"If a few big buyers demand delivery the scam falls apart."
Bevter, not much chance of that.
The comex is for paper gold players, the big guys who know it doesn't hold anywhere enough gold for them to redeem. It's paper profits they're chasing, not gold metal. Even if gold is demanded, there are clauses to allow the comex to pay dollars in lieu.
Yes it's a scam, andthe key point is the players are part of it.
Please understand the simple truth that it's a wealth siphoning scam using gold, A tool of the Fed and USTreasury, to stabilise the dollar by keeping a lid on the gold price.
That's why the Comex is never caught holding insufficient gold metal.
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