Sunday, 24 April 2011


Bob Chapman of the international forecaster, in a recent interview says how the Comex is nearing default. Not only does he make this prediction (which I believe is inevitable). He lays out how he believes they will do so;

1. Tell their clients we don't have the silver and pay 25 cents on the dollar.
2. Default outright and pay nobody.
3. Have the Federal reserve step in and and cover all of their loses.

Option number 3 is obviously the most likely, as letting the Comex default would be catastrophic. He believes this may occur when silver hits 55 - 60 Dollars an ounce, we shall see.