COMEX Default - Banks exiting the scene of the crime

BANK PARTICIPATION IN FUTURES MARKETS
http://www.cftc.gov/dea/bank/deaoct08f.htm
You can see the banks are 33% of the shorts.
http://www.cftc.gov/dea/bank/deaaug08f.htm
You see the banks are 35% of the shorts but have reduced their total shorts by 40,000 contracts.

Commitments of Traders (COT)
http://www.cftc.gov/dea/futures/deacmxsf.htm

Category:

Education

Tags:

• Collapse
• Crisis
• Dollar
• Economic
• Financial
• Gol
• Hyper
• Hyperinflation
• inflation
• Jim
• Mint
• Paul
• Perth
• Peter
• Rogers
• Ron
• Schiff

[tinafiedler1]

Davincij15:

Hi, thanks for your help last time. dojufitz's comment about dealer's not paying properly when the gold/silver went up in 1980 has me worried. If I've held my silver, it goes up, and I go to the local dealer, isn't he obligated to pay me the good price? If not, are the banks obligated to pay me the good price? If not, what do I/anybody do?

Also, what is a PM?

Thanks for your time.

[davincij15]

Let's just say we are lucky enough to have a 1980's style rocket up and down. If the Exchanges are working like the COMEX the dealers will have no problem buying back your gold and silver. Why because they sell it on the exchanges the minute you agree to sell it to them. One of my videos explains this but I don't remember which one. So I will do another one.

However if the exchanges are shutdown, pricing will be local. You will have to find the person willing to give you the best trade.

[thirstybullet]

these short manipulators on the Comex are going to get their accounts incinerated when hyperinflation hits.

[davincij15]

Just remember you can only sue for dollars and if no one is selling gold to the exchanges then there is no official price except the last traded price.

Sure other exchanges will kick in however you have to sue based on US rules.

[Atom299]

Hi davincij15

When you talk at the start of this video about why these countries haven't already dumped the dollar. I think a lot of the reason can be found in this YouTube video "Confessions of an Economic Hit Man"

watch?v=yTbdnNgqfs8

It seems that most country leaders would understand they would run a high risk of assassination if they did that. I expect they'll all be waiting for the big guys to do it first.

This video's an eye opener.

[davincij15]

I have seen his stuff and it helped me connect a lot of dots.

[tradergee1]

You're quite welcome. Keep thinking.

[tinafiedler1]

tradergee1:

Thank you for your advice!

Tina

[tradergee1]

Just remember that when you do sell your Silver you will be receiving dollars so you have to have a plan for where those Dollars are going to go. Your bank? Your mattress? I recommend trading your silver for something else that is tangible such as any Real Estate you own since that price in Dollars is locked in and can't rise with inflation.

[tinafiedler1]

davincij15 RE: Your response on the exchanges

So do you see any danger of the exchanges closing down any time soon? Or any kind of situation (such as now and/or with the Comex)

where that might happen?

If they DO shut down, what kind of "justice" will I get at the local dealers?

Forgive my ignorant questions, but we're all living in unprecedented times, and I'm learning as fast as I can.

Tina

[thirstybullet]

I like your freestyle best. You can do it !!