Max Keiser predicts the COMEX will crash as the huge amounts of shorts will not be able to deliver physical Gold and Silver when delivery is demanded. This will lead to huge spikes in the price of the precious metals with gold perhaps doubling in one day.
Max Keiser on the coming COMEX default
November 12, 2008 by disinter
Posted in Federal Reserve, fiat currency, video | Tagged comex, Economy, Gold, Max Keiser | 11 Comments
11 Responses
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How does someone go and purchase gold right now?!
check out apmex.com or other online bullion distributors
Here is one source:
http://www.nwtmint.com/
[...] dollar collapse will be accelerated by a COMEX default beginning on November 28th. More on what this will look like [...]
[...] dollar collapse will be accelerated by a COMEX default beginning on November 28th. More on what this will look like [...]
http://www.bulliondirect.com
Buy 100 oz COMEX for $6,000.
tricou@usa.net
dont buy gold on the internet. shipping will kill you right now. Find your local coin dealer. Every town or city has one or two. They will buy and sell gold and silver. Be it coin, rounds or bars.
NWT Mint does not charge shipping.
An interesting video which I would be interested to know what others think. I dont agree that the metals are going down but i like how he shows the relationship to oil prices.
Any comments?
http://www.marketoracle.co.uk/Article18473.html
all you bugs expecting a gold “skyrocket” are way off for many reasons. this gold is leveraged 100 to 1 in event of comex bust a few trillion will be wiped out much bigger than lehman.