Relevant:
- Andrew Maguire - More On The LBMA Default & Ensuing Panic
- Andrew Maguire - Asian Exchange Will Force Reckoning for LBMA And "Paper Gold" Holders
- Do Paper Sellers Have Silver to Deliver?
- Jensen: Swiss Gold Vote 'Pre-Shock' Exposed LBMA Weakness; Default Coming
- Asian Dollars to Precious Metals "Two-Step"
2013-04-15 — kingworldnews.com
...
"Entities went to the LBMA and said, ‘We don't trust anybody anymore. We want our physical metal.' They were told they would be cash settled instead by a bullion bank. The Western governments have been trying to plug holes, and the reason for it has to do with the default that was taking place at the LBMA.
This is why this smash has been orchestrated because of the run that has been taking place on physical metal.
If Maguire is right, there should be a pretty vicious "spring back" of the precious metals in not too long (and we have heard what Maguire is saying from multiple different sources). We imagine the only thing that could stop that would be if China wanted to put its heft (continue putting its heft?) behind shorting gold and silver in order to extend the amount of time they can get physical bullion cheap.
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