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Is the COMEX really the CRIMEX? Where's the gold?
Ms Sans Serif
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[quote:Anonymous Coward 1499226:MV8xNzMwNDI3XzI4NjQ4MzE5X0JGQzAwRDlG] [quote:The White Owl:MV8xNzMwNDI3XzI0MkIzRTYz] [i]"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,'[b]Price will solve everything[/b]' And I said, 'Thanks, give me the [physical] gold.'"[/i] http://www.businessinsider.com/americatalyst-kyle-bass-2011-12#on-why-he-owns-so-much-gold-14 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 [b]1%[/b], the CRIMEX - NYMEX prices are deliberately manipulated. [b]This is what is going on right now[/b]. [/quote] :clappa: I think and hope it's the same with silver! paper price <> physical price In that case gold (oz) should be at $1600 x (~)98 = $156 800 / oz Would be nice ;) [/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
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