are tight with illegal gold cartels they can lean on
The central banks will sue the commercial banks into bankruptcy for not delivering to them fully paid for physical gold at mid way through the next financial crisis which will be a sovereign debt crisis.
That is the main event. Might still be a long time before that occurs but that is what is going to catapult metals prices to pick-a-number.
11 ton x 32,150 oz/ton x 2000$/oz = zero billion 700mm
I think they'll survive
The point is ... the short can't settle for fiat (assuming the longs keep their position thereby insisting on metal). In that scenario, the only way to settle is to find 11 tonne of registered gold or gold that could be deposited in registered by the end of the contract.
One phone call to a few Cabal lieutenants at the Vatican with an urgent request for back up and a reminder of the videos of them from the control file collection if they don't make a timely donation and problem solved.
Spot gold did close at 2500 so I'm not discounting your DD
They've always found a way to slither out of their bind somehow someway I don't think this time will be any different but it sure as hell isn't getting any easier
There is also a lot of global gold production (wild guess) that comes from un official mining operations. I'm pretty sure the banks are tight with illegal gold cartels they can lean on
Love your DD btw keep killing it!
Ha! I'm sure the Vatican has a lot of gold.
Agreed this particular event isn't likely the trigger to collapse fiat. I suspect there will be a progression of events before that occurs.
Appreciate all your Keen DD, Thanx & keep it flowin... Agree w/ above, the absolute $value here is not earth shuderring...
If delivery was demanded, I'm presuming the Comex requirements are for LBMA "certified" bars? That would seem problematic possibly
Maybe that's why gold is up today and silver tamped down as usual.
How long can this last? I can't imagine they're able to keep doing this for another 20 years. I think we see major moves In the next 5-20 years.
I'm thinking 5 years max.
Could be in 5 days you never know.
Mother nature is undefeated and they messed with a force of nature.
Will the buyer accept GLD I wonder
The central banks will sue the commercial banks into bankruptcy for not delivering to them fully paid for physical gold at mid way through the next financial crisis which will be a sovereign debt crisis.
That is the main event. Might still be a long time before that occurs but that is what is going to catapult metals prices to pick-a-number.