comex dec delivery notice, page-48

Hi Sharps,

Sorry if you're feeling you've been neglected.

I'll make a quick comment or two to 'cheer you up' -(:-D).



The price for 1 ounces of gold is based on ALL gold, not just COMEX gold.

I don't believe that.

(a) The published price is based purely on the Comex price.

(b) The price for physical is based on the amount of physical gold that's available for sale. For instance I have some, but it's not for sale. I daresay there is more held by individuals in India than is held by me. I daresay theirs is not for sale either!
(I've read that the common people of India hold more than 30% of the gold that has ever been mined.)


Regarding Comex gaining more supplies of physical gold you say -I'm sure they could access more if "needed".

Of course they could. They simply have to -


(a) find a source of gold, and

(b) then meet the price that the seller wants.... and I don't think that price will be 'the Comex price'.

In closing, I don't accept your 'small brain' claim (facetious though it may have been).

At least you ask the questions!


All the best.

dub