-->Silver Escape clause

Hi Bill:
A week or so ago you included a contribution in the Midas from a cafe member that commented on Silver Standard Resources (SSRI), the fact that he had frequently contacted the company CEO asking for clarifications/information about Comex silver trading, and he sent you a statement out of the SSRI annual report about that topic. That statement indicated that SSRI was notifying shareholders that significantly more paper silver trading than actual metal trading was occurring on the Comex.

Well, I also am an SSRI shareholder, and I also have petitioned the SSRI CEO to attempt to verify or discredit Mr. Ted Butler's contentions about illegal manipulations on the Comex silver exchange. I decided this morning to obtain the SSRI annual report to read the Comex section myself and was very surprised to see another, even more important statement included there than that mentioned in your Midas:"We have been advised that most contracts, although requiring physical delivery, have a clause which allows cash settlement, or payment for the silver."

I've never seen the clause, but I'm wondering who has discretion on whether payment is made in bullion or cash, and my bet is that it's the cartel (and not the contract owner), and is the means of continuing their shenanigans in manipulating that market. If they never have to pay in bullion then the Comex inventories can never be depleted!

So, my question to you is: If they are doing that in silver, maybe they're doing it in the gold market as well; do you know whether or not these clauses exist in the gold delivery contracts?

Weiss das jemand??

gruss
cg

-->>So, my question to you is: If they are doing that in silver, maybe they're doing it in the gold market as well; do you know whether or not these clauses exist in the gold delivery contracts?
>Weiss das jemand??

Settlement erfolgt in Cash, falls nicht Lieferung verlangt wird. Das ist Standard in allen Futures. Den Trader/Spekulanten interessiert der Papiergeldgewinn.

Gruss
Diogenes

-->>>So, my question to you is: If they are doing that in silver, maybe they're doing it in the gold market as well; do you know whether or not these clauses exist in the gold delivery contracts?
>>Weiss das jemand??
>Settlement erfolgt in Cash, falls nicht Lieferung verlangt wird. Das ist Standard in allen Futures. Den Trader/Spekulanten interessiert der Papiergeldgewinn.
>Gruss
>Diogenes