Comment: It's possible

(See in situ)


It's possible

It's quite possible COMEX defaulted many times in the past, but nobody cared or found out. People sincerely put "trust" in fake paper certificates for too long. Persistent demands for physical delivery, like run on the banks never happened.

Today the situation is very different. Hopefully their bluff has been called due to prolonged demand for physical from Asia. BTW, 3 new "PHYSICAL" metal exchanges have come up in Asia: one in Singapore, one in Shanghai & another in Hong Kong. Nobody will be allowed to do naked short selling of paper certificates there. If anyone wants to short, they'll be required to "show their hand"; i.e. physically bring the metal to exchange's vault.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71