Possible December Gold Futures Default?

[Ghostland]

John Embry discusses the possibility of a gold futures default, possibly in December. What do you think?
http://watch.bnn.ca/tuesday/#clip104603
His interview starts around 10 minute mark.

 

[nazzdack]

A default will never happen. The Fed and the COMEX/NYBOT have ways of thwarting delivery squeezes.

 

[zdreg]

maybe he will be right this time.
http://www.goldismoney.info/forums/showthread.php?p=1375410 2003
http://www.kitco.com/ind/GoldReport/sep122008.html

 

[jeb9999]

Nothing new, the gold and silver conspiracists having been spouting this nonsense for years.

 

[scriabinop23]

Quote from jeb9999:

Nothing new, the gold and silver conspiracists having been spouting this nonsense for years.

I agree with this (that the gold and silver bugs are wasting time with these conspiracy articles), and am bullish silver and gold despite that. The conspiracy theorists will be wrong continually until they get lucky and the US govt either defaults in its bonds, or this new money supply goes into circulation.

 

[good one]

its funny I just heard a commercial on the radio the other night for a place that was liquidating gold eagles at spot...
I'm sure the wacko stories will just get more wacko as these punters who have built a mini career as "gold gurus" have to come up with something to keep the business going as gold underperforms.