Dr. Jim Willie: Precious Metals Market (COMEX) on the Verge of Default (Video)

Saturday, August 6, 2016
By Paul Martin


n the following video, Elijah Johnson of Finance and Liberty interviews Dr. Jim Willie once again to get Dr. Willie’s insight on what is really happening in global economic markets. Listeners had a chance before the interview to send in their questions, and one by one Dr. Willie goes through each of them.

The interview opens up with a question about a very strange shipment of gold to the COMEX market, which is the primary market for trading metals such as gold, silver, copper and aluminum. It was reported that Switzerland exported a record amount of gold to the U.S. in May, which was the largest shipment in decades, and more than 50x the normal monthly average.

Dr. Willie explains that there was talk among his colleagues of the possibility that through the Bank for International Settlements, Switzerland might have been trying to make a provision for a new gold backed Dollar, however after further review it was determined that was not likely. Dr. Willie suggested that COMEX is on the verge of default. He backs up that claim by saying in the month referenced, Switzerland exported 21 tons of gold, and 20.7 tons of gold came to the U.S. to the Comex.

That’s just the appetizer. Enjoy! After the interview with Dr. Willie, Michael Snyder of the Economic Collapse Blog explains how things can get even WORSE. Most of us have never witnessed an economic “recovery” this bad.

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