In the 60s.. US defaulted / In 2013, US defaulted again In the the 60s, US defaulted on its gold delivery to France.
In 2013, the US Gov't / US Fed defaulted again on its gold obligation when Germany wants to repatriate some of their gold bars from US. The US Gov't / US Fed forced Germany to submit and accept their ridiculous gold delivery in 7 years period. It only takes couple of weeks or months to make that gold delivery, instead US told Germany is going to take 7 years to do it. US defaulted again on their gold obligation. At the end, Germany did get their gold bars in a long ridiculous 4 yrs period.
You should know by now that US doesn't have the 8,000 tonnes of gold reserves, you starting to wonder if they even have 500 tonnes of gold reserves right now.
Now in 2020... the Comex are heading into a possible gold and silver delivery default.
US have a long history of defaulting on all their gold obligation. The US Fed is losing control of what they're doing and having a difficult time fighting Covid-19. Today, Fed Powell is just buying time and hope gold can stay down a little longer ... it looks bad on the FED when gold suddenly run to $2500 in the coming months. Fed Powell doesn't want to see that, his job is to manipulate gold and silver price down. As Covid-19 destroying the whole world and causing a inevitable depression in United States. There's really nothing FED POWELL can do to contain the rise of Gold and Silver. Warren Buffett already knows what's coming, the guy dumped all his airline stocks, restaurant stocks, and cut a huge chunk of all his bank stocks holding in JP Morgan, Wells Fargo, and etc.,,, THE ULTIMATE OUTCOME FOR 2021 going to be MORE AND MORE MONEY PRINTING ~~> $5 trillion ~~~> $10 trillion