Sunday 6 September 2015

Abby Normal................from Rico

The 'not normal' has recently become the 'new normal' according to some.
- Abnormal is, well.....abnormal. It is not normal, whatever you call it.
 
But that debate 'masks' something called "counterparty risk."
- Cue a big Marty Feldman eyeroll here, along with a patented Ann Barnhardt eyeroll into the bargain.
 
The COMEX now has claims per ounce of deliverable Gold is 126:1.
- That's 126 'owners' with paper claim checks for every physical ounce of Gold.
 
The 'risk?'
- Enough 'owners' trying to take delivery of physical Gold and not accepting paper Dollars instead. 
 
Ann Barnhardt was so right, so early, compared to the rest of us.
- "If you're still in these markets, you're either stupid or on drugs."


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