COMEX Gold December Delivery

How many threads are there going to be about the same nonsense?

Please let us know when the COMEX warehouses are down to their last 99 bars of gold.
 
Quote from AMT4SWA:

There is in question if COMEX actually has enough gold to cover all the outstanding paper positions.......many in the "underground" gold game have this opinion.

Seen any over leveraging in the world lately? :eek:
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They can cover half the outstanding interest. I know who gave you that idea on Alex Jones, but that guy has said a number of things that are plain wrong.

I can buy physical gold at no more than a 10% markup, it is not that bad. It's silver that is harder to get. I don't know where he is getting 30-40% markups, maybe on EBAY.

I'm doubtful about a run on the COMEX if they have enough to cover half the Open Interest. Of course this assumes that COMEX is telling the truth. And we are still a month away from delivery notices.
 
What's the best place to buy gold bars? I've never bought any but I'd like to start building a personal stash.

Noticing significant markups in the retail market. What's the best way to aquire physical gold.

Thanks.
 
Quote from Mecro:

They can cover half the outstanding interest. I know who gave you that idea on Alex Jones, but that guy has said a number of things that are plain wrong.

I can buy physical gold at no more than a 10% markup, it is not that bad. It's silver that is harder to get. I don't know where he is getting 30-40% markups, maybe on EBAY.

I'm doubtful about a run on the COMEX if they have enough to cover half the Open Interest. Of course this assumes that COMEX is telling the truth. And we are still a month away from delivery notices.
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Markups for physical gold and silver are under 10% for large bars. Tulving has kilo gold bars for $19.95 over spot (2.65% markup) and 1000 oz silver bars for $0.59 over spot (6% markup).

If you have the cash you can buy all the gold and silver bars you can pay for.
 
Physical?

I like silver Maples. They are cheap, very pure and say "5-Dollars" on them which makes them a good barter currency if things ever got crazy (I'm two hilltops away from the San Andreas fault, about 5 miles).

Once in awhile I buy a gem-grade St. Gaudens 20-dollar gold piece and I always tack a few dozen silver Maples onto the order. I doesn't take too much money to buy so many Maples that you can weigh your safe down to the point where it cannot be moved by any means.

Physical gold denominations are just too large. How you gonna buy a chicken with a gold piece?

Silver Maples and Shotgun Shells, the future currency of the s.w. United States.
 
Quote from 377OHMS:

Physical?

I like silver Maples. They are cheap, very pure and say "5-Dollars" on them which makes them a good barter currency if things ever got crazy (I'm two hilltops away from the San Andreas fault, about 5 miles).
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Uhm, they are a ripoff. Silver is at $10.35/oz and they want $14 for a an oz Silver Maple. That's not cheap, that's a 40% markup.

There are huge mark-ups on coins and certain bars. I'm buying grain shot, very small markup and it's in small denominations, so very flexible and liquid. It's the metal Im after, not a particular form it.

Quote from 377OHMS:

Physical gold denominations are just too large. How you gonna buy a chicken with a gold piece?
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Huge mark-ups on 1g bars, like 75%. But only 10-15% on 10g bars. Something to think about.
 
Its odd that nobody has mentioned that on India's metals futures market, GOLD CONTRACTS DEFAULTED the other day as result of failure to deliver. The sellers had to pay a penalty on about 8% of the contracts where they defaulted.

I bet next month those sellers are less willing to short it.

E TU, COMEX?
 
Quote from AMT4SWA:

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Lets see if COMEX has Gold delivery problems in December........only more market fun ahead!!! :cool:
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any update? gold down 20 bucks btw.
 
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