Kyle Bass says COMEX can’t deliver

Posted: December 21, 2011 in Current Events, Financial Fraud, Gold

As we have discussed for quite sometime on this blog the COMEX is a fractional reserve system.  This means multiple people could be signed the same bar of gold.  In this clip Kyle Bass discusses his conversation with the COMEX.  Kyle’s question was “what if 4% demand delivery of their gold?” 

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