Welcome To The Silver Standard Resources HUB On AGORACOM

SSO on the TSX, SSRI on the NASDAQ

Free
Message: gold default dead ahead

gold default dead ahead

posted on Oct 09, 2008 10:27AM

and if gold goes, can silver be far behind? this is from jim willie's latest article:



GOLD DEFAULT DEAD AHEAD: The COMEX and London Metal Exchange are living on borrowed time in their corrupt gold game. They sell paper gold, and precious little actual gold metal. See a refreshing straightforward interview aired on CNBC of all places (click here). It is by Jurg Kiener, CEO of Swiss Asia Capital. He points out the dual market for gold, one paper and one metal. He expects soon the US ‘gambling price’ gold market in COMEX and LME to default. By that he means a return suddenly to physical price determination. He is quoted to say THE GOLD PRICE WOULD DOUBLE VERY QUICKLY, LIKE IN DAYS AFTER THE EXPECTED METAL DEFAULT. One should expect the interview to be lifted and removed from their website within days, after they realize the explosive nature of his words.

THE FAVORABLE DISCONNECT: In August, my analysis pointed out that a disconnect was necessary for the gold price to rise independently of the USDollar. Gold is no longer just an anti-US$ trade, but rather a trade on global monetary inflation. With today’s virtual global rate cut, one can herald the transition as complete.

http://news.goldseek.com/GoldenJacka...

Share
New Message
Please login to post a reply