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<p>[QUOTE=&quot;Cloudsweeper99, post: 748483, member: 3011&quot;]Every gold bar in Comex has an owner assigned to it.&nbsp; I&#039;m sure the bars are in the process of being tested and until proven otherwise I think their purity is a non-issue.&nbsp; The futures market is a different animal.&nbsp; If all of the longs demanded delivery, it isn&#039;t up to Comex to deliver.&nbsp; It is up to the people holding the offsetting shorts to deliver.&nbsp; Many of the shorts are also the owners of the bars in the Comex warehouse, but many others keep their gold elsewhere, and some are naked shorts who hold offsetting long contracts on the delivery date.&nbsp; So Comex is nothing like fractional reserve banking.&nbsp; They hold gold and issue warehouse receipts.&nbsp; I consider it just about the safest way to hold substantial quantities of gold and silver in the world.[/QUOTE]</p><p><br /></p>

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