Does anybody think a default at the COMEX can't happen? Read on. Note: The LME, unlike the COMEX, fixes daily prices for physical metals. And yet, there was still a default.
http://news.silverseek.com/TedButler/1156198042.php
To see how prices reacted after the default in nickel in 2006:
http://www.kitcometals.com/charts/nickel_historical_large.html#5years
Note to self: buy the physical bullion, not the paper futures contracts.
Wednesday, January 26, 2011
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