Member since May 2012
188 commentaries - 1 follower
has posted a comment on the article :
>When Silver Sneezes, Derivatives Will Catch a Cold  - Jeffrey Lewis - 
You forgot the rules:

1. The casino never loses.
2. When the casino loses follow rule 1.

When you own the game it is easy to change the rules at will and trample anybody who is successful when THEY play by the rules. Worry about the day when governments send their central bankers to your door to confiscate your gold and silver at a price determined by them. Of course this will never happen...........will it??

3237 days ago
Beginning of the headline :What would a silver market default look like? Look no further, because a silent default is happening now. The cash settlement mechanism for the default has been well-established and put in place for that purpose.Cash settlement for now, nevertheless, without physical delivery for industrial users, would send shock waves throughout the industry. The drama is enough to trigger a panic, despite any ability of some users to switch or find substitutes.Like all financial defaults, the break in confide... Read More
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