After the closure of the COMEX and LBMA doors there will be no availability and “price” will be meaningless. Your ability to protect yourself is right now for all intents and purposes being eliminated.
Submitted By Bill Holter, Miles Franklin Ltd,:
Last week Barrick Resources announced the postponement of their giant Pascua Lama mine. This was to be one of the worlds largest mines and is now tied up in litigation over true ownership as it appears to show that Barrick does not have clear title. The probale reserves were nearly 18 million ounces of Gold and almost 700 million ounces of Silver. Work on this mine was completely ceased last Wednesday.