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<p>[QUOTE=&quot;doug444, post: 2677606, member: 38849&quot;]March 9, 2017,</p><p>from the website <a href="http://investmentresearchdynamics.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://investmentresearchdynamics.com" rel="nofollow">http://investmentresearchdynamics.com</a></p><p><br /></p><p>&quot;...Just like everything else in the western financial system, the paper trading markets are leveraged beyond redemption.&nbsp;&nbsp; The amount of paper “claims” on actual physical gold was estimated to be 100:1 in 2010.&nbsp;&nbsp; We can assure you that ratio is much higher now.&nbsp; </p><p><br /></p><p>On the Comex alone, for instance, if more than 9% of the&nbsp; April open interest in gold futures were to stand for delivery – based on the currently declared 1.4 million ounces of gold reported as being “available for delivery” (registered) – the Comex would default.&nbsp; The entire open interest in gold futures is 60x greater than the amount of gold available for delivery.</p><p><br /></p><p>This is just the publicly traded paper gold derivatives.&nbsp; There’s also the shady world of OTC gold derivatives.&nbsp; We have no idea what kind of leverage is embedded in these contracts.&nbsp; But the total notional amount of OTC “precious metals” derivatives according to the OCC’s latest quarterly report on OTC derivatives (Office of the Comptroller of the Currency) is over $28 billion. </p><p><br /></p><p>Just to highlight the degree to which the Government goes in order to hide the facts about the gold and silver market, the OCC used to break out OTC precious metals derivatives into the categories of “gold” and “silver and other.”&nbsp; Now the OCC reports just “precious metals.”&nbsp; What is it that the Government and banks are hiding?</p><p><br /></p><p>The amount of leverage embedded in a Comex futures contract, based on the current amount of margin required, is about 25:1. There’s no telling how much leverage is embedded in the OTC derivatives agreements.&nbsp; All we know is that the disclosure requirements are becoming increasingly more opaque...&quot;</p><p><br /></p><p>Your comments welcomed:[/QUOTE]</p><p><br /></p>

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