COMEX Hurtling Towards Default And People Will Be “Settled” With Dollars, No More Metal Will Be Delivered!

Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories

As the headline battle between paper sellers and physical buyers of gold escalates, something eerily strange is continuing behind the scenes.

As first reported here on April 9thComex gold inventories have been plummeting, demonstrating the highest levels of physical removal ever during a single quarter in Q1, 2013.

Most shocking however, is that Comex warehouse inventories are accelerating their downward plunge, with dropping inventories now spreading to the world’s largest fund depositories.

Over the last four weeks alone, total reported inventories of ETFs, funds, and depositories collapsed by over 5.5 million ounces, or in dollar terms, by over $7,000,000,000 dollars.

This brings to mind important questions, such as…

-Why is there such a panic going on to remove physical gold from Comex registered warehouses and other depositories?

-Why did it begin before the collapse, and why does it now appear to be accelerating?

-Why is the multi-trillion dollar fund management industry denouncing gold, while it quickly moves inventory out of registered warehouses?

-Where is the gold moving, and what is it telling us?

-Is this wholesale migration signaling an imminent geopolitical or major market event?



The COMEX will default in the next week or several weeks and people will be “settled” with Dollars, no more metal will be delivered! So, knowing that “game over” has arrived, they are dumping a massive volume of paper contracts with impunity to push the metals prices as low as possible before the “default”. This way the “shorts” do not have to and will not be “covered” when “supply” cannot be obtained because of “an act of God”. They will be settled in cash (at a profit no less) because these “unforeseen” disruptions in supply. “Who could have seen it coming?” will be the mantra. I would suspect that banking stress and “bail ins” will also become prevalent globally. The pricing structure” will now push any and all physical sellers away from the markets and the “door” to safety is effectively being shut. Either you own metal or you don’t.

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.

ALERT NEWS FLASH DANGER TO U.S.A. COMEX Default According To Silver Doctors

In this MUST LISTEN interview, the Golden Jackass Jim Willie states that in the wake of the impending LBMA default that Andrew Maguire warned was in progress Monday, physical gold orders in size are being filled at the $2,000/oz price level, while the COMEX futures prices crashes and burns!

APMEX Silver Eagles Now As High As $10.49 Over Spot

Scroll down

Update…The 1993 is now $11.49 over spot.

U.K. Royal Mint Gold Coin Sales More Than Tripled in April

Link was found at Zerohedge…along with some of their comments.


Gold Retraces Half Of Record Plunge

With its biggest 8-day rally in 20 months, Gold having jumped another 1% this evening has just breached $1445 and retraced half of the record plunge from April 12th. It would appear that the record physical demand that we are seeing in every corner of the globe is indeed leaking back into the actual price of gold.

Spot Gold has retraced half of its record plunge losses…


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  • Rogoraeck

    Now that a load of my mind!

    You get Dollars for your claim on physical Gold!

    Gold is not backed by anything. Not like the US Dollar which is backed by the Government!

    S I’d rather have something which is backed by the government! Because I trust the government. They wouldn’t, Lie to us!
    Wouldn’t they??

  • Victor

    I’m more interested to know that if gold is not in the registered inventories, then where is it moving to??

  • PJ London

    I posted this 4 days ago, but advised clients 10 years ago of the same, as US<EU<UK economic model is insane and unsustainable..

    I have been expecting this because a) much of the physical gold was found to be tungsten with a gold plating, b) USA told Germany that they cannot have their gold, but only 20% over 5 years, c) Amro (and now others) told customers that they no longer have access to gold, but wil have to take cash d) Swiss bank says government will not allow customer who deposited Gold bullion to withdraw it from the bank, e) US requires name and ID of all Gold / Silver transactions.
    What I think will happen is that the price of gold will be driven down, with few or no bullion deliveries. No-one will want to buy contracts and gold could go back to $500. One Friday after close in NY, there will be a world-wide (US EU, possibly South American countries, Africa, India [bullion] )announcement that all positions on contracts will be settled for cash at closing price.
    Then Governments will again give 2 weeks to turn in all gold at close price and any gold in private hands after this date will be contraband and seized [with dire penalties, and now they know who has purchased / sold, and who is holding in Commercial banks ].
    Gold will be Central Banks only (do not know about China, Russia Middle East) and will rise to $10k, $15k or more. Someone is quoting $50k per oz.
    Rothschilds make killing and little people will get scalped.
    I have no idea of time scale "In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”
    — Rudiger Dornbusch

    My only comment is that once they decide to come for citizens assets, it won't matter what form the asset takes. Cyprus, Gold swap / confiscation, land taxes, seizing overseas cash (as undue tax avoidance) all will be sequentially grabbed once the move is made, welcome to the Gulag.

    • 1G25

      Seizing assets like gold will be as much fun for federal agents as seizing our guns, with comparable unpleasant consequences

  • fishychick

    Stop sensationalizing your headlines. With that lead in, I expect a verified announcement from the COMEX. “Analyst predicts” in front of your headline, and you sound like an honest news reporter. Grand announcements that lead to other grand announcements make you look like MSM.