Here Comes "The" Collapse! -- London Bullion Market OUT OF PHYSICAL GOLD! Cannot honor contracts for delivery!

According to a catastrophic report by the Archer Daniels Midland Corporation’s Investment Unit, the London Gold Bullion Market (LBMA) is out of Gold and within DAYS of complete collapse.   It allegedly WILL COLLAPSE NOT LATER THAN JUNE 15.

When people around the world start hearing the “gold” they have “on paper” as part of their “portfolios” doesn’t really exist and cannot be delivered, it is going to send a financial shockwave across the globe that will have repercussions we cannot even conceive-of right now.

ADM goes on to say “the London Bullion Market is running into a problem and is facing the biggest challenge since it collapsed from an insufficient supply of physical gold in March 1961968.”

If there is no gold, there is nothing supporting more than US$200 Billion of trading every day in unallocated (paper) gold instruments which accounts for more than 95% of gold trading in London. 

Full story: https://www.superstation95.com/index.php/world/1287