Godlike Productions - Conspiracy Forum
Users Online Now: 2,928 (Who's On?)Visitors Today: 1,701,970
Pageviews Today: 2,358,016Threads Today: 474Posts Today: 9,973
05:45 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 Anonymous Coward
Post Content
"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


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 ;)
Please verify you're human:

Reason for copyright violation:


This Flag Represents The Principle, "Fight For What You Believe In."

This Is The Rebel Flag, "You're Either Free Or You're Not."