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Message Subject Is the COMEX really the CRIMEX? Where's the gold?
Poster Handle Anonymous Coward
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"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 1%, the CRIMEX - NYMEX prices are deliberately manipulated.

This is what is going on right now.
 Quoting: The White Owl


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 ;)
 
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