CASH Bribes Being Accepted For Metal Contracts

Buyers, who have legally contracted to take physical delivery of metals, are said to be accepting large, paper bribes to accept a cash settlement instead.The reasons are obvious why there has been a great deal of discussion about actual, formal ?defaults? in the precious metals markets. Among those ?obvious reasons? is that informal defaults are apparently already taking place in both gold and silver markets.Beginning in the London gold market over a year ago, and now rumored to be occurring in New York?s ?Comex? silver futures market, buyers who have legally contracted to take ?physical delivery? of the metals they have purchased are said to be accepting large, paper bribes to accept a ?cash settlement? instead.There are many reasons for investors to take such ?rumors? seriously. Empirically, we see the premiums being charged for physical bullion (even from large, established dealers) rising to levels never before seen (around the world). This strongly suggests a very tight market for bullion. This is confirmed through the anecdotal reports of both industrial users and large institutional investors (such as Sprott Asset Management) that they are having a great deal of difficulty locating any large quantities of bullion available for sale.More Here..94 Percent Report Increased Demand for AssistanceCanadian Firms Now Trading in Renminbi (Yuan)?I?ve Never Seen Anything Like it?

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