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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:MV8xNzMwNDI3XzI4NjQ4OTk4X0Q4OTMyRDc=] :bump: [/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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