The physical market has now completely diverged from the paper market

Discussion in 'Gold' started by chimpanchu, Dec 14, 2010.

  1. chimpanchu

    chimpanchu New Member

    Joined:
    Aug 7, 2009
    Messages:
    1,643
    Likes Received:
    3
    Trophy Points:
    0
    Location:
    Australia
    http://kingworldnews.com/kingworldn...ce_-_When_That_Happens,_The_Game_is_Over.html

    Imagine if China decided to take delivery of all their physical metals today, that'll certainly raise alarm bells in every gold/silver investors in the world. They'll be doing the same thing as to what China is doing, asking for delivery themselves. It's going to be like a Bank Run, only it is not paper currency they're taking out but Gold. Comex and LBMA default is imminent.
     
  2. boston

    boston Active Member Silver Stacker

    Joined:
    Jul 7, 2009
    Messages:
    3,915
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    Interesting tactic. Thanks for posting.
     
  3. adrenalin

    adrenalin New Member

    Joined:
    Oct 30, 2009
    Messages:
    2,538
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Melbourne
    so that could be the trigger that sets it all off.
     
  4. Blockhead

    Blockhead Active Member

    Joined:
    Aug 3, 2010
    Messages:
    1,744
    Likes Received:
    5
    Trophy Points:
    38
    Location:
    BrisBanal
     
  5. Silver is Money

    Silver is Money Member Silver Stacker

    Joined:
    Dec 4, 2010
    Messages:
    268
    Likes Received:
    6
    Trophy Points:
    18
    Location:
    Qld
    I really don't know, but I suspect that "the Asians" won't show their hand until they are fully invested in the gold/silver market. Only then will they start demanding delivery of their gold and silver.

    If they do this before they have acquired what they want it will absolutely explode the PM prices beyond belief and then they won't be able to get what they want at the price they want it.
     

Share This Page