This is what probably initiated the PM run today. There may be a possible PM short squeeze. Paper PMs sold short and then delivered will not do. China wants PHYSICAL PMs. Does the London gold exchange really have the goods?
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life. Theodore Roosevelt
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world. -Caxton's edition of Aesop's Fables, 1484
One of those stories you suspect has another level.
I like the reader response: "I think a better way to phrase the sentiment of this news is "Hong Kong demands physical delivery."This is going to be one of those classic examples of what Buffett means when he says that when the tide goes out, you see who was swimming naked.""
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. George Bernard Shaw. Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony Passive Income blog
Hong Kong recalls gold reserves from the UK
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Posted - 09/03/2009 : 17:17:32
