GOLD 0.51% $1,391.7 gold futures

Something Just Snapped At The Comex (Zero Hedge), page-83

  1. JFI
    6,837 Posts.
    lightbulb Created with Sketch. 304
    It would most certainly become 'an issue' if confidence flunks totally and people actually would like to physically possess their gold on delivery. If confidence in $ deflates or a shock were to occur in financial markets an inability to deliver would be very concerning.

    Who would want some $ cash to make their delivery right if confidence in those $ is shot. People will demand their physical delivery and it that were to be impossible we would see a mighty big disaster the likes we have never witnessed.

    Maybe it will all work out fine and peace will prevail; all the global economies will manage to pay their debts off, service their debts o.k. and get back to growth with real statistics in toe.

    No one needs to be threatened by the fact that a system they may have invested their life work in to is actually inefficient and structurally unsound. It is no one individuals fault. There is no need to defend a system that has been plagued with issues for years, but rather look for a better way to provide the framework for all to work, save real $ that hold their value and invest LONG TERM generationally. The selfish economic attitudes need to change and only the mother of all crashes sadly will probably be the only pill that will do it.

    JFI
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.