Gold: Force Majeure (Tick Tock)Submitted by goldenequity on Thu, 06/27/2013 - 10:31
The Feds have abandoned any effort to keep the paper price in line with the physical price. They are purposely breaking the link between paper and physical for one purpose and one purpose only:
When the vaults run out and Force Majeure is declared, all paper contracts will be cash settled at the fake, manipulated, driven down, low balled, paper price.
People who think that they own Gold, but do not posses it, will be forced to settle with freshly printed $$ at the fake low ball price.
JP Morgan and Comex are rapidly running out of Gold in their vaults.
At the current pace, the world’s biggest gold vault located below 1 CMP, and just next to the Fed’s own gold vault, will be empty in about 1.5-2 months.
The Comex vault is emptying at a similarly alarming rate: