At some point - very likely before the US presidential election in November - the paper trading system operated by COMEX will finally collapse and the new exchange set up by the Chinese that is based on actual physical delivery will dictate the market price of Gold and Silver.
In a stunning move, Deutsche Bank has admitted that it has been illegally suppressing the price of Gold and Silver since 2007 by selling paper contracts (derivatives) in huge quantities. If a major investor or sovereign nation like China or India insisted under the terms of their futures contracts to take physical delivery of, let's say, a half billion dollars or more in Gold or Silver, COMEX couldn't deliver because the exchange doesn't have that amount of the metals available in its warehouse. At that point, COMEX would have to shut down, which would have a cascading ripple effect on the credit markets and banking system.
The Conspiracy Theorists Were Right: Mega Bank Admits to Rigging Global Gold and Silver Markets Justin Gardner | Activist Post
Apr 15, 2016
If criminal bankers would not have conspired to suppress gold for the last several years, what would the price be today? Gold expert Bill Holter says, “You couldn’t have $5,000 or $10,000 gold and 0% interest rates. I think there would have been a panic into metals (gold and silver) by now because the price suppression has been used to hit people’s emotions. It’s been used to hurt their psyche. I think if they had not dumped all this paper to suppress the price, the pot would have already boiled, and there would have been a run on the banks and a run into the metals.”
So, if the banks would not have criminally suppressed the price of gold, we would already have a gold price that would be thousands of dollars higher than today. Holter says, “Yes, absolutely. Gold is real money that cannot default. That is what this is all about. When the whole system defaults, what’s going to be left standing--gold and silver, real money. They are no one else’s liability.”
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