I had a boat at my cottage that was taking on water, one day I forgot my bailer and I went fishing, the water started to come in as usual and I thought I had time to return to the shore with my catch then while everything seemed to be floating the boat sank in 3 seconds. The violence of my sinking completely took me by surprise. I vote for 30 days
As PM Stinker said, he realizes that without US military back-up, any English/French invasion of Ukraine would be a suicide mission, and would only be attempted as a USA trip wire. For that matter, the US armed forces are currently in no condition either, and Trump is probably very aware of this. Stinker and Macron are probably very aware of their intense unpopularity among the "citizens" of their countries, and may be frightened to put their troops in Ukraine as a suicide mission to lure the Donald into joining, as they could well wind up with the same fate as Mussolini. As to the Z man, I give him less than even odds within 3 months to be drawing breath, done in by the real Zionazi government.
I put <90 days FWIW. However I think the prospect is binary in nature and the parties involved have a very strong incentive to ensure this does not happen.
I suspect that unless events overwhelm the LBMA in the very short term, they will be able to put in place measures to ensure this does not occur. Thus, I suspect this will occur either soon or not at all.
Barbra Streisand was once asked if she sings in the shower. She assured the person that, no, she won't sing unless she's paid to do so. In keeping, I won't answer this poll unless I get a discount on something. Actually, it's just too hard a question to grapple with.
Lol, me too. grappling is hard work. I've been waiting on the Apocalypse since about 2012. Didnt see how the Fed could keep the boat afloat.
I'm in agreement with @Pandelis above. This could go on for a good long while, the Jokers in charge simply are too dishonest, cunning and have too many levers to pull to get caught by the short & curleys.
I mean if I had a magic money printer in my basement, I could hire armies of criminals with PhDs to spin a boatload of lies and deception until the day I was chased out of town while throwing buckets of "C" notes at anyone trying to prevent my escape. And escape they will, no banksters will be injured in this story. That much i do know...
The time has not yet arrived for a full default. The rules will change in order to buy the Criminals more time.
The wheels must be truly coming off the economy before the true grab for precious resources becomes a reality. Or an Entity chooses (decides) to back their fiat with gold.
Silver defaulted (for real) in 2011. What changed?? Answer...nothing.
They make the rules kids. Learn how to profit from their rules
They can't ever show their gand, not now. The UK is closer to going to war than ever before and given that we are pretty much broke as a country the BoE are going to have to bankroll the war. If they show their hand that they are in the doodoo the BoE will have to run the printers at full chat because nobody will buy bonds. Maybe 🤔
The LBMA, politicians and bullion bankers will be able to patch the system, make promises and change the law to keep the large institutions onside. The deluge will come when John Q Public makes the switch to physical. That will take at least 6 months.
The fixers control the paper contracts and downstream derivatives. Most holders of Gold ETF’s never read the contracts. Standard language states the ETF’s can change the rules anytime they want. That means when the walls start closing in due to holders demand for physical Gold delivery they will just change the rules. They essentially did that last week when they sanctimoniously told the world physical delivery which was 3 days is now 60 days. That constitutes a default but the fixers are still in business as we speak?
The key issue is with the cash/spot gold and silver contracts in OTC London market. The contracts are party-to-party and cannot be changed by edict without suspending contract / common law. Not saying Starmer may not try that. Just haven't seen that yet.
I agree with you David, it’s just frustrating to know these F’tards have been able to continue this bullion bank Ponzi scheme so long. Intellectually I understand that the physical Silver is truly in a 5 yr deficit, however until demand for delivery finally causes a default it’s rinse and repeat.
What stands out to me with this poll are the options. The LBMA is obviously not fine, so the implication is that David is possibly thinking that this things blows up in as little as 6 months, possibly a lot sooner. Coming from the guy that nailed the Palladium market meltdown, I take that quite seriously.
The level of physical draw in London and the clatter of excuses for delayed delivery tell me that the paper game is nearing its end.
I do not see this going on for years and am anticipating something out of the blue in the London market signaling London cash market chaos for gold and silver.
No one knows better than you that they will do everything in their power to create the perception that everything is fine. The real question is how much of their own gold will they give up to shore up the gaping holes in their long time gold scam deceit. One day they will say NO MAS and the dam will break freeing us to true price discovery and a heck of a ride up!
Ouch...that is plausible...but I think there are enough reasons for the Americans to want gold in the USA even without this factor. On the other hand, it does seem to have been written in the stars that Britain is going to fall this time (to put it politely) so maybe he's right. I don't think gold's flowing out of the EU, is it?
Ole Dave might soon be seized by the need 'to spend more time with family' - for personal reasons, y'all. Henceforth t/b known as 'Door-Rassh Dave' down at ye olde public house.
I had a boat at my cottage that was taking on water, one day I forgot my bailer and I went fishing, the water started to come in as usual and I thought I had time to return to the shore with my catch then while everything seemed to be floating the boat sank in 3 seconds. The violence of my sinking completely took me by surprise. I vote for 30 days
Criticality theory drives natural systems.
What they need is a war to cover their tracks…..
Oh wait…….
Boom
Outstanding!
As PM Stinker said, he realizes that without US military back-up, any English/French invasion of Ukraine would be a suicide mission, and would only be attempted as a USA trip wire. For that matter, the US armed forces are currently in no condition either, and Trump is probably very aware of this. Stinker and Macron are probably very aware of their intense unpopularity among the "citizens" of their countries, and may be frightened to put their troops in Ukraine as a suicide mission to lure the Donald into joining, as they could well wind up with the same fate as Mussolini. As to the Z man, I give him less than even odds within 3 months to be drawing breath, done in by the real Zionazi government.
Agree EG - Zelinsky’s corrupt show is not long for this earth - neither is he.
I put <90 days FWIW. However I think the prospect is binary in nature and the parties involved have a very strong incentive to ensure this does not happen.
I suspect that unless events overwhelm the LBMA in the very short term, they will be able to put in place measures to ensure this does not occur. Thus, I suspect this will occur either soon or not at all.
Cheers
John
The London market / BoE may be overwhelmed right now but calling it 'logistics'.
We'll soon see.
8 weeks is 56 days. Delivery has blown out to 4-8 weeks. 60 sounds good. Loving this run on the bankers and their toilet paper promises of nothing.
You do challenge us Mr. Jensen.
I vote for 3 days after Boris Johnson is appointed Chancellor of the Exchequer and Regent.
lol Starmer, Reeves and Milliband not destructive enough for you?
They all come from the same bin. ;)
They have to consider Image, down at Central Casting:
Misshapen little Johnson makes the perfect Villain.
Remember that whomever does it needs to create 6Trillion "New Pounds" to change the Law and allow for "Cash settlement"..... Large scale Villain!
Barbra Streisand was once asked if she sings in the shower. She assured the person that, no, she won't sing unless she's paid to do so. In keeping, I won't answer this poll unless I get a discount on something. Actually, it's just too hard a question to grapple with.
LOL. Can't discount more than free. 'Streisand Effect' Babs is a poor benchmark for anything.
Lol, me too. grappling is hard work. I've been waiting on the Apocalypse since about 2012. Didnt see how the Fed could keep the boat afloat.
I'm in agreement with @Pandelis above. This could go on for a good long while, the Jokers in charge simply are too dishonest, cunning and have too many levers to pull to get caught by the short & curleys.
I mean if I had a magic money printer in my basement, I could hire armies of criminals with PhDs to spin a boatload of lies and deception until the day I was chased out of town while throwing buckets of "C" notes at anyone trying to prevent my escape. And escape they will, no banksters will be injured in this story. That much i do know...
You can't print metal.
When available metal disappears so does the paper market.
Silver.
The time has not yet arrived for a full default. The rules will change in order to buy the Criminals more time.
The wheels must be truly coming off the economy before the true grab for precious resources becomes a reality. Or an Entity chooses (decides) to back their fiat with gold.
Silver defaulted (for real) in 2011. What changed?? Answer...nothing.
They make the rules kids. Learn how to profit from their rules
Maneco64 suggested that Trump or the U.S. Government is a possible cause of the delay.
https://www.youtube.com/watch?v=iMYdkhDwyQA
I have been anticipating collapse since 2004, ~7,660 days.
That's how many mornings I have awakened wondering if 'today's the day.'
Wake me when gold passes $50k.
Why $50k?
I’ve read that $75k is the level necessary to cover the USD float. On the other hand, I don’t trust damn lies and statistics! 😉
Because that is the point where Fiat Currency is nolonger relevant.
They can't ever show their gand, not now. The UK is closer to going to war than ever before and given that we are pretty much broke as a country the BoE are going to have to bankroll the war. If they show their hand that they are in the doodoo the BoE will have to run the printers at full chat because nobody will buy bonds. Maybe 🤔
"Buy War Bonds, it's your patriotic duty"
My grandmother warned me about those!
The LBMA, politicians and bullion bankers will be able to patch the system, make promises and change the law to keep the large institutions onside. The deluge will come when John Q Public makes the switch to physical. That will take at least 6 months.
John Q Public may be only a handful of additional funds/individuals taking delivery.
The London market is tight.
The fixers control the paper contracts and downstream derivatives. Most holders of Gold ETF’s never read the contracts. Standard language states the ETF’s can change the rules anytime they want. That means when the walls start closing in due to holders demand for physical Gold delivery they will just change the rules. They essentially did that last week when they sanctimoniously told the world physical delivery which was 3 days is now 60 days. That constitutes a default but the fixers are still in business as we speak?
The key issue is with the cash/spot gold and silver contracts in OTC London market. The contracts are party-to-party and cannot be changed by edict without suspending contract / common law. Not saying Starmer may not try that. Just haven't seen that yet.
I agree with you David, it’s just frustrating to know these F’tards have been able to continue this bullion bank Ponzi scheme so long. Intellectually I understand that the physical Silver is truly in a 5 yr deficit, however until demand for delivery finally causes a default it’s rinse and repeat.
Lease rates are above 5% signaling physical market shortage. IMO we are in the end-game.
What stands out to me with this poll are the options. The LBMA is obviously not fine, so the implication is that David is possibly thinking that this things blows up in as little as 6 months, possibly a lot sooner. Coming from the guy that nailed the Palladium market meltdown, I take that quite seriously.
Thank you Ben.
The level of physical draw in London and the clatter of excuses for delayed delivery tell me that the paper game is nearing its end.
I do not see this going on for years and am anticipating something out of the blue in the London market signaling London cash market chaos for gold and silver.
It's me that should be thanking you. Really appreciate how you share your experience and thoughts on here.
David,
No one knows better than you that they will do everything in their power to create the perception that everything is fine. The real question is how much of their own gold will they give up to shore up the gaping holes in their long time gold scam deceit. One day they will say NO MAS and the dam will break freeing us to true price discovery and a heck of a ride up!
True Gregory - however am also anticipating bond market chaos as gold and silver market chaos erupts in London.
As the London fraud fails, there will be many negative knock-on effects however unavoidable as gold and silver are freed from the suppression scheme.
A way down. You got your currencies backwards. PMs don't change, their value in fiat does.
How deep are the pockets of the whale who is sucking all the gold to the US? Is it Warren Buffett or is it the Federal Reserve filling their boots?
If the former, they could ride it out - if the latter, they are toast, could start smoking at any time?
Suspect it is numerous parties and not 1.
Silver being drawn-down and that is very difficult to manage because of the limited available vault stocks.
78M oz. of contracts standing for delivery on COMEX March contract. If that keeps up/accelerates, time limit relatively short.
https://econanalytics.substack.com/p/non-bullion-bank-silver-buyers-swarm
Good points - you are the expert, I'm just idly speculating!
Martin Armstrong has a plausible explanation that capital flight from Europe due to anticipation of war is the cause of the gold movement.
Ouch...that is plausible...but I think there are enough reasons for the Americans to want gold in the USA even without this factor. On the other hand, it does seem to have been written in the stars that Britain is going to fall this time (to put it politely) so maybe he's right. I don't think gold's flowing out of the EU, is it?
200 tonnes out of EU in 2024.
No data yet for 2025.
The boat does have a serious leak though.
Yes, but imagine how stupid they look to the general public when they say gold is heavy.
That comment about it being heavy flew right over most of the general publics head I'd wager, only stackers were like 🤦.
Can't wait for BoE Deputy Governor Dave Ramsden's next public appearance.
Ole Dave might soon be seized by the need 'to spend more time with family' - for personal reasons, y'all. Henceforth t/b known as 'Door-Rassh Dave' down at ye olde public house.
The ability to manage perceptions is limited when people are laughing at them.
Thus, war.