Could we actually see a COMEX default?

No

Possibly by the end of February.

I've been asking how this will play out. Will governments come to the rescue and bail out these Middle Men who oversold a product that they didn't have?

How do we graduate into the Gold Standard? How will it play out? Not suddenly, but gradually?

They can cash settle. Contract allows for that.

But what would that do for the price of physical in your hand? At what point does the comex lose relevance as a price discovery oracle? If the comex price is 18$ and no commercial amounts can be had from the comex. Is the comex still a physical futures commodity exchange or is it now a derivatives exchange? So many questions.....

Me too, so many questions.

I would think that the Comex would hand over duties to the US Mint, Department of the Treasury?

Because if we are in the Gold Standard then gold/silver isn't a commodity anymore, it's cash/money.

That's really the only way to value the stuff based on actual bank vault possession.

Under previous rules the US and other countries could take loans on stuff in the ground, unmined. That's just not realistic.

Silver default?

Lol yes

Ask the Swiss guard babe x

Consult the Swiss investigating the vents

If American banks think they can make a mockery of the ancient Swiss...

Hm no

Pamp it up

Yes.

Just keep buying silver and don't let go of it.

$28 is well above the banks manipulated market price.

If this keeps up they'll have to sell all their assets.

They are fucked.

Silver club

It won't default.

They will change the rules, so that when they default its not technically a default.

Just like the 'pandemic' wasn't a pandemic till it was, and continued being a pandemic, even when it wasn't.

Rockerfeller saves in silver babe

This isn’t Vegas not a gamble

But save like the elite

Yes it will you piece of shit

This website is one of the unsung heroes of the internet.

[link to kingworldnews.com (secure)]

Canadians are the scum of the earth ass lickers

Silver will default

You are such scum

Canadians are pure scum

I love silver

We can do the magicking

Argentum Astrum

All great questions...we'll just have to watch it play out & see what happens.

Until then...buy and HODL! We have forced the hunter to become the hunted!

Thats true but that would make a fair few people not happy!

The true magic will happen when industrial sourcing of silver is no offer. Look at the price of LP gas in Texas...they have to buy it at any price in order to keep the Co-gen power plants running.

How much would a company like Apple pay, a 1.5 trillion dollar valued company for physical silver when they have to have it to make their phones etc?

Tesla and others are in the same boat that is when the proverbial shit will hit the fan in a big way. You can't settle industrial commodities in cash and think there will be no blowback from that action.

I would imagine the initial reaction will be for the physical price to skyrocket followed by massive turn ins and ads on tv for silver from your mom's coin supply and silverware. This will suck up that supply rapidly followed by attempts to recycle silver from any source available.

That likely will not be enough or will be cost prohibitive until prices reach 5K per oz or more.

if they cash settle it would end the SLV. it would be like going to buy a car at a car lot and instead of selling you a car they handed you cash.

no one would ever go back to buy a car from that car lot. same will happen if SLV settles in cash