Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Is the COMEX really the CRIMEX? Where's the gold?
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:The White Owl:MV8xNzMwNDI3XzI4NjQ4MTYwXzhBRDlGNzky] [i]"And then we went and looked at the COMEX. The COMEX at the time they had about $80 billion in open interest between futures and futures options. In the warehouse they had $2.7 billion of deliverables. So $80 billion in open interest — $2.7 billion in deliverables. We’re gonna own it a long time. You’re on the board, as a fiduciary, what do you do? That’s an easy one. You go get it. So you go take a billion of $2.7 billion and you let them worry about the rest."[/i] [b]That means there is only about 3.4% of physical gold/silver held in COMEX inventory to cover 100% of the paper contracts.[/b] [/quote]
"When I talked to the head of deliveries at COMEX NYMEX, I was like, 'What if 4% of the people want [gold] deliveries?' He said, 'Oh Kyle, that never happens. We rarely ever get a 1% delivery.' And I asked, 'Well what if it does happen?' And he said,'
Price will solve everything
' And I said, 'Thanks, give me the [physical] gold.'"
link to www.businessinsider.com
1). CRIMEX and NYMEX do not have enough physical precious metals in inventory to cover 4% of the paper contracts.
2). If demand for physical precious metal deliveries go above just
, the CRIMEX - NYMEX prices are deliberately manipulated.
This is what is going on right now
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Donald Trump is now the Republican nominee Trump to stand unopposed as John Kasich ends Republican nomination bid
5/04/2016 -- New Fault + Large crack in ground forms in Pennsylvania / East Coast USA
Greenpeace has leaked a copy of the Transatlantic Trade and Investment Partnership
Earth Houses 1 Trillion Species of Microbe, Only 0.001 Percent are Known to Science
Strange 'alien structures' captured on Lunar Orbiter circling the Moon 'are evidence of UFO colony'
Mystery aircraft stuns onlookers
The Drug-Sniffing Car.
Want to Know What Facebook Really Thinks of Journalists? Here's What Happened When It Hired Some.
New study prompts caution for all those taking diabetes medication: some drug brands may increase the spread of cancer
Software security group demonstrates how hackers can use ransomware to harm and potentially kill hospital patients
Consumption of rare steak may be infecting Americans' minds with a parasitic bug that causes anger and rage
ay 4 - J. D. Heyes It's not just in the meal, but the packaging: BPA toxicity in fast food packaging could lead to high rates of brain defects
CONFIRMED: Cancer is entirely a man-made disease
Mood-altering statins extend lifespan by a mere three days
SMOKING GUN: Michigan scientist told colleague to 'bump out' high lead test results to avoid having to tell the public
Are You Ready For “Lab-Grown Meat” In Your Future?
Minnesotta Man Has Microchips Implanted In Skin
White House Poised To Create First Monument To Gay Rights Struggle
Town Passes Law to Use Cops to Combat Bullying by Going After the Parents
Google Now Has Access To Millions of Patients’ Medical Records
United Arab Emirates Is Considering Building a Fake Mountain to Bring Real Rain
The Convergence of Medicine and IoT Will Change Healthcare Forever
The 6 Alien Species Currently Fighting for Control Over Earth
CT Democrats Pass Gun Confiscation Bill for Those “Accused” of Domestic Violence
Do Public Defenders Spend Less Time on Black Clients?
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.005s (5 queries)