Will the EU mess trigger a Gold & Silver Derivatives Default?

King World News weekly – July 6, 2015

Egon von Greyerz: “The derivative position of US banks for Q1 2015 has just been published and the reading is more frightening than ever. The top 5 US banks have total a derivative exposure of $247 trillion. This is 3.5 times world GDP. Total derivatives for all banks in the world are just over $600 trillion. But these figures are less than half of the real exposure. A few years ago the BIS in Basel changed the basis of valuation of derivatives to “Value to Maturity”…

Update Greece and Europe to be posted soon.

  • Greek problem to affect all of Europe
  • Massive growth in Precious Metals and Commodity Derivatives
  • Major risk of disruption in gold and silver markets

Click here to read the interview

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