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The COMEX will default in the next week or several weeks
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<p>[QUOTE="Cloudsweeper99, post: 1694749, member: 3011"]I've read stories about Comex defaulting since about 2004. The fact is that a Comex warehouse is just about the safest place to store bullion, and I don't know of a single case where anyone holding a Comex warehouse receipt lost any bullion. Regarding futures contracts, the vast majority of traders don't want delivery. They are paper traders, hedge funds, trading houses, market makers, etc...[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1694749, member: 3011"]I've read stories about Comex defaulting since about 2004. The fact is that a Comex warehouse is just about the safest place to store bullion, and I don't know of a single case where anyone holding a Comex warehouse receipt lost any bullion. Regarding futures contracts, the vast majority of traders don't want delivery. They are paper traders, hedge funds, trading houses, market makers, etc...[/QUOTE]
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The COMEX will default in the next week or several weeks
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