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The Comex Nears Default!

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http://silverliberationarmy.blogspot.com/2011/04/comex-nears-default.html

Bob Chapman of the international forecaster, in a recent interview says how the Comex is nearing default. Not only does he make this prediction (which I believe is inevitable). He lays out how he believes they will do so;

1. Tell their clients we don't have the silver and pay 25 cents on the dollar.

2. Default outright and pay nobody.

3. Have the Federal reserve step in and and cover all of their loses.

Option number 3 is obviously the most likely, as letting the Comex default would be catastrophic. He believes this may occur when silver hits 55 - 60 Dollars an ounce, we shall see.

So if you had a choice would you want any amount of freshly printed cash or what ever silver they had.

Still I'm sure this is just a nut job view and Comex has all the silver it needs. I mean they'd never allow it to trade otherwise.

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Guest spp

Still I'm sure this is just a nut job view and Comex has all the silver it needs. I mean they'd never allow it to trade otherwise.

You being sarcastic, right?

He's increased a lot of people's wealth! Don't you forget that.

edit: To the paper junkies he probably does seem like a 'nut'. :D

Edited by spp

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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