Relevant:
- London is Out of Gold; Moving to the Post LBMA-Era Gold Price Reset
- Maguire - LBMA Default Triggered Gold & Silver Takedown
- HKMEX to Cease Trading Monday -- Is it A "Soft Default"?
- Andrew Maguire - Asian Exchange Will Force Reckoning for LBMA And "Paper Gold" Holders
- London Trader: "LBMA Gold-Price Rigging To End; Relentless Chinese Buying of Physical Continues"
2014-12-07 — safehaven.com
``... paper leverage (multiple claims per physical gold oz.) quickly puts the LBMA into distress as physical metal is called for delivery and withdrawn collapsing gold backing by an estimated 100x for each gold oz that is withdrawn.''
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