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The COMEX will default in the next week or several weeks
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<p>[QUOTE="InfleXion, post: 1696467, member: 29012"]Having a numbered bar doesn't mean anything when they re-use the same numbers for multiple certificates. It is commonly known that they have less than 2% of the metal for all their contracts, at least with precious metals. There would be no need to track the physical metal they have if every certificate was 100% backed, which is simply not the case.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1696467, member: 29012"]Having a numbered bar doesn't mean anything when they re-use the same numbers for multiple certificates. It is commonly known that they have less than 2% of the metal for all their contracts, at least with precious metals. There would be no need to track the physical metal they have if every certificate was 100% backed, which is simply not the case.[/QUOTE]
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The COMEX will default in the next week or several weeks
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