GOLD 0.51% $1,391.7 gold futures

Eintein,I encourage you to look a lot further into the physical...

  1. 12,639 Posts.
    Eintein,

    I encourage you to look a lot further into the physical bullion side of things as you will get a very different (Big) picture.

    Most of the physical bullion is going to the Chinese who are NOT trading the metal. It is being locked away and never to be recycled back into the market for the West to use.

    There is only so much gold floating around and it is widely known and publicized that the comex has around 100 paper contract per ounce of PHYSICAL gold!

    This is a fact and NOT fiction.

    At some stage in the not too distant future there will be a squeeze on the physical metal as more and more people in the WEST decide to take delivery. It will only take another 2% of people wanting delivery to send the gold market completely off it's rails.

    That moment is not that far away.

    Ask yourself, if the comex doesn't have enough gold to back up it's PAPER contracts then where is all the gold going to come from???

    The only way to encourage people to sell some of their gold is for the price of gold to reach far greater heights.

    Then the sellers will definitely come out and supply will hit the market.

    We are so far away from this happening it's not funny.

    Cheers!

    Champ
 
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