Godlike Productions - Conspiracy Forum
Users Online Now: 2,172 (Who's On?)Visitors Today: 2,404,822
Pageviews Today: 3,109,347Threads Today: 864Posts Today: 14,125
09:40 PM

Back to Forum
Back to Forum
Back to Thread
Back to Thread
Message Subject Is the COMEX really the CRIMEX? Where's the gold?
Poster Handle The White Owl
Post Content
"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."

That means there is only about 3.4% of physical gold/silver held in COMEX inventory to cover 100% of the paper contracts.
Please verify you're human:

Reason for copyright violation: