The question becomes when, not if, holders of futures contracts will start demanding physical delivery. Most will discover that the metal isn’t there, which will, ahem, unsettle the commodity and currency markets.
This impending bullion bank disaster is a victory for GATA and its allies, who have been tilting at this windmill for what seems like forever. The Collapse of the Dollar, for instance, contains a long chapter titled the “The Great Central Bank Short Squeeze” in which James Turk, writing in 2004, lays out the evidence for central bank gold manipulation and makes some predictions about what we’re likely to see when the scam is exposed:
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