Loading ...In the past when we’ve had these COMEX scares, pressure has always been brought to bear upon those who could have forced default by insisting on taking delivery to take cash settlement instead. When it was all paper contracts. But now, China has the inventory. COMEX has become irrelevant. And all this time, we were all wrong. We’ve been saying the wrong thing. It’s not gold.
He who has the silver makes the rules.
I like his comment that when demand destruction occurs at around the $150 mark, it won’t matter because the investment panic will take over. I caught up with a cousin last week, hadn’t seen her for six months or so, and in the interim she has discovered silver. Road to Damascus conversion. Can’t buy enough of it. “It’s going to $2,500, you know.” Her eyes almost literally fell out of her head when we described a 400 oz bar …. my father in law used to keep them on his garage floor mixed in with building bricks as disguise.