``The total amount of "gold" supposedly held at the Comex is now roughly 8 million ounces. Total holdings of "gold" which GLD-holders think they own is over 25 million ounces. If we assume the same one-for-one fraud which the banksters have reported in the silver market; this would put total Comex inventories somewhere in excess of -17 million ounces of gold. In other words, at some point in the past (perhaps the distant past) the Comex actually "defaulted" (at least in the technical sense) on its gold inventories''

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