more delivery issues on LBMA

[Large Sarge]

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/22_Maguire_-_Elaborates_On_The_LBMA_Default_%26_Ensuing_Panic. html

[Spectrism]

What’s happened now is they are in a position where that leased gold is being asked for and they don’t have it. I know of a very large client who actually turned up for his bullion, was refused his bullion, and told he would be settled in cash. I felt I should go public with that (on KWN). (http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/15_Maguire_-_LBMA_Default_Triggered_Gold_%26_Silver_Takedown.h tml)

...(ABN AMRO) really was the tip of the iceberg. What happened was that we saw that first bullion bank create the first visible default of the LBMA fractional reserve system. I hear of other clients who are now panicking, and what happens? You get an official intervention. That what it (the takedown in gold and silver) was all about.”



Here is the funny thing. They take down the price of gold and silver to cover their "short" positions with cheaper paper gold & silver, but this drives the demand for physical higher. The faking of a COMEX where no physical is delivered will have to pop when some big players find they are cheated out of their supposed holdings and no physical is to be found.

Musical chairs. Most will sit on the floor since all the chairs are just holograms.

[Large Sarge]

Here is the funny thing. They take down the price of gold and silver to cover their "short" positions with cheaper paper gold & silver, but this drives the demand for physical higher. The faking of a COMEX where no physical is delivered will have to pop when some big players find they are cheated out of their supposed holdings and no physical is to be found.

Musical chairs. Most will sit on the floor since all the chairs are just holograms.

yes, there was an article on this and they said in the past, they could scare investors out of the metal with a bad downdraft in prices, shake the trees, but now when the price drops, people buy more....

the whole mindset has changed