Economy and Finance
Gold and Silver Default Scenarios
In reality, as the “cash settlements†continue to get larger and more frequent, at some point one or more large holders in this banker Ponzi-scheme are going to lose their nerve, and insist on real bullion rather than paper bribes.
Indeed, the bankers consider this mechanism to be a “perfect solution†for the parameters of having very finite amounts of (extremely leveraged) bullion, while having access to infinite amounts of banker-paper from central bank printing presses.
In reality, as the “cash settlements†continue to get larger and more frequent, at some point one or more large holders in this banker Ponzi-scheme are going to lose their nerve, and insist on real bullion rather than paper bribes. Such an event does not need to result in an official default. It merely needs to “spook the herdâ€.
As word gets out of some prominent investor refusing any quantity of banker-paper in favor of physical bullion (i.e. real “moneyâ€), this will cause the holders of $100’s of billions of dollars of “paper bullion†products to ask themselves a very pointed question: “am I holding ‘bullion’ or am I holding  ‘paper’?â€
More importantly will be their response to such a question. The two obvious responses are either to demand delivery or to sell their paper bullion. At that point, it won’t matter which path is taken, since both roads will lead to the obliteration of the bankers’ 100:1-leveraged, paper gold Ponzi-scheme.
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