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Comex December Gold futures DEFAULT!

I sure hope you folks have bought everything you need! when this happens you will not find a single ounce of gold or silver at almost any price. the shortage is proven! market manipulation of silver and gold is proven! please take the time to read the article below! study it and understand it! you have about 30 days!

http://www.gold-eagle.com/editorials_08/willie103008.html

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now throw this into the

now throw this into the equation!
less supply means higher prices!
http://www.kitco.com/ind/morgan/oct312008.html

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

I would imagine big industrial silver users

to be locking in all the quantity they can at $9 or $10 Oz. silver. And yes, at some point, they are going to want to take delivery of their order for production purposes, and that's when the $#@& will hit the fan.

alan laney

watch the dollar sink after

watch the dollar sink after truesday! actually it already started this week.. investment demand for the metals will raise even more when the joe the plumbers start figuring out that there government has been stabbing them in the back! this "strenghtening" of the dollar is artificial! it will now start its journy back down to .62 then to .52! with the shortage of metal, and the naked short position the perfect storm is srrounding silver! gonna be a fun ride for those on the train!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Wouldn't COMEX do nearly

Wouldn't COMEX do nearly everything in their power to avoid a default? Could that be part of the explanation why physical PMs have been in such short supply over the past 6 months? Could they be buying the metals, even at a loss, in order to avoid a default?

If they defaulted would the COMEX go into some hyper acquisition mode in order to rectify the default?

If no gold or silver is available for COMEX, would that then mean the miners would instantly have big money buyers?

I wonder if mining stocks would be a good idea to have a bit of money in considering all this news about the December default.

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yea I think so! when

yea I think so!

when governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

SHAME ON YOU SIERRA-HYPE-BUTT

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

government of the people, by the people, for the people
---

come on greed... you don't

come on greed... you don't see how rediciulous your post is? you say you are now bullish on gold and silver then stick a knife in my back for hype! its not hype its fact! oh the hypocracy!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

talk about a hype post! oh

talk about a hype post!
oh the hypocracy!
http://www.dailypaul.com/node/70994

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

isn't it you who is now

isn't it you who is now "BULLISH" on gold and silver? then why is this hype.. it supports your position? are you on drugs or something? split personality or what?

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

F*CKING HYPE-POST. I HATE IT!!!

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

government of the people, by the people, for the people
---

starting to panic greed?

starting to panic greed? starting to see you made a mistake? tried to buy but can't find anything near the spot price? can't find much to buy! running out of time like this article shows! pressure is on! frustrated? just wait!
oh the hypocracy!
http://www.dailypaul.com/node/70994

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

greed you didn't even read

greed you didn't even read it! do you know how ignorant you look with a post like this? if you disagree then take apart the article and tell us why you disagree!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

What About Gold penny stocks?

Should I buy?

Watch freedomtofascism.com

Patriot News
http://redpillpost.com
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Stand up For your Civil Rights
http://SueBadCops.com

I think so if you can find

I think so if you can find good ones! just take posession of the stock certificates!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

another good article to

another good article to read!

http://www.321gold.com/editorials/thomson_s/thomson_s_103008...

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

you still trying to brainwash all the good people here

into thinking that gold and silver is better than the federal reserves paper debt? You should be ashamed of yourself.... :O)

Get while the gettin is...well not so good...but possible...my friends.

lol..... just rying to reach

lol..... just rying to reach the few that have a brain and will actually read and hopefully have some other patriots with me when wwe reach the far side of the crisis to start over with! greed actually admited he doesn't read anything.. he just blurts out his uneducated "opinion" soon here dale you and I will be laughing all the way to easy street! sad thing is if people would just take the time to study and put away there brainwashed keynsina high school and college economics teachings they would see the truth! isn't government controlled education great!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

I agree...

and hope to see you on the other side...Maybe the "good guys" can start over and really make a difference some day. Thanks for the entertaining jabs with the trolls...

alla they are is font on a

alla they are is font on a computer screen.. its to bad they are so pigheaded!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

at what price should I buy gold

I have instant access to gold. I just bought a bunch at 900.00. I have a buddy with alot of cash.

Watch freedomtofascism.com

Patriot News
http://redpillpost.com
*
Stand up For your Civil Rights
http://SueBadCops.com

I would buy what ever you

I would buy what ever you can buy as quick as you can buy! if you bought at 900 thats a good price!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

hmm...

The way I understand it is that COMEX cannot support the assets that it has sold. They do not have enough gold to honor the contracts they have already obtained. I believe this is why the stock doesn't skyrocket is because they really can't honor the real price of gold so it is artificially deflated to keep them in the market.

More people are starting to take possession.

We'll see how long the CRIMEX can hold off the run.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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going to be a good Christmas

going to be a good Christmas for some of us E_!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

they are selling what they don't have ?

They've been taking lessons from the fed.

~Mikael / Peace, love, Light and unity ~

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !

Touche!

alot of people don't realize that they cannot support the tangible assets that will be necessary in the future economy. Comex would go under if half of their assets were called upon.

notice the lease rates! the

notice the lease rates! the lease rates tell the story!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

What exactly does it mean to

What exactly does it mean to "lease" precious metals? It sounds like a 'lease to own' type deal, or another way of saying to rent, but I find that all very unlikely. Can you explain a bit on this concept?

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from kitco.com

The lease rate is the cost of borrowing gold. In much the same way that individuals borrow dollars, pay an interest charge, and then return dollars to the lendor, gold bullion participants will borrow ozs of gold, pay a borrowing cost, and return the ozs of gold to the lendor. The debt is measured in terms of ozs as opposed to dollars. The value of the metal when it is being borrowed or returned is not a factor. The central banks are the main lendors of gold and the borrowers are the larger industry participants. The lending and borrowing of gold is pretty much reserved for bullion bankers, mining companies, and jewelry manufacturers. You can ask your bank manager to lend you 10 ozs of gold, but you would almost certainly draw a confused look on his face.

There are two factors that determine the going lease rate which is determined by market forces alone. One is the difference in demand between gold for immediate physical delivery ( spot ) and gold contracts for later delivery ( futures ) . The other being the current interest rates for borrowing $US dollars.

High lease rates will encourage stockpilers of the metal to sell into the spot market even when they wish to maintain their inventory levels. Being guaranteed to buy the same metals back for a lower cost at a future date offers them every possible financial advantage. For this reason exceptionally high lease rates cause the demand for immediate delivery to be satisfied, and therefore never last too long.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------

Thanks for the explanation.

Thanks for the explanation. This is pretty much how I thought it worked.

So, the way I'm understanding it, let's say a jeweler needs 1000 ounces for their business but does not want to purchase at the current rates, expecting them to decrease in the near future. The jeweler instead leases the 1000 ounces at, for example, 1%. Then they use up the gold in their various products. Then once the price drops to where they want to buy, the jeweler purchases 1000 ounces + 1% and returns that quantity of gold to the lender.

Does that sound about right?

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