REMEMBER: China Reserves the Right to Default on Gold and Silver Derivatives!

Lots of news coming out of China that there has been "fun and games" going on with gold inventories. At the same time the LBMA is scrambling to replace the "Silver Fix" before the 14th of August. All of this points to a gold and silver derivative meltdown looming on the horizon and by now we should all know that if they can't rig the gold and silver market then they can't control fiat money.

What people seem to have forgotten is that China holds all the cards when it comes to gold and silver derivatives. Yes, China has long held the option to default on gold and silver derivative contracts! Here's how China plays the game: Buy the physical metal - sell the paper metal - default on the paper metal contracts - keep the physical metal!!

Remember this article I posted a few years back...

Silver Derivatives and China
//www.roadtoroota.com/public/477.cfm

"In August of 2009 China stated publicly that they "reserve the right" to default on any derivative contracts...

"China's SOE regulator, the State-owned Assets Supervision and Administration Commission (SASAC), had told the financial institutions that SOEs reserved the right to default on contracts"

http://in.reuters.com/article/idINPEK33016020090829

The End Game continues to play out and you should be on the sidelines with piles of physical metal in your own possession.

There is no time left to mess around - go to your local coin dealer and buy up all their physical TODAY!

May the Road you choose be the Right Road.

Bix Weir
www.RoadtoRoota.com