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: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]
"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 >>
MANDATORY MENTAL ILLNESS SCREENING AND THE DRIVE TO CONFISCATE FIREARMS
Artificial Sweetener Disease (ASD) is on the rise
Flat Earth Psy Op is the Real Conspiracy
Pluto's icy wonderland keeps mystifying scientists.
Laptops are getting destroyed because of faulty wiring on cheap cords
Chinese companies are making toxic rice out of plastic
Researchers develop method to liquefy tumors using sound waves, safely treating cancer without chemo or radiation
The first prepper video game?
Children now eating their own weight in processed sugar each year
American Cops Now Being Sent to Scotland to Learn How to Stop Killing People
Why Is My Kindergartner Being Groomed for the Military at School?
Navy staging 2-week long active shooter drills on bases nationwide
The Private Prison Primer: How is this even legal?
Super Bowl 50 Flight Security To Include F-15 Fighter Jets, Helicopters
Bill to End Operation Choke Point Clears U.S. House of Representatives
The NYPD Is Removing People From Their Homes Who Have Never Been Convicted of Crimes
Facebook's War On Freedom Of Speech
Confirmed: Iowa Democratic Party Flipped Delegates to Clinton
And Now “Some Important News About JPMorgan’s New Cash Policies”
Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group
$153 million in Bill and Hillary Clinton speaking fees, documented
China Harvesting Organs from Thousands of Political Prisoners While They Are Alive
U.S. and UK Spy Agencies May be Allowed to Request Online Chat Data and Emails from Media Companies
The wussification of American continues. You're a bad person if you watch football.
WHOOPS - IRS HAS MALFUNCTION - REFUNDS DELAYED
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 0.013s (4 queries)