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Message: Upcoming Gold Default

Re: Upcoming Gold Default

posted on Nov 01, 2008 09:27PM

I find this amazing: according to Jim Sinclair, it will only require 21,000 bars to be taken for delivery to end the scheme. Each bar is 100 ounces. At $750 gold, that means we are only talking about $1.57 Billion in gold purchases to clear out the COMEX!

Imagine, if only 1% of the last stimulus checks ($150 Billion) were used to buy COMEX gold, we would shut down the cartel with their own printed dollars!

I can't believe the market is so small-- it should not be that difficult to get some of the big players, Sinclair, Puplava, Embry, etc, to get enough people to take bars to get close to that $1.57 Billion figure.

Hysteria

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