by Peter Schiff, Schiff Gold:

“How did you go bankrupt?”

“Very slowly at first, and then very quickly?”

The data shows that the Comex is in the middle of experiencing a run on its vaults that is really taking its toll and continuing to accelerate. If you read no further in this analysis, first just take a look at Figure 8 and Figure 18 – those two charts will tell you everything you need to know about the impact of the vault exodus.