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Pro-Life

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Pro-Life

Re: None

Friday, 10/31/2008 11:59:32 AM

Friday, October 31, 2008 11:59:32 AM

Post# of 521
Upcoming Gold Default by Jim Willie CB

http://www.kitco.com/ind/willie/oct302008.html


The gold & silver futures markets are each hurtling down a dangerous path toward possible default. The artificial paper price has created enormous physical demand, and hampered supply production, if not delivery. The gap between the corrupted paper price and the legitimate physical price in actual trading markets has grown sharply, enough to force a breakdown like in any distorted market. When December contracts in gold & silver are demanded to be satisfied via delivery of the metal, we could easily see the COMEX fail in delivery. A default is highly likely.

* The novelist George Eliot once said that "it is never too late to become what you might have been." That quote inspires me to seek those investments in the future that I didn't in the past.

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