Jesse's Café Américain Tue 2010-03-09 17:42 EST
Are Traders Demanding US Credit Default Swaps Payable in Gold?
...I have a great deal of respect and admiration for Janet Tavakoli and her knowledge in this area. If she is seeing a new demand for Credit Default Swaps on the US payable in gold I would credit it since this is her area of expertise and industry connections...if the existence of CDS on the default or downgrade of US sovereign debt payable in gold bullion be true, who would be in a position to stand behind these Credit Default Swaps with any reliability, and what buyer would be in a position to make such a demand of a credible source?
Credit Default Swaps Payable; gold; Jesse's Café Américain; Traders Demand.