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Comex is the only place to source wholesale physical at these corrupted prices."
Watch from 6 minutes on.
My Comment
Chris, can you please confirm Bob’s numbers.
If the Comex had a million oz. in the registered category with 300:1 leverage,
i.e. 300 million oz. to get down to 3:1 they would need 100 million oz. not 17.3.
President Nixon, on August 15, 1971,suspended the convertibility of the U.S. Dollar into gold in international transactions.
Gold depleted from 20,000 tonne to 8,000 so with less than 600 tonne gives you a true perspective of the reliability of Comex to deliver.
| 1 | | Oz. | gr/0z | gm | kg | Gold Value US$ /kg = | ,400 | tonne |
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| 2 | 17,300,000 | 31.1 | 538,030,000 | 538,030 | Gold Value US$ | $31,420,952,000 | 538.03 |
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| Say | $32 billion |
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