Hi champ. See my responses to your questions/comments below:LOL...

Hi champ. See my responses to your questions/comments below:

LOL SaturnV,

You said-That is, in the same way it DIDNT default in 1980?

My comment :

SatV are you trying to say that this is the same global scenario as 1980??? No.

In 1980 did the world wake up to the largest fraud in history in Gold??? No.

What happens when say 30-50% of people demand delivery of their gold???

I refer you to my prior comment on the Hunt brothers experience. I cant remember what percentage of the silver market they had covered, but it was significant & of the order of the hypothetical percentages you quote above. They didnt take down the comex, the opposite occurred. THEY were taken down.

You say that Govornments aren't going to allow a default to happen.

I say that it is inevitable. Will the gov'ts just pluck gold out of thin air???

The comex may default, it may not. But my view is this - there wont be a price spike if it happens. There are too many powerful interests that will ensure that wont happen. There are countless ways governments & exchanges can manage such a scenario so a price spike doesnt happen. As I said before, if the past two years hasnt shown us all the power the banking cartel wields to protect their interests, nothing will.