A situation where more gold standing for delivery than is claimed to exist is NOT a “good” thing. This is a VERY dangerous situation of potential default and one where by hook or by crook has been avoided to this point. Is it this delivery month where delivery fails? I do not know.
I do know we live in a world where China is importing every single gold ounce produced on the planet leaving nothing else leftover for the rest of the world.
This situation can only last or continue as long as vaults have gold and the owners are willing to fill the deficit between supply and demand.
I will say this, the global financial system will completely seize up and close for trading once gold delivery fails. This will only take 48 HOURS after a failure, and the ability to procure metal, sell stocks and bonds, or do anything else financial will not be an option.
Central Banks have LOST CONTROL.
The coming global financial crash will be greater than anything ever before seen in history.
The time for REAL INSURANCE has never before been this great!
There are only 2 viable scenarios which can explain Thursday’s .84 flash crash in silver on the London Fix:
“This is it. We’re watching the meltdown. This is history being made…
The margin call, the meltdown, we’re watching it in real time… I guess the best way to look at where we are right now is, we’re standing at the gates of Hell.”
To think “this time will be different” is the height of idiocy.
The only “difference” will be the scope and magnitude of how bad the collapse will be. Previous credit bubbles never included the issuer and finances of the world’s reserve currency.
The “foundation” to the world’s financial system will come into question and the greatest panic of all time will only be stopped by turning the lights out in the casinos.
Loss of control and the plugs being pulled all around the world will lead to one universal “view” – when the dust clears …it will be an UNRECOGNIZABLE VIEW!
From Greg Hunter:
One of Holter’s 2016 predictions is for a market crash—a big one.
Holter contends, “I think you are going to see a closure of the system. Walmart shelves will be cleared out in a couple of days. This is like a hurricane, and it will last for a while. This is not going to be something that will last a few days and be done and gone. . . This is going to take a fair amount of time to clean up. . . . If you live in the cities, well, good luck. It’s going to be complete mayhem.“
In this MUST WATCH interview, Bill Holter warns a MASSIVE false-flag is being planned to cover-up the complete systemic COLLAPSE of the USEconomy…
Bill Holter joins the SGTReport to slice and dice the mainstream lies about as well as anyone can.
And Bill says before the next economic collapse there will be yet another big 9/11 style event: