His inference about Bron, and every word he spoke about COMEX and metal demand. That consumed most of the interview, and didn't leave much time for anything factual.
Thanks Miloman for the video link, it puts the topic into perspective. Aimed more at the US market and quite a big youtube hit with all the thumbs up. I doubt that most people would be more interested with what the Fed were up to. Holter was on track with his assumption of the Feds intentions in the early piece of the vid. This is no mystery as for those interested in geopolitical and economic events. As most, I doubt many globally would know who Bron is. I only discovered who he was myself today. And his importance to those on this forum ( my apologies to Bron ). He did answer my question in a humorous way, which shows the nature of the man. To answer JulieW, I'd did look up Bron ages ago only to find a website that appeared as blog. And I don't often go to the Perth mint website. But he seems quite the star on this forum. He may need have leave link for his legits so others know what his role is. As for all this kerfuffle, it seems no biggie. Most of what was mentioned in the video I've heard this all before well before I joined the forum. The Morgan Stanley story, silver shortages made famous by Mike Moloney. Empty vaults of pooled gold traded out with echoes in them. To those just starting to invest in bullion all this bleating creates a urgency to capture gold or silver before it dries up. There seems to be more gold and silver out there than you can poke a stick at. For those who have plenty they will just sit back and watch the show. Their may also be the odd Saudi sheikh who may want a visual of his physical gold holdings in the Perth Mints vaults. As for the majority on the forum, I seriously doubt your holdings are nestled in their vault. And I doubt that Bron is worried about a run on the Perth Mint vault. But I do think their will be some pain for those within the industry with capital exposure and consumer sentiment in the near future. Cheers
and while these apologists (paid gov. shills or simply clueless) pretend that all is biz as usual... FACT: THE CASINO IS ON FIRE...
Yeah no worries. Bron does us all a service by taking the time and posting. This gives us another perspective. He works for the Perth Mint and shares his own opinions. It gives us all great insight into his view. Having said that I don't agree with Bron's views all the time either even though I can appreciate them. As you say Morgan Stanley story highlight what many suspected and gives some major ammunition to those claiming the "cupboards are bare". In fact I'd strongly suspect that's the case. As Bill Holter pointed out, look at Bullion Direct, another scam where they never even had the metal they were meant to purchase for clients. And to Bron's credit he has admitted that there will probably be other cases like this. There's more to the story.... I still believe I am right when it comes to registered vs. eligible though my views have been tempered somewhat as we really don't know what the participants hold until the due date. Also there have been at times lateness from delivery from HSBC on delivery physical metal called for on the comex and other issues. And more still with the accounting practices of "fractional bullion banking" which requires trusting everyone else claiming to have what they say they have and not just write paper contracts. I mean those claims to metal can never really be called upon, so to me it's really just a form of "credit". I wouldn't trust it. Source: http://research.perthmint.com.au/2015/09/21/fractional-reserve-bullion-banking-part-2/ Finally you are right most stackers on here would have physical stuck in a SDB somewhere. So as long as they're not a party to paper claims then they can't be scammed as we have seen happen. And as Bron and others also all agree is likely to happen in the future.
Sorry to burst this bubble Milo, but this is total BS. Longs can't call for delivery on COMEX. This is how little these turtle-wits know about what they are spruiking. You can Holter knows shyte from clay by the way he stumbles through his ramblings too.
See below, I used "call" vs. "stand" Source: http://about.ag/futures.htm Edit: Also the "in" vs "on. Just to be semantically correct because there seems to be some wires crossed. Lest the words I used get "unintentionally" misconstrued by someone who's wanting to pick bones and hurl abuse at others.
Right. So one of the big players in the investment banking industry gives the Clearing House a Notice of Intention to Deliver, without the ability to deliver? I call BS. Besides, delivery involves an electronic transfer of the warehouse receipt - fairly instantaneous. So again I call BS. This incident allegedly occurred 5 years ago, and if they are referring to the lateness of release and physical delivery to their door step, then this is their responsibility after cutting through the paperwork to release the physical and have couriered from COMEX. So I don't see the issue.
Ok so aside from playing word games and looking for fights whilst hurling abuse, you call BS? I am curious. So what happened to the Hunt Brothers and Warren Buffett? Edit: I see your amendment for that incident. So not BS per say but not an issue.
I am not looking for fights, and I am not one for word games?.... And if that is hurling abuse? Then you need to drop your skirt. :lol: I am just totally jack of years of reading about COMEX lack of physical/elligible vs registered/unable to deliver etc etc with no substance to back it up. IMO misinformation like this that gets churned over and over is a blight on this forum, because members frequent here in the faith that they can discuss facts and truth. My amendment? The only amendment was to keep adding lines to my response? For those that have invested heavily based on rubbish posted by so- called experts who keep warning of COMEX default, whilst it may be gut-wrenching for you to realise the truth, it is better now than later. I suggest you familiarise yourselves with the workings of COMEX. Cheers. oh, and that edit was for typos. No issues. Just a few beers.
