OTCPK:PALDF - Post by User
Comment by
Wellandon Apr 22, 2014 11:35pm
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Post# 22479734
RE:RE:RE:Non Russian Source for Palladium should be strategic
RE:RE:RE:Non Russian Source for Palladium should be strategic
Yeast: I appreciate your comments. From what I understand. GS & JPM control the precious metal markets and political events like the crisis in Ukraine and the South Africa mine's worker strike that can cause Pd and Pt to become scarce won't have much impact on companies like PDL and SWC.
In the short tem this is probably true, but with the future demise of the petrodollar, this will cause a spike in the gold snd silver price and because of their large short position in precious metal companies like JPM and GS can easily become bankrupt. There will not be a repeat of the 2008 TO BE BIG TO FAIL scenario.
On April 24, 2009, China declared their gold holding. If they respect their 5 year tradition, it might be announced around April 24, 2014. If they declare that they have 5 Million ton of gold, this might be the release mechanism that kills the PETRODOLLAR.