Backing the truck up

[trew]

so tell me what scenario do you see in your tinfoil wrapped head do you see making the other 99% of contract owners call for delivery of physical? that would force the fantasy situation that you like to describe above?

Chinese buy up big and stand for delivery.

 

[Court Jester]

so tell me what scenario do you see in your tinfoil wrapped head do you see making the other 99% of contract owners call for delivery of physical? that would force the fantasy situation that you like to describe above?

Chinese buy up big and stand for delivery.

unlikely to happen. A) chinese are already buying up big -- they have been for many years allready -- the Indians as well and it has not happened yet with only 1 % of contracts calling for delivery.

also I dont believe Chinese can legally buy foreign gold like this. ( they are legislated to only buy domestically) -- I am pretty sure this is the case not toally if anyone wants to correct me here.

 

[Guest]

lol only about 1% of these contrats are actually delivered

you are living in a fantasy world if you think they will default

you are completetely delusional if you think a few of these 1% of all contracts being paid out in USD instead of delivered in gold would even rate a mention anywhere let aone spike the gold price up.

Ok mate, so if the Comex had no gold, it wouldn't affect anything. Ok mate.

That is correct it wont matter one bit.

Because that is a fantasy scenario dreamed up in your head alone. Even IF it did happen it would only affect 1 % of contracts -- 1% of the contracts that actually call for delivery.


Thats NEVER going to happen for any sustained period (them have absolutely no gold in their vaults -- ). and in this fantasy world of yours where 1 or 2 contracts of these 1% of TOTAL contracts that actually call on delivery are forced to take cash because they don't have the inventory on hand wont matter one bit, as they will restock / make up some BS excuse as to why it happened and carry on as normal.


so tell me what scenario do you see in your tinfoil wrapped head do you see making the other 99% of contract owners call for delivery of physical? that would force the fantasy situation that you like to describe above?

:lol:

I'm done talking to you about this

 

[trew]

unlikely to happen. A) chinese are already buying up big -- they have been for many years allready -- the Indians as well and it has not happened yet with only 1 % of contracts calling for delivery.

You asked for a scenario and that scenario is possible. I didn't say it was likely but the Chinese govt might just get pissed at America about something else so decide to teach them a little lesson in capitalism.

also I dont believe Chinese can legally buy foreign gold like this. ( they are legislated to only buy domestically) -- I am pretty sure this is the case not toally if anyone wants to correct me here.

Wtf? Do you even have any idea how much gold has been flowing into Hong Kong for years now ?
Go and sell a 100 oz gold bar to a scrap dealer in Aus today and I bet it will be on a plane to Hong Kong tomorrow.
Are you just making stuff up as you go along ?

 

[Court Jester]

unlikely to happen. A) chinese are already buying up big -- they have been for many years allready -- the Indians as well and it has not happened yet with only 1 % of contracts calling for delivery.

You asked for a scenario and that scenario is possible. I didn't say it was likely but the Chinese govt might just get pissed at America about something else so decide to teach them a little lesson in capitalism.

also I dont believe Chinese can legally buy foreign gold like this. ( they are legislated to only buy domestically) -- I am pretty sure this is the case not toally if anyone wants to correct me here.

Wtf? Do you even have any idea how much gold has been flowing into Hong Kong for years now ?
Go and sell a 100 oz gold bar to a scrap dealer in Aus today and I bet it will be on a plane to Hong Kong tomorrow.
Are you just making stuff up as you go along ?

ok I should have said realistic scenario -- we both know the fantasy in your tin foil wrapped heads about them defaulting are just that fantasies in your head.


You might as well said aliens will come to earth in large ships and steal all of earths gold using human slaves to work their huge under ground mines.

(http://www.imdb.com/title/tt0409847/)


I know a lot of gold has been flowing over there for many many many years yet still only 1% of contracts call on delivery and the vaults are still holding gold. There is no realistic scenario that will unfold within my life time that will see a run on these contracts to make the other 99% of the contract holders call for physical delivery, to even put your fantasy scenario into reality.

 

[Yippe-Ki-Ya]

There is no realistic scenario that will unfold within my life time that will see a run on these contracts to make the other 99% of the contract holders call for physical delivery, to even put your fantasy scenario into reality.

What complete and utter horsesh1t! :lol:

 

[trew]

ok I should have said realistic scenario -- we both know the fantasy in your tin foil wrapped heads about them defaulting are just that fantasies in your head.

The past 5 years has been full of scenarios more unrealistic than that one coming true.

 

[Court Jester]

There is no realistic scenario that will unfold within my life time that will see a run on these contracts to make the other 99% of the contract holders call for physical delivery, to even put your fantasy scenario into reality.

What complete and utter horsesh1t! :lol:

like I said fantasy scenarios in your tinfoil wrapped head as you cant fathom your own reality.

The simple facts are that they will not "default" and the vaults wont run dry any time soon, neither of us will ever see this scenario unfold. Silver or gold will not "go to da moon" because comex pays out in USD on a couple of contracts, the chinese aren't the big bad wolf out to get you.

 

[Scyb]

There is no realistic scenario that will unfold within my life time that will see a run on these contracts to make the other 99% of the contract holders call for physical delivery, to even put your fantasy scenario into reality.

What complete and utter horsesh1t! :lol:

Hey that could be true. Who knows when a person's life could end. One accident and boom!

 

[Jislizard]

There is no realistic scenario that will unfold within my life time that will see a run on these contracts to make the other 99% of the contract holders call for physical delivery, to even put your fantasy scenario into reality.

What complete and utter horsesh1t! :lol:

Hey that could be true. Who knows when a person's life could end. One accident and boom!

Are you threatening to kill Yippe?!?!?

in which case, I'm in...

 

[DanielM]

There is no realistic scenario that will unfold within my life time that will see a run on these contracts to make the other 99% of the contract holders call for physical delivery, to even put your fantasy scenario into reality.

What complete and utter horsesh1t! :lol:

like I said fantasy scenarios in your tinfoil wrapped head as you cant fathom your own reality.

The simple facts are that they will not "default" and the vaults wont run dry any time soon, neither of us will ever see this scenario unfold. Silver or gold will not "go to da moon" because comex pays out in USD on a couple of contracts, the chinese aren't the big bad wolf out to get you.

You must work for the govament lol

 

[Court Jester]

What complete and utter horsesh1t! :lol:

Hey that could be true. Who knows when a person's life could end. One accident and boom!

Are you threatening to kill Yippe?!?!?

in which case, I'm in...

 

[pdkbffwleo]

finite resource + dwindling supply + increasing DAILY demand

to da moon!

?????? :/

Industrial demand is less than it was in 2007 and hasn't increased much since 2004.

http://forums.silverstackers.com/message-538508.html#p538508

biggest recession in past 80 years, and demand is hovering near all-time highs...

Yes, less than prior to recession, but considering this...it's doing quite well.