COMEX Default shorting of Gold or Silver
Loading...
3,900
Loading...
Uploader Comments (davincij15)
see all
All Comments (37)
-
Great video, I like to talk about Silver and Gold on my youtube channel as well.
-
Thanks, brother.
-
Dec 28 last day to take delivery on Comex.
-
not world wide depression. depression hit only in U.K. and especially U.S.
china has a lot of saving. japan is high tech producer. middle east countries have oil. south american countries have argiculture products. as the rest of the world goes through a corrective phase, they'll continue to trade and do business. the only country in worst position is U.S. they will be left out of the new world economic order. U.K. is second worst position. simply put it U.S and U.K. are in huge debt.
Loading...
Great videos!
What I believe will happen is that the Comex price will separate: it will be one price for the paper and another different price for the real stuff.
AmenMaranhata 3 years ago
Yes it's even happening to day as the price over spot for physical is the highest it has ever been.
davincij15 3 years ago
Thanks for the info. I have a question. I have some gold and silver. let's say it goes way up. Lets say I want to sell some for cash. Since my coin dealer isn't COMPELLED to buy it back, what do I do if he's not buying? Who else will give me cash? Do I need to wheel and deal with the coin guy so I can at least get SOMETHING for my otherwise useless bullion coins? This part of holding physical gold/silver confuses me.
TadRapidly 3 years ago
You will always find some dealer to sell your gold to. In most countries you can go to your bank and sell them, just not in America.
A good dealer that is all to happy to buy back your gold at higher prices is GoldSilver.
As long as there is an exchange like the COMEX there will be liquidity for gold and silver, that is the point of their existence. To provide liquidity for commodities and price discovery.
BTW: Dollars will become useless long before gold ever does.
davincij15 3 years ago
Consider that China and Russia and European central banks have stopped selling gold and started buying the useless bullion bars.
I guess those banks must be crazy right?
lol.
The day you see it as money is the day you will see you have been duped into thinking paper is money.
I'm going to make a video about this again.
davincij15 3 years ago
It does not work that way if the shorts can't cover they get sued by the COMEX and the COMEX has defaulted if it is unable to obtain the commodity for a requested delivery by the longs.
davincij15 3 years ago