Comments on: More Evidence Gold is Being Hoarded as Comex Fulfills Gold Contracts With Paper

By: mikej

mikej — Fri, 04 Jun 2010 16:24:29 +0000

Things will probably get worse as the impact from the US and European bailouts continues. Rick Ackerman makes a convincing case of this in this article: http://www.rickackerman.com/2010/05/europeans-wil...

By: Phil

Phil — Tue, 08 Dec 2009 09:04:56 +0000

It’s interesting to note that 100% of the December gold contracts requesting delivery of physical gold were settled with cash instead of bullion (first link in this article).

Indeed, it appears as though obtaining physical gold through Comex has come to an end, at least for the immediate term. Just one more bullish factor for owning physical bullion.

It’s my opinion that the gold/precious metals bull isn’t going to run out of steam anytime soon and more fuel keeps feeding the fire.

By: sharonsj

sharonsj — Mon, 07 Dec 2009 16:42:17 +0000

Yup, also read that some of the shipped gold bars turned out to be fake (gold-plated tungsten), but I have seen precious (pun intended) little coverage of this. Also, naked short selling needs to be banned. How can you buy and sell something you don’t even own?

By: H Thomas

H Thomas — Sun, 06 Dec 2009 17:25:48 +0000

“England in effect defaulted in 1931″ … by leaving the gold standard presumably. Let’s not forget that the USA defaulted similarly in 1971, when Nixon unilaterally renounced exchangeability of foreign-held dollars for gold. On the basis that default is an indicator of imperial decline, maybe it’s been happening in the USA for decades already?

(The British Empire lasted well beyond 1931, too).

By: rich

rich — Sat, 05 Dec 2009 04:01:43 +0000

Fools don’t have it…all they have is tungsten gold plated bars…shit has hit the fan.