WARNING PING! ???
Some here have been following this story for a few days and if some of the stories are true, this could make the meltdown in the fall of 08 look like child’s play. Now that the NYP has picked up the story, it might be time to take it seriously. TCH had some very scary posts on this scandal yesterday. Not being well-versed in this stuff, I don’t know what it all means, but it sounds explosive as hell.
Maybe some smart FReeper can tell us if we are all doomed or not...LOL!
Links to some of TCH’s stuff last night in case you missed it:
http://www.freerepublic.com/focus/f-news/2490710/posts
Take delivery on all gold and silver purchases.
If this is true, or if the markets believe it MIGHT be true, then I envision a run up in gold prices and a rush to treasuries. I am not sure that there would be a large impact on any other markets. I don't follow your logic entirely -- please explain. Thanks.