Precious Metals Default Scenarios - Silver & Gold Markets

Uploaded by BullionBullsCanada on Jan 17, 2011

Bullion Bulls Canada Audio Article for Jan 16 2011, 2011-01-16 , Written by: Jeff Nielson, Narrated by: Chad McNamara

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For obvious reasons, there has been a great deal of discussion about actual, formal "defaults" in the gold and silver markets. Among those "obvious reasons" is that informal defaults are apparently already taking place in both markets.

Beginning in the London gold market over a year ago, and now rumored to be occurring in New York's "Comex" silver futures market, buyers who have legally contracted to take "physical delivery" of the metals they have purchased are said to be accepting large, paper bribes to accept a "cash settlement" instead.