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bobhwang

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bobhwang

Re: None

Sunday, 12/04/2011 8:24:22 AM

Sunday, December 04, 2011 8:24:22 AM

Post# of 67010
only the brain dead can't see this coming....

To paraphrase what Kyle Bass recently said, 'There is $80 billion in open interest in gold futures and options, and there is $2.4 billion in deliverable gold at the exchange. The exchange is a fractional reserve system, and they plan for a one percent redemption. In the event of a greater demand for redemption, they assume that price will take care of it. The decision for a fiduciary is simple; take your billion in gold out now.'


got gold!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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