Whether ANY gold has been delivered in the past two years I do not know. But these exchanges set the price worldwide for gold and keeping that price low makes the dollar look good. Confidence as I mentioned in the earlier post is essential. That is job one!!

If someone with deep pockets came along and purchased gold contracts for every last ounce of gold on the exchange (and there exist individuals, businesses, and countries that could easily do that) do you really think the COMEX or LBMA would settle in metal and then close their doors forever.

If they did that they couldn't do "job one" which is to protect the alleged value of the dollar.

I'd be willing to bet there are more $100 bills (debt obligations - not money) printed by the government than there are units of 100 printed in all the currently existent copies of the Parker Brothers game of "Monopoly." Which are worth more? The answer is that neither have any real value at all. They are pieces of paper which can be produced in infinite quantity.

When people begin to see "dollars" for what they are (debt obligations from a bankrupt country that cannot pay its debt and goes further into debt each year at an increasing rate the "game" will be over.

That gives you an indication how much time is left for this system of things.

P.