Nickelless maybe you or someone on the board can fill me in on a question that I have had for some time.
From what I gather all the contracts on COMEX have a clause that basically allows the payment of cash as a settlement without having to deliver the actual metal. Does anyone know if this fact is correct? If so, as long as a payment is made there can be a claim of no defaults.
It was openly disclosed that for every 100 ounces of gold on contract in the London Bank Vaults there is only one actual physical ounce on hand. This disclosure basically exposes the fraud but there seem to be no one willing to admit it.
How to buy a COMEX contract?
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Posted - 07/04/2010 : 14:40:38
