China Abandon's Derivatives, Push's Public to Buy Gold and Silver

This is a dire warning the US mass media is virtually ignoring on our economy, that could be of great importance to investors in the stock market and especially for people who have investments in the gold and silver markets. There appears to be a very serious situation arising and if the facts are correct then it appears China may be preparing to renege on derivatives commitments, as well as pulling some major strategies on the the gold and silver markets.

If that's not bad enough, it appears another Ponzi scheme may be exposed soon involving COMEX with the gold and silver markets that will make the Bernie Madoff's scheme look like a walk in the park. A lot of people who think they own gold don't own anything but the paper it's written on, unless the gold is actually in their possesion.

Here's are a few excerpts to wet your whistle for what's to come in a very well written article:

We now predict that the requests for physical delivery from the ETF's will far exceed what they planned for, and further that the whole nefarious scheme will be exposed as being a Madoff-like Ponzi scheme, because their touted gold and silver bullion holdings have all been sold off, leased or otherwise encumbered........In fact, the gold and silver being promised as backing for the holders of ETF shares may be the same gold and silver that is used to back COMEX futures contracts. ......they now hand you ETF shares backed by what may well turn out to be non-existent gold and silver! The cartel couldn't screw the ETF shareholders any further, so now they are screwing the COMEX investors as well..........The gold and silver shorts will completely implode if this occurs....The magnitude of this paper gold and silver scam will even exceed that of the Madoff Ponzi scheme. The Stanford scam will look like chump change by comparison. You should own only physical gold and silver, which is in your possession. The only paper gold and silver you should own are the producer shares, period. All futures contracts, ETF shares and mint certificates are now potentially bottomless capital loss pits. Link to article, link button isn't working you may need to copy & paste: http://globalresearch.ca/index.php?context=va&aid=15126

Now, for some time some economist have been saying we're only in the first stage of the depression and that around October something would happen which would have a very negative impact on the economy. Over a year ago leading economists stated that popping the sub-prime bubble was only the first wave, that when the derivatives market collapsed that's when things would get pretty ugly.

Here's a similar article concerning China on the gold, silver and derivatives markets:

http://globalresearch.ca/index.php?context=va&aid=15170