Craig Hemke and John Adams on Palisades Gold Radio
Craig discusses his recent call on shortages beginning in particular mints. Some of the entities like the Comex are too big to fail, and like the LBMA, they will simply adjust the rules. Breaking the Comex is putting energy in the wrong place. Think of the system as a massive fractional reserve system where the price is determined by trading digital derivative contracts with no connection to supply-demand fundamentals. If you study that system, you can find weak links that will trigger delivery failures. The weak links today are the public and private mints that are also running fractional legal schemes. Everything is fine until it’s not as we are all discovering.