Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Physical Gold Shortage Goes Mainstream

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Zero Hedge
January 19, 2014

While the topic of rehypothecation and the shortage of physical gold is well covered here at Zero Hedge (and the ever-changing COMEX gold vaults’ inventories), it appears the concept of the exploding “leverage” or default risk of the COMEX has now hit the mainstream media. As BNN reports, veteran trader Tres Knippa, pointing to recent futures data, says “there may not be enough gold to go around if everyone with a futures contract insists on taking delivery of physical bullion.” As he goes on to explain to a disquieted anchor, “the underlying story here is that the people acquiring physical gold continue to do that. And that’s what is important,” noting large investors like hedge fund manager Kyle Bass are taking delivery of the gold they’re buying. Knippa’s parting advice,buy physical gold; avoid paper.

One of the problems…

Physical Gold Shortage Goes Mainstream 120140118 gold

That won’t end well…

This article was posted: Sunday, January 19, 2014 at 7:21 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Obama Sued For Funding Terrorist Group Hamas See the rest on the Alex Jones YouTube channel.

Obama Bypassing Congress to Sign UN Climate Change Deal See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.